The U.S. dollar as we know it is about to be replaced by a new currency. We don’t know when. It could be this year, or maybe next year, we don’t know. The question is not if? the Federal Reserve Note (U.S. Dollar) will be replaced but when? When it does, it’s going to have to be gold backed with value. Real assets like gold will have to back the new U.S. dollar at least in part for America, and Americans, to get back onto the global financial carousel with economic independence and the ability to coexist with foreign currencies that are backed by gold.

The important question to us as Americans with family members to provide for and a desire to see our spending power grow is how much if any gold does the U.S. actually possess? A legacy of secrecy still surrounds how much gold America has, author James Ledbetter, editor of “Inc. magazine” and the author of “One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries”, writes for the Los Angeles Times. “Some of the conservative and libertarian figures who demand that the Federal Reserve be audited, for example, grumble that there may be a lot less gold — maybe none! — in Fort Knox than official numbers allow,” Ledbetter writes.

Others believe U.S. central bank vaults possess more gold than America’s been letting on to. On August 21, 2017, Bloomberg reported that U.S. Treasury Secretary Steve Mnuchin had paid a rare official visit to Fort Knox to in fact confirm the nation’s gold stash.

Is our financial inventory in tact? U.S. Treasury Secretary says it is, sort of.

“I assume the gold is still there,” Mnuchin, a former Hollywood producer, recently told an audience 40 miles north of the U.S. Bullion Depository. After the visit, the Secretary of the U.S. Treasury playfully reassured America that the treasure was still secure. But is it? What if Mnuchin is wrong? Or lying? And what if the U.S. really doesn’t have enough physical gold to back the greenback?

DO WE REALLY HAVE ANY GOLD?

Our President appears to believe in a gold standard but he has expressed doubts as to America’s status as a present legal custodian of the precious metal. “We used to have a very, very solid country because it was based on a gold standard,” Ralph Benko of Forbes cites President Trump in March 2016 as telling WMUR television station in New Hampshire, “but it would be tough to bring it back because we don’t have the gold. Other places have the gold.”

Other places have the gold and America does not? Could that be true?

As if doubling down on our president’s position regarding America’s gold possessions Benko cites Trump as telling GQ: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”

Which makes it all seem obvious that there’s no way the U.S. actually has the gold to back a new currency, right? Wrong, Ralph Benko writes, objecting strongly to the President’s position saying Trump has been misled to believe that “we don’t have the gold. Other places have the gold.” The United States, Germany, and the IMF have about as much gold as the rest of the world combined, Benko informs us, with America having well more than Germany and the IMF combined.

America claims to hold 8,133.5 tons of physical gold in its official reserves. Fifty-eight percent is reportedly held in Fort Knox, Kentucky, 20 percent at West Point in New York, 16 percent is said to be at the U.S. Mint in Denver, Colorado, and five percent is held at the New York Fed, an RT article says.

Singapore’s BullionStar precious metals expert Ronan Manly is quoted as telling RT that America’s actual gold reserves are likely much smaller.

“The entire story around the U.S. gold reserves is opaque and secretive. There has never been a full independent audit of the U.S. gold reserves, and the custodians of the gold, the U.S. Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,” Manly told RT.

Besides, even if there were gold in American vaults there’s a very serious question as to the purity of the precious metal.

“Even the details that have been provided on the supposed U.S. gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery’ gold bar specifications,” Manly is quoted as telling RT.

This would make the gold un-tradable on the international market because of its low quality. There have been rumors that in the past the U.S. government has attempted to pay off debts with China using tungsten bars painted gold. China was reportedly deeply unimpressed with this payment method and returned the tainted bars back to the U.S.

WHERE WILL AMERICA GET GOLD TO BACK ITS NEW CURRENCY?

Like they say, if you’ve got it, show it. There’s a major question as to whether America actually does have the gold to back a new U.S. currency. If we don’t, where are we going to get it and how much will it cost?

