Interesting Article on Gold --The US Gold in Fort Knox is Secure, Gone, or Irrelevant

[jeff of pa]

In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations). The US government had been overspending, exporting dollars oversees, and other governments had “cashed in” those dollars for gold. At that rate of decrease, the US gold hoard would have been entirely dissipated by now. Perhaps it is gone!

The US Gold in Fort Knox is Secure, Gone, or Irrelevant | The Deviant Investor

 

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[Marchas45]

In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons (Fort Knox, the NY Fed, and other locations). The US government had been overspending, exporting dollars oversees, and other governments had “cashed in” those dollars for gold. At that rate of decrease, the US gold hoard would have been entirely dissipated by now. Perhaps it is gone!

The US Gold in Fort Knox is Secure, Gone, or Irrelevant | The Deviant Investor

Perhaps it is gone! You have to be kidding right. LMAO They have been paying the Chinese and Russia off with our Gold, the last few years. Keep Stacking

 

[Gold Maven]

Yeah....it's like a giant fan, with a truck load of manure slowly raising it's bed above it.

Makes you sick to think of what will eventually happen.

 

[jim4silver]

If the Yamashita gold story is true, then the fort knox gold would be irrelevant in terms of volume. I bet the US still has some of its gold from the 1933 call in where they melted the coinage. How much is left is the question though. The PM bugs like to theorize that it is all gone, but how would they know? I used to think that but know don't think it is all gone. Especially if the US did get the Japanese gold.

http://blog.milesfranklin.com/yamashitas-gold

The Secret WWII Gold Hoard That Changed the World | American Free Press


PS Would be interesting to know where all that gold has gone if the US doesn't have it. Unlike silver, gold doesn't get "lost" in large amounts in industry like silver does from what I understand. So most gold ever mined is still somewhere either in a vault, underground or at the bottom of the sea. Maybe someday all that gold will be used to back some currency?

Just my opinion.


Jim