I watched a show thats all about conspiracy theories. They say that there is no longer any gold kept in Ft Knox. They are required to post an annual report on the contents. No one has seen the gold since 1976, yet the reports say the same amount is there for last 40 years (in dollar value). Shouldnt it be worth more since gold has gone up in value hundreds of percent since then ? They talked to several past guards that also 'say' the gold is long gone years ago and they just say its there to keep from crashing the economy. They only guard it now to put on the facade that its still there. One guard even said they were never issued any ammunition because there was nothing to really guard.

Opinions....thoughts......?

A coworker was talkin' about this today - what was the name of the show?

As I recall, the last time it was opened up for members of Congress to verify the presence of gold was for exactly this same purpose - to dispel rumors that it was empty. They filmed their entrance to the vaults, and guess what... gold up to the ceilings. But then, it could have been filmed by the same people who filmed the fake moon landings, right?

The show is Brad Meltzer Decoded on History Channel.

The vault is 8x15 feet, 10 feet high. When it was inspected in 76, they were only allowed to look inside not to go in. What they did see was gold stacked on 3 sides to the ceiling....but how deep, they could only see the front ones. Behind them could have been building bricks for all they knew. They just assumed it was so many layers deep. Next time, someone should be allowed in and pull out some random ones to see in full view of others. Another possibility is lead bars just gold plated. The theory is the government has been withdrawing it to give to foriegn governments for whatever reasons. (loans, ransoms, weapons, intellegence).

[This message has been edited by rogergarrison (edited 10-07-2011).]

James Bond: "Yes, well, I've worked out a few statistics of my own. 15 billion dollars in gold bullion weighs 10,500 tons. Sixty men would take twelve days to load it onto 200 trucks. Now, at the most, you're going to have two hours before the Army, Navy, Air Force, and Marines move in and make you put it back."

If it was moved, we'd know

Seems for once my memory was fairly accurate. But I also recall that the authorities said they would never open it up again just to dispel rumors. I'm one of the last people to put any trust in our Federal Government, but this is one of those situations where you eventually have to say "Well... what can ya do?".

I just saw the show. The gold was last seen in 1974, so they have had 37 years to take it our bit by bit if they wanted to. The gold may still all be there also, but we may not own it anymore or it may have been moved to another location. What it all boils down to is how much do we trust our government?

Since we haven't been on the gold standard in decades, this is important how?

quote Originally posted by JazzMan: Since we haven't been on the gold standard in decades, this is important how?

Even when invisable, the pig must remain in the poke.

quote Originally posted by Toddster: James Bond: "Yes, well, I've worked out a few statistics of my own. 15 billion dollars in gold bullion weighs 10,500 tons. Sixty men would take twelve days to load it onto 200 trucks. Now, at the most, you're going to have two hours before the Army, Navy, Air Force, and Marines move in and make you put it back." If it was moved, we'd know

Yeah, but $15 Billion in gold bullion today is what, a couple pounds?

It couldn't be moved out in bulk quietly, but slowly over time it could easily be done. Replace it with plated lead bricks as was mentioned and no one is the wiser unless you test each brick.

What happens to the 80 million ounces of gold produced by mines world wide each year? That's 2,500 tons per year, not like there is a shortage of the stuff.

edit: May be 3,333.33 tons (3,024 tonnes) if the ounces are Troy. There are 12 Troy ounces to a pound, not 16.

[This message has been edited by spark1 (edited 10-08-2011).]

And that show is on Netflix, starting it now. One of the few shows so far that I've looked for and been able to watch.

Brad

Edit: That show is on netflix, but not that episode. $%$#@!

Every time.

[This message has been edited by twofatguys (edited 10-08-2011).]

Brad, go to HistoryChannel.com. The video is playing on there, but I dont know for how long. It was on there a few minutes ago. Go go Brad Meltzer Decoded and click on 'video'.

quote Originally posted by Formula88: Yeah, but $15 Billion in gold bullion today is what, a couple pounds? It couldn't be moved out in bulk quietly, but slowly over time it could easily be done. Replace it with plated lead bricks as was mentioned and no one is the wiser unless you test each brick.

probably, but remember, that was 1964 when Goldfinger came out. Gold was $35/ounce back then. It is nearing $2000/ounce now. Just the same, why take it out?

the gold may or may not be there but it is important that it is because it is owned by the people of the united states and no tjust to government to blow as they please on cheap whores and cocaine..... anyways altho we may not be on a gold standard as it is anymore the fact remains that is a wealth of the country...if worst came to worse and the dollar colapsed it would be somethign to fall back on. new money could be issued using it as backing and so on.

as for the gold that is mined every year you have ot realized that is private industry mining it not the government. that gold is sold to jewlery stores electronic manufactures ect. and is not stored at fort knox. matter a fact does anyone know how the government came into possesstion of any gold to begin with? that kinda puzzles me now shor tof them buying it or capturing it.

quote Originally posted by Toddster: probably, but remember, that was 1964 when Goldfinger came out. Gold was $35/ounce back then. It is nearing $2000/ounce now. Just the same, why take it out?

