Gerrit Visser questions the purity of any gold the United States claims in reserves.  If we take into consideration everything he has talked about in his two previous blogs, including the figures he has cited, we have to assume that all the gold the U.S. legally owns is of 999.9 purity.  This is because gold is priced in U.S. Dollars per troy ounce of 999.9 pure gold in compliance with the London Gold Standard.

But the purity of U.S. gold, if it does have any, has to be questioned, the precious metals analyst and adviser says.  No one’s ever been allowed to test its purity.

“As there has never been a full definitive audit, including purity analysis and DNA testing, once again it has to be assumed that it is all 999.9 purity and in compliance with the London Gold Standard, which is exactly what America would want the world to believe,” Visser says.  “The question is can we assume that this is correct?  The answer is NO WE CANNOT.”

We need to remember several factors here because there has never been a full analysis or audit figures ever produced by the Federal Reserve or U.S. Treasury, so the information which is put out by these organizations may be totally false, “which I and many others believe to be,” Visser says.

What we now need to know is this:

What type, or specification, of gold does the U.S. really have?

Is claimed U.S. gold holdings:

Fake with tungsten or lead?

Gold nuggets?

Gold dust?

Gold dore?

Gold at 75% – 95%?

Gold at 999.9% purity?  Or

None of the above.

“All of the above types of gold have different market / commercial values with the first five (5) listed qualities all requiring specialist refining to obtain 999.9% purity and the present day market price in USD per troy ounce; which is very expensive and requires a registered Hallmark, stamp of the refiner, registration number, the purity, and full documentation, all guaranteed by the refiner, and for which a small amount of gold is always lost in the process,” Visser says.

DOES THE U.S. POSSESS ANY MORE FAKE GOLD?

We also need to remember the U.S. likes to use fake gold whenever we can to pay off our debts.  So the big question here is:  How much of the gold the U.S. claims in its reserves is real and how much of it is fake? 

“On this point we should always remember that America sent a substantial amount of MT of gold to China, in settled-on debt, both in the time of William Clinton and Barack Obama.  China, not being the fools Clinton and Obama believed them to be, undertook a full analysis of the gold upon arrival and found it to be gold plated Tungsten.  It was returned to America as unacceptable, the debt remains outstanding.  A similar instance occurred with South Africa back in the 1990s, again in William Clinton’s time as President,” Visser says.

There also appear to be refineries producing stolen precious metals which could cause the amount of gold on the marketplace to be greater than what has been recorded.  “We are also aware that America has established small unregistered refineries in several countries in the Far East for refining stolen gold into 1 Kg bars, with a claimed purity of 999.9%, and fake documentation,” Visser says.

The gold has been and still is being stolen from depositories of the major historical gold facility Visser has talked about, all of it deriving from the “1920 London Treaty and 1929 Amendments to the London Treaty, executed by all the allied Nations, including the United States,” Visser says, “along with the legal owners of the precious metals, which is now the largest gold facility in the world.”

THE U.S. STILL HAS OLD DEBTS PAYABLE IN PURE GOLD

Therefore, there is a very big, in fact an enormous question mark as to the figures presented by America as to U.S. gold holdings, and those presented by The World Gold Council, which only a full and accurate audit can determine.

“Personally and corporately, we have more realistic figures showing that the amount of 999.9 London Gold Standard gold held by America, which is unencumbered and free to use as collateral behind a gold backed U.S. Dollar, is in fact slightly in excess of 2,000 MT of gold,” Visser says.  “Even then, there are debts payable in gold by the U.S. that still exist from before August 1971 when the Gold Standard was removed,” Visser says.

On that point, prior to August 1971, the U.S. Dollar was redeemable in gold, and many creditors demanded payment of the debt in gold rather than U.S. dollars  “This actually led to the demise of the U.S. dollar because in 1971 America did not have sufficient gold to pay their debt to other countries,” Visser concludes.  “Hence this is why the Gold Standard was removed, blocking any creditor from demanding gold and instead having to settle in U.S. dollar ‘Fiat Money’.”