Calls for a U.S. Gold Audit Miss the Point
By James Rickards
U.S. News and World Report
Monday, June 4, 2012
For those who comment on the role of gold in the international monetary system, one of the most frequently asked questions involves the existence of the U.S. gold hoard. Officially the U.S. Treasury is in possession of 8,133 metric tons of gold stored mostly in two large depositories — Fort Knox, Ky., and West Point, N.Y. — with smaller amounts on deposit at the Denver Mint and the Federal Reserve Bank of New York.