How much gold is really in Fort Knox?
This question has been popping up all over the place, in news interviews, on conspiracy shows and youtube videos, I have even seen this question pop up in a lot of cryptocurrency articles lately. And to be dead honest, this question seems to be a huge one the US Government loves dodging to answer.
Back in March of 2017 there was an audit request that was funded $3,144.96 by a crowdsource campaign to get to the very bottom of this issue for once publicly. The Mint ended up handing over paperwork for this request but missing so much of it that it was virtually useless. The man hosting that crowdsource wanted the full transcripts but the Mint decided to refund the paperwork processing fees. Once again they are avoiding letting Americans know if we still have our gold securely locked up at Fort Knox and the other Bullion housing facilities.
Do we have a right to know?
I am kind of getting to a stage here where I think every American and world citizen should demand an audit on the US Government about our gold holdings. They claim its all there but numerous attempts at audits get denied and to this day they have never provided solid proof of the existance that any gold physically sits in these facilities anymore. This is an important area for gold backed finances and we also house foreign nations gold so I would suspect an audit is a must for their holdings as well. The EU at one time asked for an audit but none came about, the Mint claimed it would have to take place in 2020 due to lack of resources.
Here is my feelings, they want to know every penny we have in our bank accounts, now want in to know what cryptocurrency holdings we have. Isn't just as fair for us to know what they have in their vaults and if our gold value even exists to the extent they avoid giving real set numbers about? This is a huge area of distrust in our government and it might be time they do an audit to provide a citizen to government trust. Something is off to me about the lack of public audits here and I am beginning to wonder what has come of the gold we supposedly house.
A Man on a Mission
I have found out though that I am not alone about this desire for an audit on our gold standard. I was looking around today and came across this amazing person who has gone through hell with the system to attempt to get us some great info and potential audits. If your curious he put together a very factual walk through on his struggles with the Mint and the half assed paperwork he has so far gotten that leads us nowhere. Here is the link:
http://www.zerohedge.com/news/2017-02-28/us-mint-releases-new-fort-knox-%E2%80%9Caudit-documentation%E2%80%9D-first-critical-observations
It appears to me they are dodging anyone inquiring about this but I commend the guy for trying at the least.
What impact does this have on citizens?
If there ends up being no gold in Fort Knox or way less than the government tells us it could impact the legitimacy of the U.S. government, and our economy, which would certainly be catastrophic. If there were no gold there, it would also raise questions a lot more serious questions. One would be what in the hell really backs the US Dollar? Would the US Dollar have any value then in the world market? Would other nations turn to other currencies for trade? Where would we find the cushion to carry us through any major world economic or other crisis? Would the government come after Americans who hold gold privately as a form of financial security?
The impact could be serious if we end up finding out they are hording nothing and falsely leading the world economy astray as a gold standard leader. Worst part, true economic failure. Thank God for Crypto if so......
Just a little something to make you think
