The Gold in Fort Knox

[angie_nrs]

Here's an interesting video regarding the gold in Fort Knox. Reagan tried to tie us back to the Gold standard back in the 80's and it's interesting to hear why he failed.
https://m3.gab.com/media_attachments/31/9f/aa/319faa87272e34b62d6716ffa8fbee1c.mp4

There's some interesting posts in the following thread which inspired this one. Fort Knox has been spoken of by Musk and Trump and it seems an audit is going to be in the works with the DOGE team.
https://www.homesteadingforum.org/threads/doge.39172/page-3

Trump has said that he wants to end the Fed and go back to the gold standard. It seems that the two must go hand in hand. If he can educate Americans on how the Fed stole the gold of the people (regardless if it's in Fort Knox or not), then he can presumably get the gold back and give it back to the people......and end the Fed. Basically, without the gold, the Fed has no funds and is bankrupt. I think this is why Trump has brought this issue to the forefront. I think it's going to take a lot of time to make the transitiion back to the gold standard, but I think that's what he's got in mind.

If the gold isn't there then where is it? Many speculate that the Vatican has it. It's interesting that this topic is hot right now and the Pope is having major health issues. Of coarse, there are other speculations on where it might be as well.

In the meantime, consider what that means for PM's. If the audit happens and the vaults are indeed full of REAL gold, does that affect the price of your PM's? My thought is, since the people believe there is gold in the vault already, then NO, I don't think it affects PM prices. However, if an audit happens and there is no gold there.....then Yes, I think PM's rise substantially.

 

[teeceetx]

It's a pretty sure bet that gold has been pilfered from Ft. Knox.

With no true audit since the 1950's, that pretty much guarantees some will be missing.

The only question is how much!

 

[Snowman]

https://www.homesteadingforum.org/threads/doge.39172/post-1073378

 

[Hardcalibres]

There is enough gold on the whole planet to back all the USD in circulation......but what would the US trade for enough gold to back the USD??????.........and in the mean time, the US is well and truly addicted to creating new money out of thin air.

The US runs a trillion dollar trade deficit every year now.......the biggest in human history.......and pays for that with newly created money.

The US stopped putting more gold in Fort Knox, back when the value of USD in circulation, was a tiny fraction of what it is now.

So the US wont be going back to the gold standard.

In the mean time, China has been hoarding gold for a couple of decades......they mine it themselves, trade it for goods and earn it with trade surpluses.

They play the long game......... and they have a plan.

 

[elkhound]

There is enough gold on the whole planet to back all the USD in circulation......but what would the US trade for enough gold to back the USD??????.........and in the mean time, the US is well and truly addicted to creating new money out of thin air.

The US runs a trillion dollar trade deficit every year now.......the biggest in human history.......and pays for that with newly created money.

The US stopped putting more gold in Fort Knox, back when the value of USD in circulation, was a tiny fraction of what it is now.

So the US wont be going back to the gold standard.

In the mean time, China has been hoarding gold for a couple of decades......they mine it themselves, trade it for goods and earn it with trade surpluses.

They play the long game......... and they have a plan.

They bought the largest gold producing mine on planet...all the gold mined goes straight into chinas coffers.

 

[angie_nrs]

He already knows what is or isn't there.......
https://m3.gab.com/media_attachments/c6/70/aa/c670aae3de6da50515d98b661a1724e9.mp4

 

[teeceetx]

Given what we now know about the fraud, graft, & theft elsewhere in the Federal Government, I'd bet there is a whole lot of gold missing from Ft. Knox!!!

 

[Neb]

Given what we now know about the fraud, graft, & theft elsewhere in the Federal Government, I'd bet there is a whole lot of gold missing from Ft. Knox!!!

If not physically is still a question.

Gold can be rented out. I will not try to explain that. Just because you have gold doesn't mean you own it.

Would love to see Trump's visit to Frt Knocks.

Ben

 

[Amish Heart]

Isn't there other places our govt keeps the gold? Cant imagine it'd be all in one place

 

[Supervisor42]

Isn't there other places our govt keeps the gold? Cant imagine it'd be all in one place

Yes. Fort Knox only has about 2/3rds of the government gold...
Others are below:

• 
  Fort Knox
  The U.S. Bullion Depository at Fort Knox in Kentucky has stored the U.S. gold reserves since 1937. It's home to more than half of the U.S. Treasury's gold reserves.
  
  
• 
  West Point
• The U.S. Mint has a "working vault" at its facility in West Point, New York, where it stores gold.
  
  
• 
  Denver
  The U.S. Mint has deep storage for gold in Denver, Colorado.

How much is in each of them... nobody really knows.

