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World Bank Smoking Gun: ALL GOLD IN FORT KNOX IS LEASED ( & Is No Longer Included In Reserves…..)

from Investment Watch Blog:

This is big. Really, really big.:

According to the World Bank: Total reserves (includes gold, current US$)

United States
294,045,678,447 (2008)
404,098,902,069 (2009)
488,928,295,253 (2010)
537,267,272,428 (2011)
139,133,877,266 (2012)

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.

Read More @ Investmentwatchblog.com

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3 comments to World Bank Smoking Gun: ALL GOLD IN FORT KNOX IS LEASED ( & Is No Longer Included In Reserves…..)

  • NX

    OPEN THE VAULT AND….. CRICKET,CRICKET,CRICKET…

  • Upstart

    ‘That would value the gold at $368 Billion in 2011’

    LOL, I remeber the days when that used to be a LOT of money – now it can be created at the touch of button (and is).

    With the ‘official’ figures of $85 billion a month being created out of thin air, thats just 4 months of printing.

    Unofficial figures/estimates of printed Dollars for internation use would cover that figure in just a few weeks (a few days if all those ‘special’ Dollar bills printed by the Chinese are added too).

    What an absolute joke.

  • johns

    Well I’ll be damned. Get a load of that. IT’S NOT THERE.

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