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1 Fort Knox on Mon Feb 16, 2009 10:56 pm

gypsy


Moderator
Is there any gold in fort knox and if there is does anyone know how much and who it belongs to?

Answer

Short answer: The treasury estimates 147.6 million ounces of gold are held at Fort Knox. The US government owns it. Both of those answers are controversial.


Long answer:

In 1933, the US government, on order of President Roosevelt, undertook to confiscate most of the gold owned by US citizens and exchange it for paper dollars within two weeks. Safety deposit boxes and vaults were sealed. Subsequently, US citizens were not allowed to own most forms of gold. The paper dollars were soon worth far less than the gold they were traded for. If that action is considered legal, the US government now owns the gold in Fort Knox. The vault was used to hold the treasure beginning in 1937. Before World War II, there were 649.6 million ounces of gold in Fort Knox. The treasury now estimates that only 147.6 million ounces remain. However, the gold has not been inventoried since the 1950's. Some believe there is far less gold in Fort Knox. In 1971, the US abandoned the last remnants of the gold standard. US dollars are now fiat currency, not backed by gold or any other commodity.

2 Re: Fort Knox on Mon Feb 16, 2009 11:06 pm

gypsy


Moderator
Wow government thievery started a long time ago, wonder where the missing Gold is?

3 Re: Fort Knox on Tue Feb 17, 2009 12:13 am

rosco 357


Veteran
i think indiana jones is making a movie about it, , wait for the movie,

4 Re: Fort Knox on Tue Feb 17, 2009 12:16 am

gypsy


Moderator
I think that will be a good movie.. Harrison Ford playing Indiana?

5 Re: Fort Knox on Tue Feb 17, 2009 12:18 am

rosco 357


Veteran
well it would but i was teasing, lol, but not a bad idea huh??

6 Re: Fort Knox on Tue Feb 17, 2009 12:21 am

gypsy


Moderator
haha lets write the script,I can do the research LOL

7 Re: Fort Knox on Tue Feb 17, 2009 12:21 am

rosco 357


Veteran
i bet them damn democrates got most all that gold, , a good topic to study,

8 Re: Fort Knox on Tue Feb 17, 2009 12:24 am

gypsy


Moderator
I bet not LOL
hey i love the movies with Nicholas Cage, National Treasure!!

9 Re: Fort Knox Today at 4:54 am

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