GOLD 0.51% $1,391.7 gold futures

is america really going broke?, page-2

  1. 30,924 Posts.
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    Apparently they still have 8,144 tons of the stuff, although nobody has seen it since 1946, when it was last audited. Its official status has changed from gold bullion to Deep Storage gold, whatever that means. It quite possibly means it was leased out in the late nineties/early naughties as a way to keep the POG down.

    Anyway, even if it is all there, it is only worth $365bn, which with an official debt of $14tn, and unfunded liabilities of another $80tn to $100tn, 'tis but a drop in the ocean.

    If it was known that the US was selling their gold, I would bet that it would be $5,000 before you could blink, as it would be crystal clear that the dollar is now worthless.
 
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