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<p>[QUOTE=&quot;fretboard, post: 1605240, member: 19765&quot;]With the US gold storage being 147.3 million ounces and the deficit being $1.1 Trillion dollars, why doesn&#039;t the US Gov&#039;t sell some of the gold it has in storage? Sure, maybe it&#039;s not enough money to get us completely out of debt but some of it could have been sold at an earlier date to keep us from owing so much money to China.&nbsp; If we borrow money we pay interest, if we sell gold and thereby use our own money we don&#039;t pay interest.&nbsp; Anyone know the answer.&nbsp; Is something written in the US Constitution that keeps us from digging into that stockpile of gold?&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; </p><p><br /></p><p><br /></p><p><a href="http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13" rel="nofollow">http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13</a></p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; &nbsp; The United States Bullion Depository Fort Knox, Kentucky </p><p>&nbsp;</p><ul> <li>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Amount of present gold holdings: 147.3 million ounces.</li> <li>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Except for these samples, no gold has been transferred to or from the Depository for many years.</li> <li>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; The gold is held as an asset of the United States at book value of $42.22 per ounce.</li> </ul><p><br /></p><p>http://www.cbsnews.com/8301-505123_162-57526960/u.s-2012-deficit-at-$1.1t-estimate-says/</p><p><br /></p><p>A new estimate puts the U.S. deficit for the just-completed 2012 budget&nbsp; year at $1.1 trillion, the fourth straight year of trillion dollar&nbsp; deficits[/QUOTE]</p><p><br /></p>

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