Billions in Gold Missing at Fort Knox?

allthingsluxury

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Quote from: allthingsluxury on August 31, 2017, 12:40:06 PM

I highly doubt that the West has the gold that it claims to have. Remember, they count paper claims on gold, as gold. Which is laughable. A full audit of the gold held in Fort Knox would be disastrous for the American economy. Their is a reason why they are so resistant to this simple request.

A lot has been sold to Russia, India and china last year

Indeed it has, it is no coincidence that their holdings continue to explode, while the West's continue to decline. Gold is incredibly rare and production has NOT increased in this period of time.

iluvpie60

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Quote from: allthingsluxury on August 29, 2017, 12:31:18 PM

We've had a lot of questions from customers asking what Mike thinks about Steve Mnuchin's visit to Fort Knox. Here's part of a Q&A session from a conference where Mike addresses what may or may not be happening to the gold holdings of the United States.

Click here to watch this video:

http://mikemaloneyblog.blogspot.ca/2017/08/billions-in-gold-missing-at-fort-knox.html

Though the theory is that a lot of the gold is missing, it is interesting if we think about how this problem is easily solved by something with a public blockchain like bitcoin.

If this was all public, we could see how much gold was there, since it is not, we have to trust the government, which shouldn't be required.

allthingsluxury

legendary

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I highly doubt that the West has the gold that it claims to have. Remember, they count paper claims on gold, as gold. Which is laughable. A full audit of the gold held in Fort Knox would be disastrous for the American economy. Their is a reason why they are so resistant to this simple request.

Hydrogen

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This conspiracy theory has been around for a long time as they do not do visual inspections of the gold in fort knox to make certain its still there. If the gold was stolen or transferred away to another location no one would know it as there's no process to validate if the gold in fort knox is still there in its original lump sum.

One thing that stands out is many banks and countries which allowed their gold to be kept in foreign countries as collateral have begun demanding their gold be returned. If things get serious enough perhaps someday we'll see a visual inspection of fort knox. Its like auditing the federal reserve, there's some doubt as to whether it'll actually happen despite the massive amount of debate and discussion on the topic.

juri543

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I would not be surprise if that vaults would be emphty. That would explain why so much short sale on paper gold has been done last six years in order to drive the price of gold down. The physical gold world market has seen in recent years fundamental shifts in psychical gold concentration where china doesn't let any physical gold out of country. Even more, it buys all gold from rest of the world togather with Russia and India. I believe that gold is underpriced but with this pace it might stay for a some time more.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

We've had a lot of questions from customers asking what Mike thinks about Steve Mnuchin's visit to Fort Knox. Here's part of a Q&A session from a conference where Mike addresses what may or may not be happening to the gold holdings of the United States.

Click here to watch this video:

http://mikemaloneyblog.blogspot.ca/2017/08/billions-in-gold-missing-at-fort-knox.html

Topic: Billions in Gold Missing at Fort Knox? (Read 394 times)