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Is the Gold in Fort Knox really there?

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
I happen to believe in GOLD and, generally in 'precious metals' so I have holding in Gold and Silver.

But is the gold actually in Fort Knox?

We see that there is a gold shortage in London.

Hmmmm, if you don;t hold physical gold are your precious metals holding just a gamble?



FULL STORY at the ZeroHedge link above, with links....


"Let's Do It": Rand Paul Supports Fort Knox Physical Audit After ZeroHedge Suggestion Goes Viral

One of the biggest questions over the past 50 years is whether the gold at Fort Knox, Kentucky is really there, or if it's been plundered.
What we do know is that the last 'audit' of America's gold stash was conducted on Sept. 23, 1974, when the US Treasury opened just one of its 15 vaults at Fort Knox so politicians and reporters could swarm the site for a two-hour photo-op with roughly 6% of the alleged amount held. Adding to the complete farce, none of the bars being passed around for the cameras were matched to a serial number, assayed or tested for purity, or even verified as US holdings - as foreign countries have previously stored their gold at Fort Knox as well.
Since then there has been no independent verification of the roughly 4,580 metric tons supposedly held by the Treasury outside of bullshit annual 'vault seal checks' that don't actually analyze the gold (oh, and they've 'lost' seven of those) - various efforts have been raised to audit Fort Knox - most recently in 2021, when Rep. Alex Mooney (R-WV) introduced (now-dead) legislation to audit America's gold holdings with a full assay, inventory, and audit of all US gold - which would include a full account of gold transactions undertaken by the US government.
In 2010, former Libertarian Rep. Ron Paul called for an independent audit of Fort Knox.
"It'd be nice for the American people to know whether or not the gold is there," Paul said at the time.

Activate Agent Big Balls

With Elon Musk's team at DOGE - including a gent who goes by the name "Big Balls" - investigating government-wide waste, fraud and abuse, we thought it might be helpful to point them towards Fort Knox...
 
IF an audit finds that "the gold ain't there?" what happens?
And further, what can do we do about it?
Curious minds need to know!
 
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I can’t believe someone would buy a physical product but not take possession of it. I have a small amount of precious metals of various kinds but I have them all in my possession.
Absolutely!

Crumpy and I had a small amount of precious metals and some stocks for income during business slowdowns and emergencies. That came in the form of Biden Covid Policies that kept many of our staff home and most of our customers cancelling projects. Our main products were promotional items. The first to go during hard times.

Our retirement was in our packaging company, which ran well just slapping the wheel from time to time. We got complacent with long term projects we never thought would be cancelled. We were wrong.

Meanwhile, we do still have some precious metals at home. Smith and Wesson, Walther, Winchester, Browning, and an accompanying supply of brass.

I would imagine, there are a lot of folks in much the same position after the last 4 years of Biden and the Democrats.
If the gold is not in Fort Knox as we have all believed, no big deal.
We'll get by.
 
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