Ft. Knox

[BlueSky]

There's talk here in the U.S. that the gold being stored in Ft. Knox is nowhere near as much as the country had thought not having been actually inventoried for about 50 years. What impact, if any, would there be on the spot price of gold if there was nothing left in Ft. Knox?

 

[pmbug]

If it were verified that Ft. Knox didn't have the gold, or an audit indicated that it was all encumbered and no longer owned by the US Treasury, I'm pretty sure it would cause immediate weakness in the USD and a sharp rise in gold spot. $.02

 

[BlueSky]

Agreed.

 

[SilverSurfer]