from Investment Watch Blog:
This is big. Really, really big.:
According to the World Bank: Total reserves (includes gold, current US$)
World bank values gold at Year-end London fix. In 2011, that was $1,531 / Oz.
The Federal Reserve says there is 241,000,000 ounces of gold in Fort Knox (& associated vaults)… That would value the gold at $368 Billion in 2011.
In 2012, the year-end price was $1,657 yet the reserves FELL to only $139 Billion.
Please follow SGT Report on Twitter & help share the message.