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re: Trump admin discussing auditing Fort Knox gold reserves

Posted on 2/16/25 at 6:53 pm to
Posted by Hangit
The Green Swamp
Member since Aug 2014
45571 posts
Posted on 2/16/25 at 6:53 pm to
quote:

The amount of gold in private hands in countries like India and China dwarfs the US gold stores




Posted by AURulz1
Member since May 2022
522 posts
Posted on 2/16/25 at 7:32 pm to
Where the hell is England?
Posted by Wednesday
Member since Aug 2017
17008 posts
Posted on 2/16/25 at 8:11 pm to
If the next step is gold standard we are on the road to recovery.

At some point one of you Ron Paul Baws and I discussed the Federal Reserve and so I read End the Fed, and drank the Kool Aid.

Elon appears also to be a believer.

Let the River Run Baws. This is a very good sign
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
80392 posts
Posted on 2/16/25 at 8:15 pm to
quote:

Why wouldn’t we have melted it down and made a new bar with a different stamp


It's worth more with the Nazi stamp.
Posted by FieldEngineer
Member since Jan 2015
2628 posts
Posted on 2/16/25 at 8:20 pm to
quote:

If the next step is gold standard we are on the road to recovery.


Explain like I’m five. If I have a million bucks today and we change to a currency backed by gold, what does that look like?
Posted by Wednesday
Member since Aug 2017
17008 posts
Posted on 2/16/25 at 8:52 pm to
You have a million dollars that appreciates in value depending on the gold standard, plus you earn interest / returns depending on where your gold is invested
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
48984 posts
Posted on 2/16/25 at 8:58 pm to
quote:

This is why they don’t want an audit of Fort Knox. It’s filled with stacks of this:



If they ever had that it has long ago been melted down
Posted by Hangit
The Green Swamp
Member since Aug 2014
45571 posts
Posted on 2/17/25 at 3:25 pm to
At 310,29 tones, they didn't sniff the top 10.

The royals have been gathering it up in the familial stash for a long-damned time. That would be their personal wealth and has never been truthfully publicized as the amount would surely cause riots.
Posted by Loserman
Member since Sep 2007
23057 posts
Posted on 2/17/25 at 7:39 pm to
Did you miss the part where India has around 3 times the US’s gold reserves in private hands.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19708 posts
Posted on 2/17/25 at 11:00 pm to
Gordon Brown sold theirs.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19708 posts
Posted on 2/17/25 at 11:01 pm to
Private hands, not central banks. Hindu temples alone are legendary for gold holdings.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
19708 posts
Posted on 2/17/25 at 11:02 pm to
I failed to see your point.
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