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No Gold In Fort Knox? Brad Meltzer's Decoded on History Channel

Brad Meltzer's Decoded: Fort Knox

The gold at Fort Knox is protected by some of the tightest security in the world, but what if there's nothing there to guard at all? Brad and his team investigate a rumor that some think could damage the American economy.


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Rerun on 12/14/2012

Yay Ron Paul. new episode tonight on Mayan Calendar.

"A great civilization is not conquered from without until it has destroyed itself within" W. Durant

Ron Paul quoted

Ron Paul is quoted in the third segment.

I don't understand what difference it makes whether the gold is there or not regarding the dollar. The dollar is not backed by the gold, anyway.

If it was "stolen" then that proves what about politicians? Something we didn't already know?

I wouldn't mind if the federal government just declared bankruptcy. The states could provide defense.

What do you think? http://consequeries.com/

This show is a joke

Jim Rickards recently on KWN said approx. 4000 tons is in fort knox and 4000 tons is in West Point. When asked who owns the gold, he said: technically the Treasury but possession is 9/10th of the law so the military owns the gold.I encourage you to find that interview. It was about 4 or 5 back.

You are missing the point

The people who believe they own the gold, i.e. the citizens, are being misled about its whereabouts, quantities, lease obligations, swaps, etc.

I know well what Jim Rickards says and he also says these things based on government reports and figures and knows they are most likely intentionally incorrect. He knows how important the gold secrecy is to governments and central banks globally.

This show brings to light questions the public should have and is afraid to ask. Also it reaches a main stream audience and demonstrates how secretive the government is about public issues.

Don't be so narrow minded.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

Simple Mind

If you believe you know better than Jim Rickards, you are sorely mistaken.

I watched the Bilderberg episode where the 'investigators' concluded that these men have a right to secrecy if they choose and that there probably is nothing nefarious going on. The woman was so terrified by being locked up for trespassing she was expressing a sort of Stockholm Syndrome it seemed.

This program has the exact opposite effect of what it is you believe. It raises concerns and then lulls the sheeple back to sleep because there 'is nothing to see here so move along.'

Don't be so simple minded.

exactly what I got out of that show too...

they just told the sheeple what they wanted them to believe...nothing nefarious my ass.

after watching some of his other shows..

he will tell us exactly what they want us to know/think. This is just another propaganda show that points out how wacky people are for not believing what their handlers tell them to believe. Nothing more, nothing less.

The heavy guarding is a hoax,

to make people think they're actually protecting something. The gold is long gone, that's why they have so little regard to the dollar any more. My guess is that they're laughing their asses off as they light cigars with $100 bills. We the People, know very little, and demand even less. Talk about this "heavy guarding", let's go back to 9-11. What is most protected and video taped building in the world? The Pentagon. They even have a specific satelite that stays trained on the Pentagon 24/7. $1000 bet for anyone that can show me a SINGLE picture of a big, old, out of control, lumbering, flown by novice, about to crash, passenger jet liner within 1000 feet of the Pentagon. Why would they want to hide a picture? 'cause there isn't one! No gold either! Ask yourself, if they could pull off 9-11 (whoever they actually are) wouldn't it be relatively easy to slip the gold out of Ft. Knox, especially when the guards are on your payroll?

alan laney

The fake Romney.

I agree with all of Ron Paul's policies but the gold and silver standard as only legal tender stance is a little confusing. I understand about there being supply and demand and how it would naturally fix the market. My concern is that how much gold would we be able to produce in order for everyone to have change in order to buy some of the cheaper products. Would we need to buy in bulk? I just don't understand that part. Is Ron Paul planning on pegging the gold and silver to another currency such as the dollar or electronic exchange? If someone could explain this to me it would be great.

I am Mitt running for president!

The latest statement that

I heard from Ron was that he is "first" seeking "competing" currencies metals based) and although he wants to end the fed, he realizes that it will not happen over night.

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey referring to ISIS

Thanks for the info.

Thanks for the info.

I am Mitt running for president!

We would still have paper money - but they would be gold notes

not Federal Reserve Notes.

Few people would be carrying gold on their person. Its just that there would be a stable and agreed upon exchange rate. And whatever gold was actually present - time the exchange rate would be how much money existed.

In fact there would like be a redemption option as in "Payable to the bearer on demand $100 in gold" which would allow you to actually get gold in exchange for the note.

Now honestly golds value would have to be pegged pretty high - maybe $15,000 per ounce as if even the offical inventory is correct - at current prices I see to recall we only have some $500 billion in gold and that Or around $1,500 per person and that certainly wouldn't be enough available money. $15,000 might be better.

Of course - even with a solid gold based currency we would still have fractional reserve banking - meaning that for every $1,000 deposited the bank would only be required to keep perhaps $200 on hand and would be able to loan out the whole $1,000. That has the ability to expand the money supply and only is a problem if people lose faith in a bank and cause "a run". Obviously if there is only $200 on hand for every $1,000 deposited there won't be enough money for everyone to take out their deposits.

The way around that exists even now - if you check banking laws, a bank isn't generally required to pay off your deposit for 2 months (I think its 2). Of course they generally do give you your money immediately when you ask for it - but they aren't required to. And that is meant to prevent "runs".


Thanks, that cleared up much of the questions. so it's paper gold notes right? I wonder what that would look like. A Ron Paul face in the middle hahaha... Awesome.

I am Mitt running for president!

Silver isn't worth as much as gold,

and nickels could be made of nickel again, and pennies made of copper again. These would all be used for lower priced items.

Nickels are still made of nickel

But they are now searching to remove the nickel from the Nickel coins.

If there is "deflation" then the coins with real metal (like pennies pre 1982 until mid year) will increase in value.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

US Nickel: 25% nickel; 75% coppoer

1946 - 2011 Jefferson Nickel Value (United States)
http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-... ... 104.22% of face value @ $0.0521138 melt value.

1943 - 1945 WW II made with silver alloy as I recall. Much more valuable. Nickel stock ran out.

The 1938 through 1942 D versions of the nickel are also made of the same composition, but generally are sold for a premium over their melt value due to rarity.

Subject to change w/o notice. Void where prohibited.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Yes there is still Nickel

but it will be removed from the coinage soon enough.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

There is less silver than

There is less silver than there is gold. That does explain some of what I was thinking but in most of Ron Paul's speeches, I hear him say "only gold and silver as legal tender." I don't think that's the case though. I guess original pennies, nickels, dimes and quarters will all still be used.

I am Mitt running for president!

Knox Knocked

Naughty Knaves Know Not,
Now Nick is No Knot,
Knox'$ Niche Is Knocked Nought.

Nought is the digit zero, 0.

Knaves! Well, I'll be Knajammed!

T'waren't knights?!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Some times -

at night, knights behave as nigh to knaves, .