Gold in Ft. Knox

[Zeitgeist]

Well is there?

“Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it’s ‘a possibility’ that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.”

http://thehill.com/blogs/blog-briefing-room/news/116341-ron-paul-plans-bill-to-audit-us-gold-reserves

[patb]

i knew the guy who audited the gold reserve at the NY Fed.

he said the audits were useless.

[patb]

i knew the guy who audited the gold reserve at the NY Fed.

he said the audits were useless.

[patb]

i knew the guy who audited the gold reserve at the NY Fed.

he said the audits were useless.

[patb]

i knew the guy who audited the gold reserve at the NY Fed.

he said the audits were useless.

[patb]

i knew the guy who audited the gold reserve at the NY Fed.

he said the audits were useless.

[patb]

here was the deal.

in order to do an audit, you are supposed to randomly select X bars find them, send them to assay
and then return them

the problem is the gold is in large unstable stacks so you can’t pull ingots out.

thats why the audits are garbage.

[patb]

here was the deal.

in order to do an audit, you are supposed to randomly select X bars find them, send them to assay
and then return them

the problem is the gold is in large unstable stacks so you can’t pull ingots out.

thats why the audits are garbage.

[patb]

here was the deal.

in order to do an audit, you are supposed to randomly select X bars find them, send them to assay
and then return them

the problem is the gold is in large unstable stacks so you can’t pull ingots out.

thats why the audits are garbage.

[patb]

here was the deal.

in order to do an audit, you are supposed to randomly select X bars find them, send them to assay
and then return them

the problem is the gold is in large unstable stacks so you can’t pull ingots out.

thats why the audits are garbage.

[patb]

here was the deal.

in order to do an audit, you are supposed to randomly select X bars find them, send them to assay
and then return them

the problem is the gold is in large unstable stacks so you can’t pull ingots out.

thats why the audits are garbage.

[urbanrealtor]

I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.

[urbanrealtor]

I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.

[urbanrealtor]

I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.

[urbanrealtor]

I know the usual libertarian tropes about precious metal standards and I am not interested in that discussion now.

My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?

I am not arguing. Its a serious question and I would like to hear actual views on it.

[Author]

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