To spend it, of course. Like government is going to sit on liquid assets and NOT try to find a way to spend them?
It's free money. Take out a bar, and use it for undercover payments of some kind. Replace it with a gold plated lead bar and no one ever notices it's gone. You could do that for years before running out. Sure the price has gone up, but the value hasn't changed as much. (that's why people hedge with gold in the first place)

quote Originally posted by Niterrorz: as for the gold that is mined every year you have ot realized that is private industry mining it not the government. that gold is sold to jewlery stores electronic manufactures ect. and is not stored at fort knox. matter a fact does anyone know how the government came into possesstion of any gold to begin with? that kinda puzzles me now shor tof them buying it or capturing it.

Executive Order 6102

quote Executive Order 6102 required U.S. citizens to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 per troy ounce. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both.

Gold Reserve Act

quote The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury. The Gold Reserve Act outlawed most private possession of gold, forcing individuals to sell it to the Treasury, after which it was stored in United States Bullion Depository at Fort Knox and other locations. The act also changed the nominal price of gold from $20.67 per troy ounce to $35. A year earlier, in 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 – gold certificates were again allowed for private investors on April 24, 1964, although the obligation to pay the certificate holder on demand in gold specie would not be honored. By 1975 Americans could again freely own and trade gold. The Gold Reserve Act authorized the Exchange Stabilization Fund to use such assets as were not needed for exchange market stabilization to deal in government securities. The Gold Reserve Act had economic ramifications far beyond national finance. At that time many contracts stipulated that their monetary terms could be demanded in gold. Such gold clauses were intended to protect against the United States devaluing the dollar. When the Emergency Banking Act of 1933 and the Gold Reserve Act of 1934 outlawed the use of gold such contracts became sources of controversy. In the gold clause case Norman vs. Baltimore & Ohio Railroad Co., 294 U.S. 240 (1935), the U.S. Supreme Court ruled that gold clauses were invalid. However, Congress later reinstated the option to use gold clauses for obligations (new contracts) issued after October 1977 in accordance with 31 U.S.C. § 5118(d)(2). The 2008 decision 216 Jamaica Avenue, LLC vs S&R Playhouse Realty Co.[1] established that gold clause in contracts signed before 1933 was only suspended not erased, and under certain limited circumstances might be reactivated.

Knowledge of history can be a powerful tool.

[This message has been edited by Formula88 (edited 10-08-2011).]

quote Originally posted by Cheever3000: As I recall, the last time it was opened up for members of Congress to verify the presence of gold was for exactly this same purpose - to dispel rumors that it was empty. They filmed their entrance to the vaults, and guess what... gold up to the ceilings. But then, it could have been filmed by the same people who filmed the fake moon landings, right?

That was something like 30 years ago.

Ya, if they had the same amount of gold in there, then the value reports submitted annually, should have reflected the new dollar value total. It should reflect the $30 to $2000 increase. If it shows the same dollar value, then large amounts of it have been removed because each ounce is worth so much more. If it was 30 billion dollars then, the report should say theres like trillions of dollars there now....unless somes been removed.

Does it really matter? We are not on the gold standard anyway. I figure that this gold pile was gone a long time ago.

[This message has been edited by R Runner (edited 10-08-2011).]

quote Originally posted by R Runner: Does it really matter? We are not on the gold standard anyway. I figure that this gold pile was gone a long time ago.

If everyone thinks the gold is there and suddenly finds out it's not, you don't think that might have an impact on the gold market specifically and stock market in general?
Your money may not be based on gold, but it's backed by the full faith and credit of the United States Government. If that faith and credit are damaged, what happens to your dollars?

quote Originally posted by Formula88: Knowledge of history can be a powerful tool.

ahhh yes now i remember thats when the GOV made owning gold illegal....but there is alot of gold bullon in fort knox is that all from that one collecting? i mean dont get me wrong i know there was alot of gold at that time along with people that trusted the government...or feared them more likely but damn.....thats alot of gold.

[This message has been edited by Niterrorz (edited 10-08-2011).]

London Gold Pool.

quote Originally posted by Formula88: To spend it of course... Knowledge of history can be a powerful tool.

It can, but it does not answer the first question.

Why?

Why spend gold when you can just print more paper money and tell everyone it has value?

quote Originally posted by Toddster: It can, but it does not answer the first question. Why? Why spend gold when you can just print more paper money and tell everyone it has value?

very good point.... i would say because im shur there are people whom know that the american dollar has no value and that they will only accept gold as payment or....the people that print the money are taking incase everyone else realizes that the dollar has no value.

quote Originally posted by Toddster: It can, but it does not answer the first question. Why? Why spend gold when you can just print more paper money and tell everyone it has value?

For things you don't want traceable. I would think serialized bills from a U.S. printing press would be more easily tracked than melted down gold.
CIA operations, perhaps? We know our government engages in clandestine operations that require funds, and that's just normal "secret" stuff.

I have no reason to suspect the gold is gone other than to think that the government has the ability to use it without us finding out if it wants to.

