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<p>[QUOTE=&quot;RaceBannon, post: 1612847, member: 25357&quot;]<a href="http://www.minyanville.com/sectors/precious-metals/articles/Credibility-of-the-US-Bullion-Depositary/1/2/2013/id/47071?page=full" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.minyanville.com/sectors/precious-metals/articles/Credibility-of-the-US-Bullion-Depositary/1/2/2013/id/47071?page=full" rel="nofollow">http://www.minyanville.com/sectors/precious-metals/articles/Credibility-of-the-US-Bullion-Depositary/1/2/2013/id/47071?page=full</a></p><p><br /></p><p>Here is some more interesting reading on this topic.&nbsp; The last time the gold in Ft Knox was actually subjected to a full audit with drilling/assaying and testing was 1953.&nbsp; The 1974 audit was more of a walkthrough/show and tell staged to appease some members of congress who had demanded an audit.</p><p><br /></p><p><br /></p><p>In this article is a great graph:&nbsp; This chart presents the … relation of US debt to Treasury gold reserves – the&nbsp; amount of debt per one ounce of gold – up to 2012.</p><p><br /></p><p>Debt levels exceeded US gold reserves over 10 years ago, and the ratio continues to climb.&nbsp; A public audit at this point would further erode confidence in the dollar.&nbsp; Which partially explains why the government is resisting an audit.&nbsp; Also, it would cost a lot of money to conduct an audit, but hey...cost hasn&#039;t really stopped the US government from doing anything in the past...which is why the debt level is so high in the first place.[/QUOTE]</p><p><br /></p>

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