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What's many years?? Two? Ten? Forty?
Amount of present gold holdings: 147.3 million ounces.
The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
So in just 4 years they moved 649.6 million ounces of gold there originally. And in "many years," they have removed "very small quantities" of 502.3 Million ounces of gold.
The Depository opened in 1937; the first gold was moved to the depository in January that year. Highest gold holdings this century: 649.6 million ounces (December 31, 1941)
How would we know that they have 147.3 million ounces at the present moment? Let alone ever had the original 649.6 million ounces? The base is classified.
The Depository is a classified facility. No visitors are permitted, and no exceptions are made.
reply to post by Sremmos80
And you believe this because some idiots in this forum have established this as the truth. Nice independent research.
You are the people that would invest in shares on the basis of popular sentiment then cry about them losing value. It's called research.
So basically, ATS (specifically those buying gold), why are you dumb and why don't you do your own research instead of listening to people like Alex Jones? Is it because you hate money? Please explain.
My issue with hoarding it? IF there is a monetary collapse,what would you sell it for in exchange? Food,worthless dollars,what? If gold were ever to hit 10,000 an oz,who could buy it?
In a margin account, the cash and securities in your account act as collateral for a line of credit that you take out from the brokerage in order to...
Fun fact: an ounce of silver today will buy you roughly the same amount of gas as an ounce of silver would in 1963. You certainly couldn't say that about a dollar.
If there was ever a full audit of the Federal Reserve Bank and a full audit of the gold in Ft. Knox, gold could easily hit $10,000 an ounce, or more. Then the question wouldn't be, "Who can afford to buy an ounce of gold for $10,000?" The question would be, "Who can afford to buy a loaf of bread for $1,000?"