All4One
Whatever; but in the absence of YOUR FIGURES from a VERIFIABLE SOURCE,
I choose to stick with what's been released on public forum.
And from https://www.bullionstar.com/blogs/ronan-manly/us-gold-reserves-immense-interest-russia-china/
an admission:
The US Government claims to hold 8133.5 tonnes of physical gold in its official reserves. However its impossible to verify this number because the entire story around the US gold reserves is opaque and secretive. Therefore, it’s impossible to say how much, or how little, physical gold the US actually has. This is so because there has never been a full independent audit of the US gold reserves, and the custodians of the gold (the US Mint and the Federal Reserve of New York) will not let anybody into the vaults to view the gold or to count it.
Even the details that have been provided on the supposed US gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to industry standard ‘Good Delivery” gold bar specifications.
The US Government gold reserves are held in the name of the US Treasury and are supposedly held in Fort Knox, Kentucky, and West Point, New York, and in the US Mint in Denver. And further small amount of US Treasury gold (5%) is supposedly held in the vaults of the Federal Reserve bank of New York (FRBNY). The US Treasury reports on this gold in a monthly report called “
”.
Of the 8133.5 tonnes, this means, based on the official reporting, that:
Afur ther 1% of the US gold reserves are listed by the US Treasury as being in working stock of the US Mint (a figure which never changes), which is 86 tonnes (or 2,783,218 ounces). This working stock probably represents a loan of gold that the US Mint took from the gold stock, that is now a liability of the US Mint to the US Treasury. So overall, 7629 tonnes of the gold is supposedly held between Fort Knox, West Point and Denver, and these holdings are said to be held over 42 gold storage compartments.
- 58% is allocated to Fort Knox, Kentucky: 4583 tonnes
- 20% is allocated to West Point, New York State: 1682 tonnes
- 16% is allocated to US Mint Denver, Colorado: 1364 tonnes
- 5% is allocated to the NYFED: 418 tonnes
https://www.bullionstar.com/blogs/ronan-manly/us-gold-reserves-immense-interest-russia-china/
No need to do retreads of same swills of gold dust; US is acknowledged as the biggest so far!
Cheers,
- Forums
- World Events
- ' Europe Is Burning ' ..... by Raúl Ilargi Meijer
' Europe Is Burning ' ..... by Raúl Ilargi Meijer, page-7
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)