Fort Knox, is there really gold there

[ConceptualizedNetherlandr]

I don't see how auditing Ft. Knox is a "conspiracy theory." It belongs to Americans. Open the vault, count/weigh it, close the vault. Not rocket science. As far as keeping the gold at a constant value. If it is your house would you want it to keep a constant value? Buy it in 1990 for 100K, 2025 still 100K? Didn't think so.

Obviously then current value would apply at a time of transaction. Adjusting the books daily has no value. Just an unnecessary cost.

But for real estate you also win if the value doesn't get reassessed until you transfer. But alas they keep increasing the taxes even though you have not realized any gain. As I type I am sitting on real estate that pays almost as much in a year for taxes as it cost to purchase back in the day. Isn't that nice. How many times have I paid for it?

The taxes today are over 47x the taxes in the purchase year.

 

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[FreeBirdTim]

Much ado about nothing. If it's there, sell it to decrease our national debt. If it's gone, no way to prove who took it. Just more chest thumping to get attention...

 

[ConceptualizedNetherlandr]

Much ado about nothing. If it's there, sell it to decrease our national debt. If it's gone, no way to prove who took it. Just more chest thumping to get attention...

Ahhhhhhhhh yep ...nope. If found out to not be there heads would roll. Selling it is not the best idea either. But I'll take on wagers it is there.

 

[FreeBirdTim]

If found out to not be there heads would roll. Selling it is not the best idea either.

They could never prove who sold it or removed it. Maybe it was JFK or Nixon? They're dead, so it would be a moot point.

Selling it at 3k an ounce makes perfect sense. Unloading that much gold would pay down the national debt and tank the gold market. Then the government could buy it all back at 2k an ounce later on.

 

[ConceptualizedNetherlandr]

They could never prove who sold it or removed it. Maybe it was JFK or Nixon? They're dead, so it would be a moot point.

Selling it at 3k an ounce makes perfect sense. Unloading that much gold would pay down the national debt and tank the gold market. Then the government could buy it all back at 2k an ounce later on.

Imagine the manpower and trucking required to move it out. Unnoticed?

 

[gautman]

how do they audit the stack? do they move the entire stack by hand? that stack is atleast 6 to 7 feet wide, 3 feet deep? 5 1/2 feet high. those are 27.5 pound bars about 7 inches long 3-5/8" wide and 1-3/4" high. does the auditor say he wants the entire stack moved so he can take a bar from the back bottom row or just take the one Mitch is handing him from the front row? Countries should never sell their gold afaic, its there for a reason but the USD is backed by the bomb so youll be fine even if it isnt there, up here in Canada we barely have a military, nobody owns guns and our fearless leaders sold off all our gold.
Mitch McConnell never worked a hard day in his life and i find it odd how easily he holds a 30 pound bar with a couple fingers at 76 years of age in 2017

 

[ToddsPoint]

This is an aerial view of Ft Knox. It should be easy for the folks in the Dowser Forum to tell us if the gold is still there!🤣😜😉