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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: banco$ who wrote (45151)	11/19/1999 12:53:00 AM
From: Ptaskmaster	Read Replies (2) \| Respond to of 117054

Is there really gold in Fort Knox? This question is raised from time to time on SI, Kitco and elsewhere, but I've seen scant information on the subject. A cursory internet search turned up little: The Treasury is pretty specific on the domestic gold it says it holds, and where it holds it fms.treas.gov fms.treas.gov However, the issue apparently was long discussed by politicians unhappy at not being able to precipitate a formal, open audit, and was taken up by the conspiracy theorists etext.org long before gold 'leasing' by CBs gave recent, additional cause for concern. Fort Knox is actually a military establishment 147.238.100.101 and the Treasury's gold vault is close by 147.238.100.101 ltadd.org news2.thls.bbc.co.uk Apparently the last formal, open audit of the gold there was a long time ago. Does it all belong to the US? Some older accounts don't distinguish - see under Gold Nuggets in jckgroup.com but it appears that, aside from gold in various mints, most of the domestically owned gold controlled by the Treasury is in the Fort Knox vault, and mainly foreign-owned gold (in the gold custody account) is stored in the vault beneath the Federal Reserve Bank of New York mpls.frb.org The obvious questions include: Is there a detailed listing available of the current and past contents of the gold custody account, similar to the listing of domestic gold cited above? To whom is the FRB NY accountable for a full, concurrent audit of this foreign gold? When did Congress last call for an audit of domestic gold, and what was the stated response for not carrying out a formal, arms length, open audit satisfactory to the American citizenry? Are there legal limitations on how, when and where and for what purpose the domestic gold can be used while officially 'held'? I'm just floundering around here, but it certainly seems there are more questions than answers and I don't think I've even framed the questions adequately. Ptask