U.S. Gold Reserves: Do We Have Any?

Ever wonder why we hear nothing about our 8,100 tonnes of Gold Reserves in Ft. Knox?Presumably, we hold the largest single cache of gold reserves in the world, yet it is never discussed.You would think in all the conversation about our "ability to pay" foreign debt, someone official would remind the world that we are far from "dead beat" status with all the gold we hold.

And when the mint runs out of gold, why can't the mint borrow from reserves to keep up with demand.After all, the gold it sells is at a high premium/profit so it's not like the mint can't make good.All they have to do is buy futures to lock in the price, take delivery on the contract date and pay back what is borrowed "in kind."Wouldn't that be better than announcing to the world that we're out of gold?That's like Jimmy Dean announcing, "sorry I forgot to buy pigs this week so I'm out of sausage."

I found an article, "US Gold Reserves: Going or Completely Gone" that reportedly contains actual statistics on the amount of gold imported and exported by the U.S.In its findings it appears some 5000 tonnes of gold have left the county since 2007.The report is vague as to the exact nature of the exports but some questions asked were very pointed and the answers to which, seemed very telling.The U.S. sold off a bunch of its gold reserves.Some say that was the last of it.

Frankly, it's a scary thought to believe the U.S. may have no gold reserves.That's like having an aircraft carrier cruising around with cardboard jets on deck and no crew.Looks strong but if the secret gets out we may have a tough time defending our country and our economy.As a gun owner would you feel more safe knowing that in your home you have more weapons of self defense than one of our carriers at sea.And as a gold owner, would it make you feel more financially secure to know that you own more gold than our country?And that our country has nothing to use to defend the dollar - it's totally up to you to defend your own dollars?

Now let's compare our government's "No Comment" attitude about our gold to China who is openly adding gold to its reserves, (even if they announce it after the fact) buying gold mines to bolster future supply and encouraging its citizenry all to buy gold as an investment.Compare that also to India who recently bought 200 metric tonnes of gold from the IMF and who culturally believes gold ownership is a sign of wealth.Then compare our silent gold policy to central banks as a whole, who have now become net buyers of gold - not sellers.

The news is everywhere, gold demand is soaring and yet the U.S. barely breaths one word about its massive gold reserves.We don't hesitate to flex our military might, so why do we hesitate to flex our financial might as holder of the world's largest gold reserves?

Is there really gold bullion in Ft. Knox?Can we ever be sure?What we can be sure about is whether or not we have our own personal gold reserves.Whether it be Gold bullion, Gold Coins like American Gold Eagles or what the heck, maybe even a couple British Sovereign Gold Coins.Gold is Gold and if no one else is going to protect the dollar and your future savings and retirement accounts, you better do it yourself.Got Gold?