I'm sure as soon as the "occupy Wall St" crowd sees the program, they will add the "divying up" of it to their long list of demands.

very true...... i personally find gold about as valuble as diamonds....and that is completely worthless. i dont wear gold i dont use gold and diamonds are only good for tiping my sawblades. unfortunatly everyone else thinks that crap is worth something so the majority rules and it has value albiet its next to useless minus the above reasons, electronics ect. i would laugh if everyone or a majority of people decided the gold fad was over and its price plumited lol glenn beck would be out on his rear end if that was the case :-P

Slightly off topic, but related, did you know that until recently the Federal reserve had NEVER been audited ? Ever?
Even during the Regan/ Bush years, nobody cared.
Thanks to senators (and BFFs) Ron Paul and Alan Grayson, a bill was passed making that audit happen.
http://www.unelected.org/au...n-in-secret-bailouts


http://www.lewrockwell.com/paul/paul608.html
http://www.ronpaul.com/cong...ral-reserve-hr-1207/
http://herringpost.blogspot...federal-reserve.html

Maybe when Alan Grayson is back in the senate, he and Senator Paul can tackle some more government waste and cronyism. And Ft. Knox!
(Yes, he'll be back, but thats for another thread.)

quote In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter. The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal. The amendment expressly blocks Congress from interfering with the independence of monetary policy decision-making, but opponents of the measure said that the political pressure would inevitably follow. http://www.huffingtonpost.c...-audit_n_364546.html

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Drive safely!

[This message has been edited by NEPTUNE (edited 10-09-2011).]

Why was there so much gold and silver in the basement of the World Trade Center? Why is the largest accumulation of gold on earth located at the Federal Reserve Bank in New York City?

quote Originally posted by maryjane: I'm sure as soon as the "occupy Wall St" crowd sees the program, they will add the "divying up" of it to their long list of demands.

Now that id like to see: A protest at fort knox . Would be entertaining TV as they are hauled away screaming. Of cousre you cant film anywhere near the place so we wouldn't get to see it

..The democrats wanted gold under there control & passed a law making it illegal for U.S. citizens to own gold !!this is where a lot of the gold comes from in Ft Knox.. It is simple the democrats stole the gold using thier law enforcement powers ,in the 1930s.at worst they called it confiscate.imagine if bush had tryed this But socialist did it with the usual democrat totalitarian outlook..
most republicans turned in there gold(morons) a lot of democrats hid thier gold & even Today some extremely valuble stash turns up..Republicans are more likely to obey the law.but it was stupid to turn it in..
..Wealthy republicans were threatened with jail to make them cough up
the goverment also had some gold from tarriffs taxes ect,,but stealing is normally how democrats get there money .This is when the democrats started the road to marxism..confiscate ,legal action.share I keep mine you give me part of yours !democrat mantra//
,,cheap whores, cocaine, wild living is a good use of your tax money compared to what democrats usually do $$1,500,000,000 has gone to democrat contributors, if the democrat are snorting coke in a room full of hi dollar whores,gambling,sending photos/fax, of thier male unit,puting money in freezer, your money is safer than if they are in the capitol building,shoveling money to unions & criminal democrat contributors & selling guns to narco terrs
truth is stranger than fiction

[This message has been edited by uhlanstan (edited 10-09-2011).]

quote Originally posted by spark1: Why was there so much gold and silver in the basement of the World Trade Center? Why is the largest accumulation of gold on earth located at the Federal Reserve Bank in New York City?

Just a guess, but it might have had something to do with it being a hub for global trade.

The government could use it to spend with foreign countries that dont want our dollars. Gold speaks to everyone. Paper is just pretty paper without anything to back it up.

The gold,silver & other valuables in the basement of the world trade center wes the property of various banks, investment companies ,Countries like Kuwait,millionairs & other assorted riff raff who needed millions in Gold stored..
..supposely there are billions missing but this is mostly conspiracy theory
there were empty vaults & the rumours about theft from these empty vaults is with out substance,, the kinda stuff wackos like Jesse Ventura & Ron Paul promote

quote Originally posted by uhlanstan: The gold,silver & other valuables in the basement of the world trade center wes the property of various banks, investment companies ,Countries like Kuwait,millionairs & other assorted riff raff who needed millions in Gold stored.. ..supposely there are billions missing but this is mostly conspiracy theory there were empty vaults & the rumours about theft from these empty vaults is with out substance,, the kinda stuff wackos like Jesse Ventura & Ron Paul promote

i dunno it happened in die hard with a vengence so....if it happened in a movie its gotta be real right?!!!!

quote Originally posted by rogergarrison: Brad, go to HistoryChannel.com. The video is playing on there, but I dont know for how long. It was on there a few minutes ago. Go go Brad Meltzer Decoded and click on 'video'.

Thanks.

Man, I don't mind commercials on online shows, I welcome them even since it pays for the content. BUT THEY DON'T NEED TO HAVE THE VOLUME ALL THE WAY UP FOR COMMERCIALS, especially when the show is half as loud.

Brad