How much gold is really in Fort Knox?
This question has been popping up all over the place, in news interviews, on conspiracy shows and youtube videos, I have even seen this question pop up in a lot of cryptocurrency articles lately. And to be dead honest, this question seems to be a huge one the US Government loves dodging to answer.
Back in March of 2017 there was an audit request that was funded $3,144.96 by a crowdsource campaign to get to the very bottom of this issue for once publicly. The Mint ended up handing over paperwork for this request but missing so much of it that it was virtually useless. The man hosting that crowdsource wanted the full transcripts but the Mint decided to refund the paperwork processing fees. Once again they are avoiding letting Americans know if we still have our gold securely locked up at Fort Knox and the other Bullion housing facilities.
Do we have a right to know?
I am kind of getting to a stage here where I think every American and world citizen should demand an audit on the US Government about our gold holdings. They claim its all there but numerous attempts at audits get denied and to this day they have never provided solid proof of the existance that any gold physically sits in these facilities anymore. This is an important area for gold backed finances and we also house foreign nations gold so I would suspect an audit is a must for their holdings as well. The EU at one time asked for an audit but none came about, the Mint claimed it would have to take place in 2020 due to lack of resources.
Here is my feelings, they want to know every penny we have in our bank accounts, now want in to know what cryptocurrency holdings we have. Isn't just as fair for us to know what they have in their vaults and if our gold value even exists to the extent they avoid giving real set numbers about? This is a huge area of distrust in our government and it might be time they do an audit to provide a citizen to government trust. Something is off to me about the lack of public audits here and I am beginning to wonder what has come of the gold we supposedly house.
A Man on a Mission
I have found out though that I am not alone about this desire for an audit on our gold standard. I was looking around today and came across this amazing person who has gone through hell with the system to attempt to get us some great info and potential audits. If your curious he put together a very factual walk through on his struggles with the Mint and the half assed paperwork he has so far gotten that leads us nowhere. Here is the link:
http://www.zerohedge.com/news/2017-02-28/us-mint-releases-new-fort-knox-%E2%80%9Caudit-documentation%E2%80%9D-first-critical-observations
It appears to me they are dodging anyone inquiring about this but I commend the guy for trying at the least.
What impact does this have on citizens?
If there ends up being no gold in Fort Knox or way less than the government tells us it could impact the legitimacy of the U.S. government, and our economy, which would certainly be catastrophic. If there were no gold there, it would also raise questions a lot more serious questions. One would be what in the hell really backs the US Dollar? Would the US Dollar have any value then in the world market? Would other nations turn to other currencies for trade? Where would we find the cushion to carry us through any major world economic or other crisis? Would the government come after Americans who hold gold privately as a form of financial security?
The impact could be serious if we end up finding out they are hording nothing and falsely leading the world economy astray as a gold standard leader. Worst part, true economic failure. Thank God for Crypto if so......
Just a little something to make you think
The conspiracy is that its there.
i agree, the true conspiracy is not if there is not gold there, at this stage its more if its even there lol.
If it is why is the us government so stingee when other countries request their gold back. I think Germany has been tripping out about that for few years because they don't think its there and want to pull out because they don't trust it.
Its not there, I suspect what is there is so minimal and they have done this rob peter to pay paul game with the gold. THe black projects have sucked up a lot of it I believe. Germany actually recently requested an audit and they are denying them till 2020 as well for a possible one, just to keep them at bay but I think Germany is about to get involved with this need for an audit, they like you said do not trust it like most Americans don't either. This could lead to the full collapse of the central bank though, kind of why I want to push for an audit lol
Its pretty serious lol theres no point in them if they don't have gold.
lol agreed, well I guess self governing will just have to be the way we do things soon lol. Because if what I suspect is real and there is not much in there then my friend the crooks will be in the light and out of our life for once and all finally
I agree and that is kind of the scary part. I believe this has been happening for a long time and jfk passively aggressively called them out on it and they had him killed. They proved they were not for the people that day and that that gold was owned privately and the owners had no desire to give it to the united states.
