THC (and Richard): You open up an interesting gold topic.
If you recall James Turk wrote of a old, well-informed friend of his by the codename 'Andre' who essentially makes the same claim as you, that the US doesn't own any gold because President Johnson sold it all.
I've heard anecdotal claims all over the map, including that Ft. Knox is barren of gold; that it's just an army tank school.
On the other hand, I've heard from more than one Denver Mint worker that there's an underground vault in Denver the size of a football field filled with it, and that they haven't allowed tours there in years because of "terrorist threats", whatever that means. Richard, can you verify?
That there's lots of gold held by the NY Fed under Manhattan is certain, as Federal people have verified it, but ostensibly it's mostly foreign gold for settling accounts, held in trust.
One thing is certain - there hasn't been an official gold audit for decades. AND officials are always making excuses that it's unnecessary and expensive. SURE!
THC, what facts do you know and what are your sources?
Bob |
