To: Nostradameus who wrote (131067 ) 9/17/2008 8:21:48 PM From: E. Charters Read Replies (2) | Respond to of 313796 The United States Bullion Depository is reported to hold about 4,603 tons (4,176 metric tonnes) of gold bullion (147.399 million ounces), mostly in the form of IOU's from various government departments who have plundered it to stay afloat. It is second in presumptive gold of the United States only to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds about 5,000 metric tons of gold, gold certificates or IOU's in trust for many foreign nations, central banks and official international organizations. Much of the gold has been lent to parties who have sold it to finance dot com and lending enterprises which are now bankrupt. The gold is declared every so often as being sold in order to fix the books. Fort Knox and the Federal reserve are most probably empty of physical gold. Since the institutions in question will not allow anyone to tour the facilities to determine if there is any physical gold there, on the excuse that such tours or visits are costly and may undermine security, no member of the public appears to know whether or not there is actually any metal backing up the government claims of possessing 1000's of tons of physical gold. The facility is ringed with several fences and is under armed guard by officers of the United States Mint Police. The Depository premises are within the site of Fort Knox, a United States Army post, allowing the Army to provide additional protection. The Depository is protected by numerous layers of physical security, alarms, video cameras, armed guards, and the Army units based at Fort Knox, including Apache helicopter gunships of 4/229 Aviation based at Godman Army Airfield, the 16th Cavalry Regiment, training battalions of the United States Army Armor School, and the 3rd Brigade Combat Team of the 1st Infantry Division as it returns from Iraq in the summer of 2008, totaling over 30,000 soldiers, with associated tanks, armored personnel carriers, attack helicopters, and artillery. Given the actual amount of gold sold and lent-for-sale from these facilities in the past 30 years, a wooden picket fence, a boy scout with a popgun and a lame Chihuahua blind in one eye would be more appropriate security team. "A popular and recurring conspiracy theory, as alleged by Edward Durrell, Norman Dodd, Peter Beter and others, claims that the vault is mostly empty and that most of the gold in Fort Knox was removed to London in the late 1960s by President Lyndon Johnson. In response, on September 23, 1974, Senator Walter Huddleston of Kentucky, twelve congressmen, and about 100 members of the news media toured the vault and opened various cells and doors, each filled with gold. Radio reporter Bill Evans, when asked if it seemed like the gold might have been moved in just for the visit, replied that "all I can say is that I saw gold there" and that it seemed like it was always there. Additionally, audits of the gold by the General Accounting Office (in cooperation with the United States Mint and the United States Customs Service in 1974 and the Treasury Department) from 1975-1981 found no discrepancies between the reported and actual amounts of gold at the Depository. However, the audit has been described as a peculiar process because it was only a partial audit done over an extended period of time. The report states only 21 percent of the gold bars were audited as of 1981 (the audit report's issue date) and that the audit has "covered more than 212.7 million fine troy ounces of gold" which "represents over 80 percent of the total amount of United States-owned gold of 264.1 million fine troy ounces." A small amount of gold is removed for regularly scheduled audits to ensure the purity matches official records. The theory continues to persist, however. Of this alleged scandal, the ex-general counsel of the Export-Import Bank of the United States, Peter Beter, commented: "The Watergate scandal was child's play compared with the covered-up Fort Knox Gold Scandal" " EC<:-}