Is there still gold inside Ft Knox?

Tecnos · 04-02-2009, 03:17 AM

Quote:

Is there any gold inside Fort Knox, the world's most secure vault?

It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base and watched over day and night by army units with tanks, heavy artillery and Apache helicopter gunships at their disposal.

Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible and Magna Carta.

For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it.

They are worried that no independent auditors appear to have had access to the reported $137 billion (£96 billion) stockpile of brick-shaped gold bars in Fort Knox since the era of President Eisenhower. After the risky trading activities at supposedly safe institutions such as AIG they want to be reassured that the gold reserves are still the exclusive property of the US and have not been used to fund risky transactions.

In other words, they want to be certain that the bullion has not been rendered as valueless as if a real-life Goldfinger had stolen it.

kidflash2008 · 04-02-2009, 10:53 AM

The majority of the gold is held by the Federal Reserve in New York City. I still think there is a huge amount at Fort Knox, just more at the secret New York City vaults.

I like how they add other conspiracy theories at the end. Some of the comments dismiss those types of theories too.

Tecnos · 04-02-2009, 11:08 AM

In my experience, any organisation undergoes both internal and external audit with regularity.

Government (whether local or central) even more so!

Why have the blocks not been counted??

Or their movement been subject to FoI laws?

kidflash2008 · 04-02-2009, 11:23 AM

The only audit that I know was publicly done was in the 1970s when they opened the vault at Fort Knox to the public. All other audits are done in private by the government. The History Channel had a special on Fort Knox, and many military service personnel told of the huge amount of gold there. They are not allowed to say much because of security reasons.

If there was no gold at Fort Knox, why not open it up as a museum? As I have stated, the vast majority of the gold the United States owns is in New York City. They have filmed some parts of the area before, and there are rooms and rooms stocked with gold bricks and bullion.

Considering the US is not on the gold standard any more, I don't know why the people are so nervous. We still have many gold mines in the US, and if the country needed gold, silver, platinum and other precious material, they could always get a supply from those sources.

Tecnos · 04-02-2009, 12:00 PM

So why haven't 'they' counted it?

If nothing else than to allay the fears of the Hoi Polloi!

I don't think that you are reading between the lines on this one!

The US public gold.... is.... well....... public!

What other nations have got their national wealth stored inside?

Certainly under UK Law FoI laws I am entitled to know where my 'gold' is....

Do you not think so?

I am sure that the UK have some of their assets stashed in your depository......

Where is my money?

Tecnos · 04-02-2009, 12:36 PM

Quote:

Originally Posted by kidflash2008

The only audit that I know was publicly done was in the 1970s when they opened the vault at Fort Knox to the public. All other audits are done in private by the government. The History Channel had a special on Fort Knox, and many military service personnel told of the huge amount of gold there. They are not allowed to say much because of security reasons.

So where, exactly is MY money?

http://www.telegraph.co.uk/news/news...-5billion.html

http://www.iii.co.uk/news/?type=afxn...action=article

http://gordon-brown-election.co.uk/2...gold-reserves/

I WANT MY GOLD!!!!

I wish to make a necklace............

kidflash2008 · 04-03-2009, 11:05 AM

The United States also stores many of the world's countries supply of gold. I can see your point about wanting to know if it is all there, but it is in vaults way below the ground level. Again, the vaults underneath New York City make Fort Knox look like a safety deposit box. The government does annual audits of the gold it has in its possession. I think it may be possible to get results using the Freedom of Information Act for the Treasury Department.

It is not your or my gold, as the gold standard of the United States was dropped by President Nixon.

04-02-2009, 11:08 AM	#3
Tecnos Investigator Join Date: Oct 2008 Location: UK Posts: 419	In my experience, any organisation undergoes both internal and external audit with regularity. Government (whether local or central) even more so! Why have the blocks not been counted?? Or their movement been subject to FoI laws? __________________ Last edited by Tecnos; 04-02-2009 at 11:14 AM.

04-02-2009, 12:00 PM	#5
Tecnos Investigator Join Date: Oct 2008 Location: UK Posts: 419	So why haven't 'they' counted it? If nothing else than to allay the fears of the Hoi Polloi! I don't think that you are reading between the lines on this one! The US public gold.... is.... well....... public! What other nations have got their national wealth stored inside? Certainly under UK Law FoI laws I am entitled to know where my 'gold' is.... Do you not think so? I am sure that the UK have some of their assets stashed in your depository...... Where is my money? __________________ Last edited by Tecnos; 04-02-2009 at 12:23 PM.

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04-02-2009, 10:53 AM	#2
kidflash2008 Senior Investigator Join Date: Sep 2008 Posts: 1,699	The majority of the gold is held by the Federal Reserve in New York City. I still think there is a huge amount at Fort Knox, just more at the secret New York City vaults. I like how they add other conspiracy theories at the end. Some of the comments dismiss those types of theories too.

04-02-2009, 11:23 AM	#4
kidflash2008 Senior Investigator Join Date: Sep 2008 Posts: 1,699	The only audit that I know was publicly done was in the 1970s when they opened the vault at Fort Knox to the public. All other audits are done in private by the government. The History Channel had a special on Fort Knox, and many military service personnel told of the huge amount of gold there. They are not allowed to say much because of security reasons. If there was no gold at Fort Knox, why not open it up as a museum? As I have stated, the vast majority of the gold the United States owns is in New York City. They have filmed some parts of the area before, and there are rooms and rooms stocked with gold bricks and bullion. Considering the US is not on the gold standard any more, I don't know why the people are so nervous. We still have many gold mines in the US, and if the country needed gold, silver, platinum and other precious material, they could always get a supply from those sources.

04-03-2009, 11:05 AM	#7
kidflash2008 Senior Investigator Join Date: Sep 2008 Posts: 1,699	The United States also stores many of the world's countries supply of gold. I can see your point about wanting to know if it is all there, but it is in vaults way below the ground level. Again, the vaults underneath New York City make Fort Knox look like a safety deposit box. The government does annual audits of the gold it has in its possession. I think it may be possible to get results using the Freedom of Information Act for the Treasury Department. It is not your or my gold, as the gold standard of the United States was dropped by President Nixon.