Swiss Institutions Ask: Where's the Gold?

“He who owns the gold makes the rules.” ~ An old adage

Have you ever wondered what would happen if most of the claimed US gold reserves do not really exist? Can Washington continue to operate under its own questionable and often non-existent accounting rules if it doesn’t have the gold reserves as promised? Should we worry about the old idiom, “When the chickens come home to roost” when a person, entity or a government pays dearly for a mistake or something bad they have done in the distant past?

Well, the gold has to be somewhere but what if it is in France, Germany and Switzerland rather than in Fort Knox? The price of gold probably wouldn’t change much except in dollars which would likely dramatically fall in value as would US Treasury obligations. While the monetary elites and their central banks might prefer to keep the question under wraps, American citizens and foreign holders of dollars and US debt deserve the same full disclosure and transparency as required in the private sector.

Congressman Ron Paul Questions Whether There’s Gold at Fort Knox and the NY Fed.

Quoting from The Hill website, “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.”

Is Washington Still # 1 In Gold Reserves?

Most of the 8,965 tons of gold is supposed to be at Fort Knox and valued at over $350 billion dollars but is this still true today? First the gold hasn’t really been audited since the Eisenhower Administration. Although a spokesman for the US Treasury recently stated US gold holdings are audited every year by the Treasury’s Office of Inspector General, I fear this is more like the internal audits of Fannie Mae or the supposed audits of Madoff, AIG and Enron.

The Swiss well remember the calls for an audit of Fort Knox made after the 1974 Nixon impeachment following the 1971 Nixon Shock. This action unilaterally closed the gold window and ripped off the nation of Switzerland but the “fake audit” was little more than a photo opportunity designed for home consumption in the United States.

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