President Trump has already told us that we don’t got it and someone else does. We know Russia has been buying up gold like there’s no tomorrow. China’s Royal Families and Elders are said to possess tremendous amounts of “unofficial” gold and other precious treasures from the ancient past. If we don’t have it in the U.S., would we get our gold from Asian countries in spite of the trade wars, billions of dollars in tariffs, South China Sea military standoff, and North Korea?

Or would we get our gold from Russia whom we’ve been targeting with the nuclear war drum roll for decades? Would Russian President Putin just forgive the United States for bringing the Communist Curtain down upon all Russian people in 1991, the destruction of the ruble, and the deaths of more than a million Russian people whose lives depended upon it, and just give the U.S. another 70 million metric tons of gold as the Russian Tsar reportedly did back in 1913 to help gold back the Federal Reserve Bank and the U.S. dollar?

There are rumors, myths, and stories that there are other greater hoards of golden wealth stashed out there in other countries belonging to someone that has yet to be legally established in the public eye. Might they lend a few million ounces of precious metals to Uncle Sam to help us in a time of need? Or not?

The rest of the world is turning to a gold standard. Our president and members of congress think gold backing of the U.S. currency would be a good idea. The Federal Reserve Bank and the Federal Reserve Note are breaking. The U.S. dollar and all markets tied to it are exploding into thin air on a global scale. Who’s going to give America its gold and save us? Who’s going to give our families a break?

Singapore’s BullionStar precious metals expert Ronan Manly is quoted as telling RT that America’s actual gold reserves are likely much smaller.

“The entire story around the U.S. gold reserves is opaque and secretive. There has never been a full independent audit of the U.S. gold reserves, and the custodians of the gold, the U.S. Mint and the Federal Reserve of New York will not let anybody into the vaults to view the gold or to count it,” Manly told RT.

Besides, even if there were gold in American vaults there’s a very serious question as to the purity of the precious metal.

“Even the details that have been provided on the supposed U.S. gold holdings show that a majority of the gold bars are low purity and in weights that don’t conform to the industry standard ‘Good Delivery’ gold bar specifications,” Manly is quoted as telling RT.

This would make the gold un-tradable on the international market because of its low quality. There have been rumors that in the past the U.S. government has attempted to pay off debts with China using tungsten bars painted gold. China was reportedly deeply unimpressed with this payment method and returned the tainted bars back to the U.S.

WHERE WILL AMERICA GET GOLD TO BACK ITS NEW CURRENCY?

Like they say, if you’ve got it, show it. There’s a major question as to whether America actually does have the gold to back a new U.S. currency. If we don’t, where are we going to get it and how much will it cost?

President Trump has already told us that we don’t got it and someone else does. We know Russia has been buying up gold like there’s no tomorrow. China’s Royal Families and Elders are said to possess tremendous amounts of “unofficial” gold and other precious treasures from the ancient past. If we don’t have it in the U.S., would we get our gold from Asian countries in spite of the trade wars, billions of dollars in tariffs, South China Sea military standoff, and North Korea?

Or would we get our gold from Russia whom we’ve been targeting with the nuclear war drum roll for decades? Would Russian President Putin just forgive the United States for bringing the Communist Curtain down upon all Russian people in 1991, the destruction of the ruble, and the deaths of more than a million Russian people whose lives depended upon it, and just give the U.S. another 70 million metric tons of gold as the Russian Tsar reportedly did back in 1913 to help gold back the Federal Reserve Bank and the U.S. dollar?

There are rumors, myths, and stories that there are other greater hoards of golden wealth stashed out there in other countries belonging to someone that has yet to be legally established in the public eye. Might they lend a few million ounces of precious metals to Uncle Sam to help us in a time of need? Or not?

The rest of the world is turning to a gold standard. Our president and members of congress think gold backing of the U.S. currency would be a good idea. The Federal Reserve Bank and the Federal Reserve Note are breaking. The U.S. dollar and all markets tied to it are exploding into thin air on a global scale. Who’s going to give America its gold and save us? Who’s going to give our families a break?

 

 

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