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Well, since it's a store of value for the American people how about just sending all the gold to the mints and send every American a coin. Let us store our own value.
That is a good idea!Well, since it's a store of value for the American people how about just sending all the gold to the mints and send every American a coin. Let us store our own value.
It would be LIKELY there were a bunch of handwritten IOUs in place of the gold.
So what would be the actual real-World ramifications of that, were it to be true?It would be funny if there were a bunch of handwritten IOUs in place of the gold.
That may in fact be true.IOU's are exactly what is in there. A vault full of paper, dust, and mouse shit.
I would be surprised if there was even one 400 ounce good delivery bar still remaining.
On Monday, Paul spent one or two hours inside the Fort Knox gold depository and boldly proclaimed, “Yes, the gold is there, all (approximately) 147 million ounces. It is impressive.""I haven't. People on my staff have. The treasurer has been to Fort Knox, and I'm happy to say all gold is present and accounted for."
Rand Paul Becomes a Pawn in Fort Knox Gold Audit Debate
Sen. Rand Paul has become Treasury Secretary Scott Bessent’s pawn.
A few weeks ago, Bessent insisted all the gold is in the vaults at Fort Knox.
On Monday, Paul spent one or two hours inside the Fort Knox gold depository and boldly proclaimed, “Yes, the gold is there, all (approximately) 147 million ounces. It is impressive."
With all due respect, Sen. Paul, it is absolutely impossible for you to make that statement after wandering around inside a vault for a few hours. My goodness!
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