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what % of the gold in Fort Knox actually belongs to the USA? the last i heard it was like 20%?
gold from other parts of the world are supposedly stored there for security reasons.
If so who owns the largest share of the gold stored there?
....if i'm wrong don't jump on me you are my for not researching.
you are my first path in researching this issue.
6 Answers
- BruceNLv 71 decade agoFavorite Answer
I think most of the gold kept in Kentucky is ours. But it is much less than the amount kept at the Federal Reserve in New York. There, the US and other countries buy and sell it to each other. They just move it between rooms rented by different banks, and most of it is foreign owned.
- ?Lv 44 years ago
Republican President Richard Milhouse Nixon bumped off the country from the very best quality, some thing nonetheless decried by financial conservatives like Ron Paul. All that's in citadel Knox now's a letter from Dick Cheney asserting "Deficits don't be counted - Ronald Reagan proved that!"
- Anonymous1 decade ago
supposedly there is $137 billion in gold in fort knox. supposedly. there hasn't been an independant audit since the late fifties. the federal reserve thinks that it mostly belongs to them, but that is not the case. any gold stored in fort knox is property of usa.
The website of the US Mint says that the 147.3 million troy ounces of gold in Fort Knox “is held as an asset of the US”. It does not elaborate.
- Anonymous1 decade ago
The US has the worlds largest gold supply 8,000metric tons Germany's has in second place 3,000.
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- Anonymous1 decade ago
I've read that most of it has been bought up by the Federal Reserve banks.
- ?Lv 41 decade ago
I would love to give you a great answer, but quite honestly, I know nothing of the subject.