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

[bijou]

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.

“It has been several decades since the gold in Fort Knox was independently audited or properly accounted for,” said Ron Paul, the Texas Congressman and former Republican presidential candidate, in an e-mail interview with The Times. “The American people deserve to know the truth.”

Mr Paul has so far attracted 21 co-sponsors for a Bill to conduct an independent audit of the Federal Reserve System - including its claims to Fort Knox gold - but an organisation named the Gold Anti-Trust Action Committee (GATA) is taking a different approach
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I hope Ron Paul succeeds in this, because I don't think that the internet has room for another conspiracy theory.

[Lacarnut]

That would be interesting info. Over the last year, the US Mint has sold more gold coins than it has over the previous 4 years.

[formerlurker]

Uh, the government inspects it yearly.   Sending in independent anyone just screams conspiracy theory.   

Honestly, I think Paul has better things he should be doing with his time. 

[Lord Undies]

Goldfinger had no intention of stealing the gold in Ft. Knox, reporting idiot.

[5412]

Uh, the government inspects it yearly.   Sending in independent anyone just screams conspiracy theory.   

Honestly, I think Paul has better things he should be doing with his time. 

Hi,

I do not agree with you. To me the government inspecting it is like the fox guarding the hen house.  That is why public companies are requried to hire indepent auditors, to ascertain that things are as reported.  That is why CPA's exist.  The government is not above needing scrutiny from independent experts.

If I was to guess, my guess would be Mr. Paul is on to something and wants it to blow sky high.....

DO YOU TRUST OUR GOVERNMENT WITH YOUR MONEY????

regards,
5412

[formerlurker]

Hi,

I do not agree with you. To me the government inspecting it is like the fox guarding the hen house.  That is why public companies are requried to hire indepent auditors, to ascertain that things are as reported.  That is why CPA's exist.  The government is not above needing scrutiny from independent experts.

If I was to guess, my guess would be Mr. Paul is on to something and wants it to blow sky high.....

DO YOU TRUST OUR GOVERNMENT WITH YOUR MONEY????

regards,
5412

Ron Paul is a loon and is not on to anything.   Period. 

Government accounting audits are public documents and any member of Joe public can ask for a copy of it.   What Ron is looking for is press time, and to spend money on an independent audit which will be cherry picked by the Obama Administration, will take years to complete, and will tell you absolutely nothing more than what the Inspector General prints yearly.



 

[Miss Mia]

Uh, the government inspects it yearly.   Sending in independent anyone just screams conspiracy theory.   

Honestly, I think Paul has better things he should be doing with his time. 

Not really, I don't think he does.