Waste of time they will just lie and we will be old and grey before we get an answer ..oh I am already old and grey ,,, my bones will trun to dust before lol
Lets just do this http://moneyasdebt.net some great videos and thoughts.
I do agree it will lead to more lies but if they get a public non governmental audit done for the people then we might get close to an answer. My reasoning though is not about the wealth we house but the enlightened lack of it that we probably have, therefore we are officially at a stage to say openly yes citizens the central bank is not working and lets move on from that old way. Great video by the way, its so true that we do need to view money in a different way
What a great use for crypto .. I really like the approach
This could set off that push we need to reform to a system that actually works. I have this strange feeling if we opened those vaults the truth will set a lot of the system downwards. Not in a bad way just in a way we have transparency and we can build a real working system finally...maybe even then prove crypto is a great alternative and we can use the gold for circuit boards lol
Lol .. The banks will not go down without a fight .. But its going to be one hell of a show .... Hope we win 😈
I hope so too. I am here for the movement to create a better world, this is the next stage in doing that so we have to be vigilant in that fight against the corruption. They are getting scared though, I can see it in the media, they are starting to lash out with laws and trying to figure our movement out finally lol...no longer the joke they called crypto anymore, the numbers are just growing so much they should be worried lol
For the sake of curiosity, I really want to know.
For the sake of transparency, I really want to know.
For the sake of millions of people that will be royally messed over, I don't to know!
I agree for the right reasons we should know but I suspect its a bad answer to come so it could lead to many serious world related problems and could impose serious issues for average citizens but I think we need to know
Agree. We do have the right to know, but man, if/when there is fallout, it is gonna be BAD!
That is why we must always be prepared, world is on the verge of madness already so its really serious we are prepared for anything every day till we finally get back on track
there is no gold there
IOU's are way better than a us dollar lol...good one @sanchez
correct.. you are right my friend
I believe your right to be honest, more I look into it the more I see the government scared to do an audit which means they are hiding something. That could be hugely bad, that means not only are they inflating the US Dollar but with no backing of anything or less than what we think we have means that dollar really is just paper. Means we have to use Crypto then because we ill have nothing here..kind of scary if you ask me, if they know this then I love to see there explanation of where it went...think I would believe aliens took it vs anything else lol
The dollar is backed only by the faith of the people. It holds no value. The dollar is the same as a promissory note: promise to pay.
agreed, that part I do get but honestly that faith in that value is long gone for many. That gold is supposed to hold a standard though in the world economy, if we are lying to the world there is gonna be a lot of hell to pay lol. Specially with those that store their gold with us, we lost their money you know what will come down. But I think we should know...its getting very fishy with the way they dodge audits for 40 years now
We're off the gold standard, right? The question "what gives this piece of paper any value?" is one of those things no one regularly thinks about. The government shouldn't be transparent for everything due to national security issues, but we sure as hell deserve to know what our money is really worth.
Gold still rules the land as far as a world economy goes. So the impact will actually turn us into an instant third world country if Russia and China found out our gold was gone, they along with many others kind of hope for such a screw up lol. I get national security but that gold has always been a we the people situation they house in case we need it in emergencies. We also house other nations funds there but they even deny them audits so something feels pretty criminal to me here lol
We called it the "petrodollar" when Kissinger made deals with oil producing nations to trade oil in USD. BRICS nations are storing up gold and working their way around trading the USD lately.
Could not agree more.
I think its a given, you want to see my bank account, let me see yours lol
Imagine being a guard there for 20 years, only to find you've been guarding an empty building.
lol...but your life on the line for damn air lol...that one is hilarious.
