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Skol

32,985 Posts.

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15/05/23

19:49

Post #: 67785851
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Originally posted by Pointyfigures: ↑

I repeat - The paperwork is audited and only for gold held by Fed Reserve Banks.
Does not include Fort Knox or gold held directly by Treasury.
Only the gold held on behalf of Treasury. The audit only applies to the paperwork.
The numbers have not changed one whit from 2018 to present. Slight changes to the wording.
Accounts for 5% of reserves. No site inspections. No assays.
It is an audit of the SCHEDULES. Not the ASSETS.
Read Note 1 B again. Paperwork up to date. All good.
I am pretty sure Bernie Madoff was audited regularly.
Tick and flick.

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The gold in Fort Knox is examined annually. The notion that the gold isn't there is very eccentric.

It's examined annually as I've previously stated.

Last edited by Skol: 15/05/23
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