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Crazy Fact About Fort Knox Gold.

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Marve65's Avatar
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 Posted 02/20/2025  5:54 pm Show Profile   Bookmark this topic Add Marve65 to your friends list Get a Link to this Message Number of Subscribers
Reading about the possible audit of Fort Knox's Gold supply and found this amazing fact I did not know.........

Gold at Fort Knox is Valued at $42 per Ounce - The U.S. Treasury still lists its gold holdings at a 1973 price of $42.22 per ounce, even though gold is trading near $3,000 today. If an audit forces a revaluation, the implications for gold's role in the financial system could be massive..
The Last Fort Knox Inspection Was in 2017 - Before that, only two other public visits occurred: one in 1974 and one in 1943. Conspiracy theories questioning how much gold is truly inside have been around for decades

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Tunnioc's Avatar
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 Posted 02/20/2025  6:46 pm  Show Profile   Bookmark this reply Add Tunnioc to your friends list Get a Link to this Reply
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MrPink2018's Avatar
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 Posted 02/20/2025  8:11 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list Get a Link to this Reply
i didn't know that either, Marve65, until a few days ago. I've been tuning in to various podcasts for the past week or so listening to people talking about a potential audit of the alleged Ft. Knox gold and I've heard the mentions of past audits & the current $42/oz. valuation. it's been informative & entertaining.
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MrPink2018's Avatar
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 Posted 02/20/2025  8:21 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list Get a Link to this Reply
that was an interesting read, Tunnioc. thanks for posting that.
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Marve65's Avatar
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 Posted 02/21/2025  3:37 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Yeah, that's crazy about the US valuing the gold at 42$ per ounce - wonder if they'd like to sell a few hundred ounces!
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Freespeech57's Avatar
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 Posted 02/21/2025  6:36 pm  Show Profile   Bookmark this reply Add Freespeech57 to your friends list Get a Link to this Reply
The "Book Value" of $42.00 is for accounting purposes. Given the fluctuations in PM values, a different value is only relevant upon sale. The quantity of gold in storage at Fort Knox and West Point is what matters, one can then calculate "value" at any given time using PM spot prices.
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 Posted 03/05/2025  12:15 am  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
Government has always borrowed just on its word. Updating undervalued assets on your balance sheet solves nothing. If anything it just gives them an excuse to borrow more.
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TNHighwayman's Avatar
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 Posted 03/23/2025  4:15 pm  Show Profile   Bookmark this reply Add TNHighwayman to your friends list Get a Link to this Reply
I heard an analyst state that even if the gold was revalued at $3000/oz, it would only cover several months on the INTEREST ALONE on the National debt. That's how indebted this country is to the Fed Reserve.
Edited by TNHighwayman
03/23/2025 4:16 pm
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jbuck's Avatar
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 Posted 03/24/2025  09:24 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
It also demonstrates how useless going back to a gold standard would be.
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Brandmeister's Avatar
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 Posted 03/24/2025  12:14 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
Gold and silver have only ever been mediums of exchange. There has probably never been a culture on Earth where a government's gold reserves were even close to the nation's transactional GDP.
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jbuck's Avatar
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 Posted 03/24/2025  12:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
There has probably never been a culture on Earth where a government's gold reserves were even close to the nation's transactional GDP.
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