Who Owns the Gold?

Who Owns the Gold?

With people calling for an audit of the US gold stores at Fort Knox, perhaps we should remember how that gold got there in the first place. Franklin Roosevelt‘s

Fort Knox houses 56% of U.S. gold and 12.9% of the world's gold, but detailed physical audits have been rare. No comprehensive audit has been conducted since 1953, raising questions about the authenticity of the gold stored there. The post "Fort Knox Gold: Audits and Their Impact on Trust" first appeared on Valuetainment.

In a development that has stunned financial institutions, national security agencies and the global commodity market, Fort Knox reported a "massive inventory discrepancy" in its gold reserves after a scheduled audit by the Treasury earlier this week. Although no theft has been officially confirmed, insiders say that a significant part of the gold reserves seems to be missing or at least cannot be detected by conventional means. Monitoring data s…