Fort Knox, Fort Hocks, or Fort Shocks: Three U.S. gold scenarios


11a PT Monday, May 27, 2013

Dear Friend of GATA and Gold:

The 24hGold Internet site has reposted a wonderful commentary from 2009 by Stewart Dougherty that outlines the likely consequences of the various scenarios about the disposition of the U.S. gold reserve.

Dougherty writes: "The United States could put these concerns to rest simply by auditing the gold and publicly reporting the findings. And yet, despite repeated attempts by such organizations as GATA to get them to do that, they refuse. Why? Is it because Treasury and Federal Reserve officials know that the results would be explosive? ... If it becomes known that the United States has surreptitiously hocked or sold its citizens' gold, the price per ounce would most likely explode. Conceivably, gold would have its first $500 up day as people threw in the towel on other forms of 'money' they could no longer understand or trust."

Dougherty's commentary is headlined "Fort Knox, Fort Hocks, or Fort Shocks: Three United States Gold Scenarios" and it's posted at 24hGold here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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