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<p>[QUOTE=&quot;InfleXion, post: 1612543, member: 29012&quot;]djsmalls, the gold in Ft. Knox has nothing to do with the Fed. That gold was confiscated and is under the purview of the US Treasury which is what would be sold if anything. The gold that is under the purview of the Fed is in Manhattan, and that is foreign gold which the Fed also does not itself own. The Fed does have gold certificates on their balance sheets, but those are representative of gold held by the US Treasury.&nbsp; </p><p><br /></p><p>More info about that here: <a href="http://jessescrossroadscafe.blogspot.com/2009/10/how-much-gold-does-us-have-in-its.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://jessescrossroadscafe.blogspot.com/2009/10/how-much-gold-does-us-have-in-its.html" rel="nofollow">http://jessescrossroadscafe.blogspot.com/2009/10/how-much-gold-does-us-have-in-its.html</a> </p><p><br /></p><p>If you were to ask me, do I believe there is as much gold in Ft. Knox as they say? I would say not likely, but I have yet to see evidence either way. The lack of an audit can be taken one of two ways. Either the gold isn&#039;t really there, or they want people to question whether it&#039;s really there as a shrewd security precaution. Both are plausible.[/QUOTE]</p><p><br /></p>

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