U.S. Representative Ron Paul, known for wanting to audit the Federal Reserve, now promises to try to find out if there is gold in Fort Knox by introducing a bill for an audit after the Labor Day recess.
Perhaps more importantly than is there gold in Fort Knox is the question of whether any of that gold is obligated, which Dr. Paul’s bill will also seek to learn.
Finding out if the gold (if there be any) in Fort Knox is obligated is crucial since possession of the gold is irrelevant if the gold has been leased out or otherwise had its ownership disconnected from the American People.
It’s sort of like a person living in a million dollar home and having everyone think he is rich, only to find out that a bank holds a million dollar mortgage on the home; the equity then becomes zero. (We won’t go into the fact that in today’s real estate market the “owner” would likely be well under water with the mortgage and the bank in big trouble on the loan!)
Most critics of organizations like GATA who have claimed there is no government intervention to suppress the price of gold and silver have finally come around to the realization that no only does it happen, it is blatantly obvious.
Selling or “obligating” the gold in Fort Knox is a reasonable expectation under the circumstances. What really makes many like myself angry is that certain large banks are allowed the exclusive ability to profit hugely from the manipulation.
Find out how best you as an individual might profit from gold and silver price appreciation despite government manipulation here.