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Are the gold bars in Fort Knox really made of the precious metal? Or has the U.S. government secretly sold off the nation's stockpile and replaced it with metal bars that are only painted gold?
Ron Paul wants to find out.
Giving legitimacy to an Internet conspiracy theory that the gold in Fort Knox is fake, the iconoclast Republican congressman from Texas has asked adminstration officials to audit the purity of the nation's 700,000 gold bars held in Fort Knox, according to an internal Treasury document obtained by CNBC.
Paul, a presidential candidate who chairs the House's subcommittee on Domestic Monetary Policy, had previously called for the U.S. gold reserve to be counted and for a return to the gold standard. He now appears to be going a step further in his request that representatives from the U.S. Treasury Department and the U.S. Mint testify at a subcommittee hearing on June 23 about the authenticity of the nation's gold.
Originally posted by OptimusSubprime
reply to post by RUSSO
It does seem that Ron Paul is the ONLY one in DC that gives a damn. In today's political climate, I can't see how he stands a chance of getting elected, although I hope that I am wrong. I feel his efforts to inspect the gold at Ft. Knox are all in vain because there are some pretty powerful and influential forces that control the gold, and it goes way above little Timmy Geithner and Bernanke. They are just puppets that serve the same masters... although I am sure that you are well aware of that. At least Ron Paul is trying, and it doesn't look like he will shut up or stand down, and that makes me fear for his safety.
Originally posted by star in a jar
The big question is... Where is all that gold? If the theory of the Annunaki is correct then most of that gold is off-world
Hope this isn't off topic but saw a thread on another forum where someone said, what were we going to do if 'they' came for the gold and there weren't any more gold.
Originally posted by Scoriada
Originally posted by galactictuan
I want to marry Ron Paul!
I like RP but I don't see how finding out that the gold is fake will do anything to help our country. This would just piss off the entire world that owns dollars. Am I mistaken here?
Originally posted by Animus974
I have seen an article on Nexus a few month ago about that very issue.
I'll get back to u with links if I can (and remember), but in a nutshell it is about gold plated metal having the roughly the same atomic weight of gold (get the peeriodic table out !!) and for heaps cheaper. I very clearly remeber a graphic showing a highly unusual peak in gold stocks, whereas production and mining didn't actually follow the trend.
So not only the gold wouldn't be here, but what is would be worthless !
Originally posted by kro32
Congress asked about this in the 70's and a few of them along with reporters were allowed into the vaults to inspect all the gold. We watched the video of it in history class one day.
Also there isn't enough gold in the world to back all the money in the economy so putting us on the gold standard means you have to figure out how to take the difference between what's in the economy and the amount of gold we have to back it and decide how your gonna pull that much money out of circulation without crashing Americas economic system.
Ron Paul cited this audit of over 50 years ago as the “only one decent audit done”; however, Chris Weber from LewRockwell.com summarized the various problems with that audit as follows:
1.��� Representatives of the audited group were allowed to make the rules governing the audit. No outside private experts were allowed.
2.��� Those government bureaucrats involved were inexperienced in their tasks, by their own admission.
3.��� The entire audit of the largest gold hoard ever concentrated in history lasted only seven days.
4.��� Only a fraction of the gold was actually tested for purity. Later, the officials put this fraction at just 5 percent.
5.��� Based on that fraction, the official committee reported that, in their opinion, all the holdings would have matched their records if they'd all been tested.
6.��� If the audit was accurate, the fact remains that almost 80 percent of the gold went overseas in the coming years. If the audit was not accurate, the amount of gold lost could have been even more.
Originally posted by ThichHeaded
There have only been 2 times in history where crews were allowed in fort knox to show we had gold.
I believe the last time there was anyone public in there was over 30 yrs ago.. Go figure.. The gold of the american people cant be seen by us.. Interesting that.
Originally posted by Pervius
Ron Paul knows Fort Knox is empty. He's probably part of the planning group plotting to start a war in the Pacific to take China's Gold. Poor chinese.....they're going to get SLAUGHTERED. Cooked inside their homes.