Is there any gold at Fort Knox?

[lovuian]

Run time: 01:34 https://www.youtube.com/watch?v=OHw9RLDJmro   Posted on YouTube: April 03, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 03, 2009 By DU Member: lovuian Views on DU: 1215

 
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece

Is there any gold inside Fort Knox, the world's most secure vault?

For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it.

They are worried that no independent auditors appear to have had access to the reported $137 billion (£96 billion) stockpile of brick-shaped gold bars in Fort Knox since the era of President Eisenhower. After the risky trading activities at supposedly safe institutions such as AIG they want to be reassured that the gold reserves are still the exclusive property of the US and have not been used to fund risky transactions.
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In other words, they want to be certain that the bullion has not been rendered as valueless as if a real-life Goldfinger had stolen it.

“It has been several decades since the gold in Fort Knox was independently audited or properly accounted for,” said Ron Paul, the Texas Congressman and former Republican presidential candidate, in an e-mail interview with The Times. “The American people deserve to know the truth.”
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With Russia and China wanting to go to the Gold standard

and America is the ONLY country to take gold from its citizens

The website of the US Mint says that the 147.3 million troy ounces of gold in Fort Knox “is held as an asset of the US”. It does not elaborate.

[Art_from_Ark]

1. America isn't the only country to confiscate gold

Germany confiscated gold from citizens to finance World Wars I and II, and Japan confiscated gold in the period leading up to the war with the US. Pol Pot and Mao Tse-tung couldn't bear the thought of real money competing with their sorry fiat currencies, and Chinese were prohibited from owning gold until just recently. I'm sure other examples abound.

[guruoo]

2. "The 1933 Double Eagle was also a temporary resident after transfer from 7 World Trade Center

in July 2001, until its sale in July 2002 for $7.59 million."

http://en.wikipedia.org/wiki/United_States_Bullion_Depository#Gold_and_coin_holdings

[Idealism]

3. I was under the impression that the gold was property of the Federal Reserve.

[qazplm]

4. $137 billion?

That's it? That's nothing.

That is like ten percent of our annual budget.

The whole thing could disappear and it wouldn't exactly do much damage to our economy.

[Grinchie]

5. The gold was raided long ago

Fort Knox is an urban legend, and until they actually prove something is in their, I consider the property a movie prop.

[BumRushDaShow]

6. I had always heard that too

They need to show us the goods!

[stlsaxman]

7. What is Fort Knox- isn't it a Civil War era tourist attraction?

... and what is this "gold" stuff? a rock? why is THAT worth anything?

[Xenotime]

8. Its a false icon of a broken capitalist society.

If there is gold in there...

1.) It's not ours it belongs to some other country.
2.) If it is our, it ain't worth much.

So, who care? * ruined this nation beyond repair.