Tuesday, September 13, 2011

US Gold Reserves at Fort Knox - Harmful Fact/Secrets ?

No one really knows how much (or how little) gold still remains in the hands of the Manipulators. For example, the United States claims to have the world's largest stockpile of gold. The problem is that for over 50 years it has refused to allow any independent audit of these supposed reserves (see “GATA seeks an audit of MYTHICAL Fort Knox gold”).

A stockpile of gold is not like some secret, weapons facility, where simply allowing someone to see it could cause some sort of “threat to national security”. If the U.S. hoard of gold actually existed, it is in the nature of Americans to want to show it off to anyone and everyone in the world. The obvious conclusion is that only a tiny fraction of this gold remains (if any, at all).

In fact, the U.S. no longer even describes the supposed hoard of gold at Fort Knox as “gold reserves”, but instead it calls its holdings gold reserves and gold swaps. In other words, we have no idea of how much of this one-time hoard has been “loaned” to bullion-banks who cannot possibly replace that gold, and how much of the gold stored at Fort Knox officially belongs to other governments. All we know is that the truth would be extremely harmful to the Manipulators – which is why the actual amount of U.S. gold still held at Fort Knox which actually belongs to the U.S. is a closely-guarded state secret.

It is precisely at the time that Western sales of gold are rapidly falling toward zero that central banks in Asia, the Middle East, South America, and even Europe have suddenly started buying gold – while ridding themselves of their soon-to-be-worthless U.S. dollars, in the process.

US Mint reported a gold reserve of 247 million oz at Fort Knox or 7,940 tonne. How true, nobody knows. At current price of US 1800/oz, this represent a value of USD 444.6 billion only !

1 comment:

zhou said...

The United States Bullion Depository Fort Knox, Kentucky

Amount of present gold holdings: 147.3 million ounces.
The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
The gold is held as an asset of the United States at book value of $42.22 per ounce.
The Depository opened in 1937; the first gold was moved to the depository in January that year.
Highest gold holdings this century: 649.6 million ounces (December 31, 1941).
Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.
Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.
Construction of the depository:
Building materials used included 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel, and 670 tons of structural steel.
The cost of construction was $560,000 and the building was completed in December 1936.
In the past, the Depository has stored the Declaration of Independence, the U.S. Constitution, the Articles of Confederation, Lincoln's Gettysburg address, three volumes of the Gutenberg Bible, and Lincoln's second inaugural address.
In addition to gold bullion, the Mint has stored valuable items for other government agencies. The Magna Carta was once stored there. The crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary also were stored at the Depository, before being returned to the government of Hungary in 1978.
The Depository is a classified facility. No visitors are permitted, and no exceptions are made.