The World Gold Council, an authority on gold markets, states the United States holds 8,133.5 tons of gold. This is an amount equivalent to 75 percent of the total U.S. reserves, and approximately 26.5 percent of the World's gold. Of this gold, the Federal Reserve Bank of New York, that's gold vault is shown below, holds five percent of the United States' gold according to CNN Money. Denver and West Point also hold U.S. gold according to "America's Book of Secrets," which also claims only a Presidential order can reveal Fort Knox's contents.
Federal Reserve Bank of New York via Public Domain
Fort Knox, also known as the 'U.S. Bullion Depository', is believed to hold an unconfirmed amount of gold. The World Gold Council claims Fort Knox holds 4,600 tons of gold, or 147.89 million Troy ounces. Moneywatch states Fort Knox holds 147.3 million ounces of gold, an amount closer to 4,582 tons of gold. Maybe someone miscounted a mere 18 tons of gold valued at roughly $.946 trillion at $1,635 per Troy ounce.
If Fort Knox actually holds this much gold, then the U.S. holds approximately $1.261 trillion in reserves if the World Gold Council statistics are referring to percent of U.S. reserves in terms of value and not weight. This would be very encouraging were it not for the fact Fort Knox has not been formally audited in recent times per Congressman Ron Paul (R) of Texas. In July 2012, a very large majority of Republicans voted to do just that per Business Insider. The last audit was around 1978 and allegedly only accounted for 11 percent of the presumed gold in Fort Knox per David P. Sorando of the United States General Accounting Office; eye witnesses report seeing what might have been copper content within the gold per Lew Rockwell.
According to the Gold Anti-Trust Action Committee, in the past central banks secretly infused gold in to the markets over time to lower its price and as a result, have less than half the amount believed to be held by the public. Since Fort Knox holds gold for central banks, then it follows that if central banks can withdraw such gold, then the amount in Fort Knox could indeed be less. SHTF Plan cites government correspondence as stating the privately held U.S. Central Bank has no gold. Yet, according to Number Sleuth, in 2010 the U.S. held 8,000 metric tons of gold, 75 percent of which was held for "foreign exchange reserves."
According to the Gold Anti-Trust Action Committee, in the past central banks secretly infused gold in to the markets over time to lower its price and as a result, have less than half the amount believed to be held by the public. Since Fort Knox holds gold for central banks, then it follows that if central banks can withdraw such gold, then the amount in Fort Knox could indeed be less. SHTF Plan cites government correspondence as stating the privately held U.S. Central Bank has no gold. Yet, according to Number Sleuth, in 2010 the U.S. held 8,000 metric tons of gold, 75 percent of which was held for "foreign exchange reserves."
The accounts of the gold in Fort Knox vary. One official says one thing, another says something else. For example, according to CNBC The Treasury Secretary General sent a letter to Ron Paul saying "he had personally seen the gold reserves located in each of the gold storage compartments" at Fort Knox, yet CNBC was told otherwise when conducting its own research. Perhaps the Secretary General of the Treasury only personally saw the gold in a picture, rather than seeing the gold in person? Words can be misleading at times.
CNBC is not the only organization to research the gold in Fort Knox. The History Channel series 'Decoded' also conducted an investigation about it. All they could come up with were some interesting first hand accounts from residents who either worked or knew people who worked in Fort Knox. Decoded's researchers also interviewed the Mayor of the jurisdiction in which Fort Knox is located, but he did not know the answer either. Decoded's conclusion, it is a matter of faith! as evident in the host's analogy that the Wizard of Oz was possibly about a gold brick road that led to a manipulating wizard of 'OZs' or Gold Ounces!
When the Congressman who is the Chairman of a Domestic Monetary Policy Sub-committee, and a national cable station cannot confirm something, it is at least a little odd. Of the doubts and speculation that have arisen from the lack of information about the American People's Gold is that it has already been sold, or that is used as collateral for financial security exchanges. This echoes what the Gold Anti-Trust Committee has said. Furthermore, Zero Hedge has uncovered de-classified government documents that indicate central banking intent to manipulate gold supply. The fact of the matter though, is that there is no official confirmation about how much gold is in Fort Knox.
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