When Did The Government Sell The Gold In Fort Knox? | The Mystery Of Missing Gold In Fort Knox 1/2


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Fort Knox.

The top secret US depository that holds more than 147 million troy ounces of gold. Along with this are some of the most important items in our history as Americans. The signed original Constitution of the United States, Declaration of Independence, and Articles of Confederation are allegedly kept there.

Lincoln’s Second Inaugural Address, drafts of Lincoln’s Gettysburg Address, Gutenberg Bible and an exemplified copy of Magna Carta are all stored in Fort knox.

It also stores some of the most important gold coins in our history like the 1933 Double Eagle gold coins, a 1974-D aluminum penny, and twelve gold (22-karat) Sacagawea dollar coins that flew on the Space Shuttle Columbia.

Needless to say, Fort Knox holds our wealth, both the ones we can quantify – like gold- and the ones we can’t – like the declaration of independence.

The US decided to construct this depository in Kentucky, south of Louisville and north of Elizabethtown. Why? For security purposes. It is isolated, away from paths that invite traffic.

And with 30,000 soldiers, a surrounding minefield, Predator drones doing routine surveillance, and 20-ton vault doors – which no single person has a combination to – Fort Knox has never been robbed.

In fact, no one has even attempted to.

Now, there are many theories surrounding For Knox and we will discuss that in the next video but for now, I just want to call attention to the fact that Fort Knox was constructed to store gold.

All that planning, all the security, all the efforts, were done to protect gold. Not diamonds, not sapphire – gold.

More importantly, President Richard Nixon officially took the country off the gold standard in 1971, so why is there still gold in Fort Knox?

As the former Director of the U.S. Mint, Chief of Staff for the U.S. Treasury Department, and Chairman of the Industry Council for Tangible Assets (ICTA) and President of U.S. Money Reserve, Philip N. Diehl is among the most qualified persons to provide such insight.

He said there are two reasons: support for the world economy and the simple politics of gold.

Gold is rare. Gold is valuable. Gold is now being discovered to be one of the most useful metals in the world.

This makes it the perfect standard of wealth. And the US government knows it.

He also added that The politics of gold are complicated, highly emotional and very partisan. There’s no compelling reason to empty the vaults at Fort Knox and selling the gold would ignite a political firestone.

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