Any gold inside Fort Knox the world's most secure vault?

• AndrewPKYap

  29 Mar 09, 06:21

   

  From The Times

  March 28, 2009

  Is there any gold inside Fort Knox, the world's most secure vault?

  Chris Ayres in Los Angeles

  It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base and watched over day and night by army units with tanks, heavy artillery and Apache helicopter gunships at their disposal.

  Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible and Magna Carta.

  For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it. 

   

   

• AndrewPKYap

  29 Mar 09, 06:23

   

  This part is good....

   

  A month after President Nixon resigned over the Watergate affair Congress demanded to inspect the contents of Fort Knox but the trip to Kentucky was dismissed by critics as a photo opportunity. Three years earlier Mr Nixon brought an end to the gold standard when France and Switzerland demanded to redeem their dollar holdings for gold amid the soaring cost of the Vietnam War.

  Many gold investors suspect that the US has periodically attempted to flood the market with Fort Knox gold to keep prices low and the dollar high - perhaps through international swap agreements with other central banks - but facts remain scarce and the US Treasury denies that any such meddling has gone on for at least the past decade.

   

   

• AndrewPKYap

  29 Mar 09, 06:24

   

  This part is even better...

   

  "Three years earlier Mr Nixon brought an end to the gold standard when France and Switzerland demanded to redeem their dollar holdings for gold amid the soaring cost of the Vietnam War."

   

• AndrewPKYap

  29 Mar 09, 06:27

   

  Now China, Japan, and Singapore are the suckers that are holding US Dollars and they can't even demand "to redeem their dollar holdings for gold"

   

• lookslikegod

  29 Mar 09, 11:39

  so u are just quoting, and none of the whole text includes your personal opinions? wow. a useful thread.

• mancha

  29 Mar 09, 13:08

  Originally posted by lookslikegod:

  so u are just quoting, and none of the whole text includes your personal opinions? wow. a useful thread.

  You should get to know Andrew better.

  The writing is on the wall.

  or rather the monitor.

• AndrewPKYap

  29 Mar 09, 21:52

  Originally posted by lookslikegod:

  so u are just quoting, and none of the whole text includes your personal opinions? wow. a useful thread.

  
  

  ...and do I see that your post is full of your opinions relevant to the topic?

  ..... 

• AndrewPKYap

  29 Mar 09, 22:30

   

  So if the USA does not even have gold in "Fort Knox" then if the idiots holding US debt in the trillions decide that they want to hold gold instead of US dollars, what do you think will happen to the price of gold, since they cannot demand it from the US (and the US, if this report is true, does not even have the gold)  and have to buy it in the open market?

   

   

   

• Worldlybusinessman

  30 Mar 09, 10:56

  its shown in Die hard 3. the crooks will break into this vault to raid the gold and bruce willis stops them.