 

[Amish Heart]

All those things to wait for....how much gold? Epstein list ? JFK killing?

 

[Neb]

All those things to wait for....how much gold? Epstein list ? JFK killing?

Adventures coming.

Ben

 

[Weedygarden]

Many years ago, I saw something that said that there is no gold in Fort Knox, that it had all been removed. That was maybe 20 or more years ago and I have no memory about the source of that.

 

[Jen]

It's a pretty sure bet that gold has been pilfered from Ft. Knox.

With no true audit since the 1950's, that pretty much guarantees some will be missing.

The only question is how much!

I wonder what (if anything) will happen if the gold is gone?

Who would have stolen it?

 

[Supervisor42]

I wonder what (if anything) will happen if the gold is gone?

Who would have stolen it?

Obama:
https://www.homesteadingforum.org/threads/doge.39172/post-1071733

 

[bkt]

Isn't there other places our govt keeps the gold? Cant imagine it'd be all in one place

The Federal Reserve bank in NYC - on Liberty street, if memory serves - holds a lot of gold.

 

[bkt]

If not physically is still a question.

Gold can be rented out. I will not try to explain that. Just because you have gold doesn't mean you own it.

Would love to see Trump's visit to Frt Knocks.

Ben

Yup. Hypothecation is a real problem: the same gold is promised to multiple "owners". This can work for a little while as long as none of the owners wants to take physical possession of their gold. If you buy gold, always take physical possession of it. Do not trust some company to hold it in their ultra-secure vault for you.

 

[sonya123]

gold is only worth anything because people agree that it is worth something, ultimately it's not a practical way to pay for stuff. Plus inflation is caused by too much "money" whatever that may be at the given time, right now it is US $ and not enough goods to buy.
Plus there is this, who decides how much gold is worth? If the dollar becomes worthless, what will an ounce of gold cost? A million Chinese yen ? A hundred euros?
I don't think there is enough gold on this planet to pay for the US debt

looked it up, there supposedly is around 244000 metric tons of gold on this planet , a metric ton of gold in 2023 cost approx. 67 million $
that comes out to 16348000000000
a trillion is 10000000000000
so the entire gold on the planet is worth about $ 163480 trillion if I counted all the zeros correctly

 

[Mountain trapper]

gold is only worth anything because people agree that it is worth something, ultimately it's not a practical way to pay for stuff. Plus inflation is caused by too much "money" whatever that may be at the given time, right now it is US $ and not enough goods to buy.
Plus there is this, who decides how much gold is worth? If the dollar becomes worthless, what will an ounce of gold cost? A million Chinese yen ? A hundred euros?
I don't think there is enough gold on this planet to pay for the US debt

looked it up, there supposedly is around 244000 metric tons of gold on this planet , a metric ton of gold in 2023 cost approx. 67 million $
that comes out to 16348000000000
a trillion is 10000000000000
so the entire gold on the planet is worth about $ 163480 trillion if I counted all the zeros correctly

Gold has always had great value, long before there was ever "money" around. I don't see that ever changing. Now days the price of gold is dictated by the market. The more buyers there are the higher the price goes up. When enough people start selling their gold the price will drop. It works very similar to the stock market. Regardless of the price, gold will always be in demand.

 

[SoulSeeker]

I heard where the fed held our gold as well as other countries. At some point the U.S. used the gold from other countries without telling them. Now they want to use it and it isn't there and are mad as hell over it. Gold will always have value being one of the noble metals. It doesn't tarnish making it ideal for electronics and space applications. I believe that's why Kennedy was assassinated, for trying to put us back on the gold standard. That would have ruined the banking industry and the Democrats behind it. That whole industry is going against the Constitution by creating money out of thin air. Credit cards, loans and more. They are not to lend out more than they have on hand but do it anyway. That's how they get in trouble when a market bubbles burst. They overextend they're assets and can't meet the payment when due. That's why we bailed most of them out. The bailout should have went to the people as the banks would have received it anyway. As it was the people lost, again, while the fat cats stayed fat. I wonder how many politicians are share holders or secret partners to bank?

 

[Snowman]

One can "Thank John" for this being safe again :

In the Movie there were signs on some of the cages with names of different Countries on them...!!!


The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks.

The Federal Reserve Bank of New York is uniquely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account).[2] It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve.[3] Aside from these distinct functions, the New York Fed also performs the same responsibilities and tasks as the other Reserve Banks do, such as supervision and research.[4][5]

Given its central role within the Federal Reserve System, the New York Fed and its president are therefore considered first among equals among the other regional Reserve banks.[6] Its current president is John C. Williams. Not McClane...!!