Does the U.S. have as much gold as some of the other countries?

Question

Where can you find out which countries have how much gold and silver in their economies ? Do all counties have a Fort Knox just as the United States does ?

Answer 1

No country uses gold and silver as a form of money any longer. That hasnt been true since before World War 2. During WW2 most all countries removed themselves off the gold standard. This was common for countries to do during time of war to print as much money as they needed to finance their war effort. The US was taken off the gold standard for a short time during the Great Depression. This was done only long enough to confiscate everyones savings to pay for the New Deal under FDR. Once the confiscation was complete and everyones savings was accounted for, it was devalued by 45% thereby keeping us in the Great Depression for another 7 years until the US entered WW2. Gold was outlawed for private ownership from 1934 to 1975 in the US.

The US remained on a gold standard at a rate of $35 an ounce for international transactions under the Bretton Woods agreement in 1944. No other country returned to the gold or silver standard. The US dollar became the worlds reserve currency because it was backed by gold. In 1971 France decided to exchange their dollars for gold and Nixon took us off the gold standard under Bretton Woods on 8/15/1971. This was the cause of the OPEC oil embargo less then 2 years later. Nixon imposed wage and price controls untill 1972 and that event set us on the course we are on today.

Fort Knox no longer has the gold reserves it once had. Most of the gold reserves are at the Federal Reserve in NYC although some is still kept in Fort Knox. The US dollar isnt worth the paper its printed on and is being devalued more and more each day.

As for other countries aquiring gold and silver. India and China as was as Russia are buying more gold and silver as they divest out of the US dollar that has fallen by over 50% in the last few years. Once China's economy becomes independent of the US in the comming years and they turn in the remaining dollars they have, the US dollar will collapse and the Federal Reserve will fail as has the 3 other central banks we have had in the US throughout its history.

Today more and more people are aquiring gold and silver as a hedge against inflation created by the Federal Reserve and the national banks in the US. The banks are inflating us to death.

I personally am not holding US dollars. Im converting to silver as quickly as I recieve my paychecks for my savings. In 2003 the Federal Reserve came up with a plan to tax your savings in the future. Silver and gold would prevent that once its implmented by the FED. The Federal Reserve at this time relies on the hidden tax called inflation for wealth confication.

As to how much gold and silver governments have there are only estimates. No country publishes those figures. The reason is simple....Those who own the gold make the rules. Never tip your hand to let another see what you have. Countries, especially China, wont reviel their reserves because they are wanting to become the new world superpower. Large gold reserves and manufacturing will ensure this to become true in the future.

Answer 2

1) No.

2) I don't know.

3) No.

Answer 3

Actually the US gave up it's gold standard back in the 70's.

Truth be known- the dollar has no real valued backing  it and the US government just keeps producing more(paper dollars) in order to help create a false value to it.

Answer 4

Yes the U.S has more gold than other countries,excluding Canada. Other than that the U.S has more native gold than other country. Hope this helps!