Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (6978)	7/28/2000 7:54:54 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

there is still a fair chunk in Fort Knox, though by far not all of it. the NY Fed's vaults hold mainly foreign gold, but there is a second big gold storage facility aside from F. Knox that holds US reserves. can't remember now where it is exactly. actually since there hasn't been an independent audit comprising assays and actual physical counting of bars since the 1950's (the auditor's report that is issued nowadays simply works with statements from the US Mint), there have been off and on rumors that some of the gold might be missing by now. well, treasury officials when asked about this insist of course that it ain't so. and admittedly it sounds far-fetched...and yet, why not simply allow an independent audit allay all lingering doubts? considering that there are persistent rumors that the ESF is covertly operating in the gold market (in effect shorting it, as its profits/losses regularly coincide with down/up moves in the gold market), a rumor that isn't dying down due to the evasive language that respective queries tend to elicit, why not make tabula rasa, and audit both the gold reserve and the ESF's activities for all to see? sounds like a reasonable request in a democracy....