A short time ago I relayed a favorite joke about Fort Knox. In the joke, there is no gold left in Fort Knox.
But is there really?
Today, GATA (Gold Anti-Trust Action committee), publishes a full page ad in the Wall Street Journal asking that very question.
There has been no audit of Gold in Fort Knox since the Eisenhower administration (the 1950’s, in case you don’t remember Ike).
Additionally, if there is Gold there, how much has been compromised by leases, swaps, and any and all other encumbrances? (Effectively making it “not there”.)