Landowners own the mineral rights to their property unless the land is protected/zoned. The sky above you is questionable - people should probably be responsible for pollution, etc. but it's really more of a commons as far as I know.
Sadly we don't buy any gold for new dollars that get printed. Why do they even call it a treasury anymore? It's a debtery. A dollar used to be defined as 1/20 oz of gold, then they invented the Federal Reserve and now it's defined as nothing. This is one of the reasons we're all rooting for Ron Paul over here.
The conspiracy I've heard is that all the "gold bars" are painted tungsten and they sold the gold to jpmorgan/goldman a long time ago.
We went off the gold standard in the 70's, even then the dollar was only partially covered by gold. We have switched standards 3 times over the past 100 years. Ft. Knox is a military base in Kentucky. Supposedly there is 147 million ounces there. Even at present value, that is only about 240 billion dollars. To put in perspective, the national debt today is around 60 trillion dollars, including social security and medicare witch people paid into and have been spent by our government.
Stop in there sometime on your way through and just have lunch in a local diner and strike up a convo with a local. You'll find interesting things.google the show DECODED on the History Channel. They just did an episode on Fort Knox sometime in October. It answers ALL of the questions you asked.
Pretty much...the "GOLD" that was once "supposedly held" in Fort Knox... hasn't been there pretty much in @ 30 years. The last time anyone was ever in to look INSIDE was around 1973 or 74... Many locals that live there will help answer your questions.
I can't answer all your questions, but the amount by which gold has written is tiny compared to the explosion of debt and printed money (fiat currency) in the world. If you have any gold and silver hang on to it.
For a visual representation of US budget and deficit check out: wtfnoway .com
Another (long) vid that might answer some questions is Mike Maloney's "Why Gold & Silver"
Landowners own the mineral rights to their property unless the land is protected/zoned. The sky above you is questionable - people should probably be responsible for pollution, etc. but it's really more of a commons as far as I know.
Supralobe 1 month ago
@Supralobe interesting!
NancyToday 3 weeks ago
Sadly we don't buy any gold for new dollars that get printed. Why do they even call it a treasury anymore? It's a debtery. A dollar used to be defined as 1/20 oz of gold, then they invented the Federal Reserve and now it's defined as nothing. This is one of the reasons we're all rooting for Ron Paul over here.
The conspiracy I've heard is that all the "gold bars" are painted tungsten and they sold the gold to jpmorgan/goldman a long time ago.
Supralobe 1 month ago
We went off the gold standard in the 70's, even then the dollar was only partially covered by gold. We have switched standards 3 times over the past 100 years. Ft. Knox is a military base in Kentucky. Supposedly there is 147 million ounces there. Even at present value, that is only about 240 billion dollars. To put in perspective, the national debt today is around 60 trillion dollars, including social security and medicare witch people paid into and have been spent by our government.
ShinyRealMoney 2 months ago
Stop in there sometime on your way through and just have lunch in a local diner and strike up a convo with a local. You'll find interesting things.google the show DECODED on the History Channel. They just did an episode on Fort Knox sometime in October. It answers ALL of the questions you asked.
SoulsurferWhit32 2 months ago
@SoulsurferWhit32 Whitney! Soooo nice to see you! How wonderful! I shoulda stopped to ask! Thanks.
NancyToday 2 months ago
Pretty much...the "GOLD" that was once "supposedly held" in Fort Knox... hasn't been there pretty much in @ 30 years. The last time anyone was ever in to look INSIDE was around 1973 or 74... Many locals that live there will help answer your questions.
SoulsurferWhit32 2 months ago
lol at the end nancy where you serious?
Socomboy35 2 months ago
@Socomboy35 Me, serious?
NancyToday 2 months ago
@NancyToday i guess that's a no?
Socomboy35 2 months ago
@Socomboy35 No! LOL
NancyToday 2 months ago
@NancyToday okay!
Socomboy35 2 months ago
I can't answer all your questions, but the amount by which gold has written is tiny compared to the explosion of debt and printed money (fiat currency) in the world. If you have any gold and silver hang on to it.
For a visual representation of US budget and deficit check out: wtfnoway .com
Another (long) vid that might answer some questions is Mike Maloney's "Why Gold & Silver"
watch?v=E5VNAEmmBQM
Hope this helps.
:)
Halobitt 2 months ago
@Halobitt Thanks Halobitt!
NancyToday 2 months ago
@NancyToday Oops. That should say "gold has risen" not written. It's late here in the uk.
:)
Halobitt 2 months ago
@Halobitt I knew that. :) Night night
NancyToday 2 months ago