Have you ever seen Mad Money? It is a movie about three janitors at the Federal Reserve who plot to steal money that is scheduled for destruction. Based off a true story. I don't recall EXACTLY why the money was scheduled for destruction - but i think it had some flaws on the printed currency. But would still pass as real money. You have to wonder how often this sort of think is probably happening. I think there is still gold at ft Knox but i do not think there's enough for the current printed currency therefore, no our money is not backed by gold. Id be super surpised if it has even the entirety of my life (29 years). No telling when our money was truly still backed by gold IMO
Biggest concern, the fact some of that gold is from other nations, that could start a huge world war like we never seen before. You know how pissed you get at the bank when they pop a fee on you, imagine a whole nation has no gold in our reserve they trusted us to keep? that is scary. I agree though I doubt its all gone but the value is hyped up way higher than it really is I bet, which is just as bad. I have not sure if I seen Mad Money, I watch a lot of movies but its not ringing a bell. You remember who was in it?
Diane keaton, Katie Holmes, queen latifah played the janitors.
I agree this sort of thing could start a war
Okay now I remember it, for some reason I thought Micheal Keaton was in it lol...now I get why it was Diane Keaton lol. I seen it, great film actually.
Haha. Yeah it is a good one. Very fascinating. So do you think people are still siphoning off the money intended for destruction? At this time security would be much more advanced to prevent this but i bet it still happens
I believe they are taking money and putting it in places yet to be seen. The black projects stuff for the military is a huge sucker of funds and probably more personal elite powers getting a mass majority of what should be ours
No doubt about it. We are slaves to the government afterall....
It's my opinion that if there were gold there they would have no problem verifying it. The evasion is suspect.
Totally agree. I think there is gold there but not much lol...I think its so low they are freaked out to get caught they have virtually nothing to cover all the loans and inflation and so on that they ran up. Might as well come clean, burn your dollars and let crypto take on over...I can put that gold to good use making circuit boards for miners lol
Excellent point. Just like everything else in government and politics. If they are resistant to getting the information out to the people then they're hiding something
They have not any sufficient amount of gold. There was never a plan to return to the gold standard.
I agree, its all a smoke screen when they give estimates of gold value. Issue is a bunch of world nations have their gold with us and they want to know the facts and its getting hairy about it. I have a feeling there will be a push for an actual audit due to other nations and this could be a trigger for the central banking fall and for a lot of serious problems for a while for the USA.
We shouldn't audit the government we should lynch them.
Unless there's a 24/7 stream I can promise you the filthy rich corporates will lie. There's probably nothing there, although they can easily move some in.
Its seriously time we hold everyone in power accountable. Too many generations have let it go on and on so we ended up in this brick wall situation where everything is a complete mess. Corporations and the elites only know how to lie because that is how they were raised to make income. The blockchain will seriously right that I believe, we just have to keep tight to this and not let them slip in and destroy our movement.
They can destroy it any time by pumping fiat in that they control; but the issue is they can simply pull a venezeula on the people and start killing civilians, shutting down the internet, etc.
That's what the elite ruling class there did when they begun losing money and power.
The end is nigh I say alot, for the elite structures and the asinine abuse of power going on in the world. My friend I welcome a little chaos as long as it ends up providing a peaceful and beautiful future for my kids. What they did to Venezeula was pure evil, sure more is coming on everyone but one day it will shift and we can look back on the last 100 years as a what not to do highlight lol. Ready for change, that is what drives me in my life, just change this mess we are in
Since no currency is backed by gold and I don't believe that the US government has a lot of credibility left, it may only lead to something along the lines of: "Gold is no longer the corner stone of our economy, and the quantity we have is no longer critical".
I agree. You know what I find fascinating about gold. I read an article a long time ago and they were saying the only real world true usage for gold is two things, people held value to it only because it was rare but now a days not so rare seeing they know they could easily mine a ton of it in space. Second and only Earth realm value, its a great conductor for electricity, so lets sort this out, how about we put gold to use for our technologies, give crypto a mainstream use and use the gold in the circuit boards. I am sure then we can just begin a new view that makes sense for value lol.