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Decoded: Is there Any Gold in Fort Knox?

October 12, 2011 Leave a comment Go to comments

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In 1933, U.S. President Franklin D. Roosevelt outlawed the private ownership of gold by American citizens, forcing them to sell any gold bullion in excess of $100 to the Federal Reserve at $20.67 per troy ounce. To store the huge stockpile of confiscated gold, the US Treasury built the United States Bullion Depository at Fort Knox, Kentucky, in 1936. This vault has a 25″ thick casing with a 21″ vault door made of the latest torch and drill resistant material weighing 20 tons.

There must be something very valuable in there to justify this level of security.  Official records say there’s 4,577 metric tons (147.2 million oz. troy) of gold bullion worth over $200 billion at current prices. Of late however, there’s an increasing number of respectable people questioning the notion that the stated amount of gold is actually still there, and if so, that it remains unencumbered.

In this History Channel documentary Decoded, Brad Meltzer attempts to answer the question “Is there any gold in Fort Knox?”. Featuring interviews with notable figures like Chris Powell of GATA,  Law Professor Kevin Goldberg, Senator Dee Huddleston, former US Senator of Kentucky and many more, it’s an eye opener.

Part 1 “What if I told you that Fort Knox is empty.The last time anyone was allowed inside was in 1974. Many experts today believe the soilders stationed here are protecting absolutely nothing.They point to numerous theories to explain their believes.., but if you tell me that no one’s been allowed to see this gold since 1974, I want to know if it’s there and I want to know what else is inside. It is time to decode Fort Knox.”

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Part 2 Craig Hulet, a returning veteran charged with issuing weapons to guards at Fort Knox was told by his Officer In Charge not to issue any ammunition because there was no gold inside. As for potential armed intruders - there’s a policy of “Let them in and zip them up”.A Financial Engineer from Princeton who spoke on condition of anonymity discusses the implications of an empty Fort Knox. He compares his work on financial derivatives at Wall Street to the Manhattan Project.

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Part 3--

Is there Gold in Fort Knox?

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  1. Anonymous
    January 27, 2012 at 2:40 AM | #1

    very helpful thanks

  2. Ben Goldstein
    August 30, 2012 at 2:52 AM | #2

    This will shake up not only the USA, but the world. Even if, if the gold in Ft Knox was the stated 200 billion, that’s a drop in the bucket compare to the 16 trillion dollar debt we have under Obama, the illegal presidunce sitting in OUR oval office. WTF is wrong with America to elect such a charlatan, a person who got everything from the Federal government, and has never had a real job in his life. We’re in deep shiite here folks! This will make the depression look like child’s play. The food shortage will be extraordinary, since only 4% of people are now involved in farming, compared to the 40% of the 30′s depression. The food riots will likely cause a civil war, or at least tribal if not medieval insurrection.

  3. Ben Goldstein
    August 30, 2012 at 3:04 AM | #3

    Oh yes, I suspect there are readers who will claim equal party representation caused this fiasco, but they are ignorant, stupid or blind to the Democrat Party tactics which are the root evil cause of all of this. The Democrat Party socialists started this with the housing issues, long ago initiated by Jimmy Peanut Carter, the man who got the “community reinvestment act” of 1977. That began the stupid idea of MAKING lending institutions tolerate loans from the indolent, the bad credit riskings minorities, and others who couldn’t read the loan contracts. WTF does anybody with a brain think that ALL people should be entitled to a big house? I rented for decades, loans used to require some 20% down, and poor credit risks were turned away. But since that time loans were made to anyone with a pulse. Barney Frank and Chris Dodd extended this to ever more and Fannie Mae and Freddie Mac, as quasi-government agencies, allowed trillions to back up these cretins. Wall Street firms always made money on these and for awhile the derivatives, since the Fed was backing up these specious loans. It has been a domino effect ever since. Couple that with entitlement spending and you have a budget skyrocket. Since these parasites produce nothing, we have a factitious GDP. This Democrat economic illusiong permited people to get money they never earned, given to people who produce NOTHING of value. There is a reckoning to come, and it will be so damn ugly that we will have cause the world the greatest economic illness since the Black Plague. May God help us!

  1. October 15, 2011 at 4:50 PM | #1

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