Mostly opinion, littered with fact and theory...
Ft Knox houses alot of gold reserves... Or is suppose to.
The Federal Govt has not let the public or press see inside since I believe the mid 70's.
Now, we as a nation are broke. Lets face facts. If we are borrowing money from other nations, some of which are not really friendly to our interests,
ie China... Why would they lend us money on a Treasury Note? WOuldnt they want some form of tangible collateral? I would.
Now, lets go a step further... If we as a nation are broke, and the world knows it... Wouldnt these lender nations want to call that debt?
When a bank calls a debt, or any lender really, they do what? They come for their goods or property.
If we are broke... What did we 'promise' them, and if we default, what goes down?
Mineral rights? Property and land rights? Maybe some gold reserves?
Germany is going broke paying France in gold, the UK under G. Brown sold off a major hunk of their gold reserves for a song, and the US is borrowing
money at break neck pace and putting up as collateral GOD knows what, and China... What about Chinas gold?
Theres a round about number of 158,000 tones of gold in our world mined as of 07. Now, Im sure more has been mined, but guess what, even if America
owned it all, it wouldnt cover our national debt as it sits right now.
So I ask ATSers, WHERES THE GOLD?
I want the gold!!!
(The above link is just for effect, but you get the point of this post hopefully)
[edit on 25-5-2010 by Goethe]