I know we were once on the gold standard. What has happened to all the gold and how much was there then and now?
2007-01-28 13:05:52 · 3 answers · asked by ItalStalyon 1 in Arts & Humanities ➔ History
Here's a link to the Treasury Department about the Fort Knox Bullion Depository. The U.S. Mint link tells how much is there now (notice the "book value" is around $42 per ounce, nice profit in today's prices, eh?).
2007-01-28 14:17:49 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
From what i Understand There is no gold In Fort Knox. We run on a system that only involves credit. $ that stand for credit not dollar. The USA has a huge deficit. For years now. If we had gold in Fort Knox we would not be in dept. I hope i answered you question.
2007-01-29 12:39:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The gold still remains in the vaults of Ft. Knox. The amount of gold is not reported.
2007-01-28 21:09:53 · answer #3 · answered by albert_noodles 3 · 0⤊ 0⤋