Comments on: West Point Mint Houses $2.3 Billion in Gold Bars

By: Mike

Mike — Fri, 14 Jun 2013 00:25:50 +0000

OMG, such banter. All this doesn’t stop me from purchasing that which I desire.

By: Marc H

Marc H — Wed, 12 Jun 2013 18:48:11 +0000

For all those fools who believe our government is run by honest people I reply that you are just ignorant and hopelessly lost in a fog. The FED (led by liar Ben), the IRS, NSA, telecoms, google and FBI are all agents trying to make you believe everything is all good. What are gold lease rates all about? Why does the concept of hypothecation and then rehypothecation exist? Why don’t our congressional representatives call for an independent audit of Fort Knox with a report published for the american people to see with pictures? Why did the US Mint recently raise the (already too high) premiums on precious metal coins coincidentally before the globally orchestrated take down of gold and silver? Why is Germany willing to wait sooo lonngg for their gold to return from our vaults? How about the gold bar shipments from the comex and received by China that were tungsten cored and gold plated in point of fact?

By: Josh

Josh — Tue, 11 Jun 2013 21:32:50 +0000

Everyone watch the video! They snuck in a good look at the Reverse Proof Gold Buffalo!

By: RonnieBGood

RonnieBGood — Tue, 11 Jun 2013 21:02:54 +0000

The assumption I believe was that this is the 2nd largest Gold holdings in the USA.

I hope this helps to satisfy those who said the Government has no gold left in the vaults. But then again the conspiracy theorists will never be happy.

By: Kevin

Kevin — Tue, 11 Jun 2013 06:35:46 +0000

Now all that’s missing is to trot out the Queen for a video tour… Well in or case, the First Lady… To take a grand tour in order to convince the masses that the gold is all there, nothing to fret about. Move along, please. Nothing to see here.

So why is it taking Germany seven years to get a fraction its gold back? Because it isnt where it is supposed to be. Its been sold over and over and over again. And we can be shown all the pictures of gold bars there are, but it does not provide proof of ownership. How many times has each bar been leased, re-leased and re hypothecated, whatever that means ?

Sure is pretty, though. No matter whose it is.

By: Joe

Joe — Tue, 11 Jun 2013 02:36:30 +0000

Did you have to use the oops box MIKE UNSER for one of those 28 pound gold bars? Thanks for the education.

By: RonnieBGood

RonnieBGood — Tue, 11 Jun 2013 00:00:53 +0000

Mike Unser,
You’ve done a great job writing this (among many other very good) articles. The pictures are also very impressive.

Thank you for going above and beyond,
RBG

By: yawnmoth

yawnmoth — Mon, 10 Jun 2013 23:44:34 +0000

According to , “As of 2012, the vault [at the Federal Reserve Bank of New York] housed approximately 530,000 gold bars, with a combined weight of approximately 6,700 tons”. So

Quoting , “The United States Bullion Depository holds 4,578 metric tons (5,046.3 short tons) of gold bullion (147.2 million oz. troy). This is roughly 3 percent of all the gold ever refined throughout human history. Even so, the depository is second in the United States to the Federal Reserve Bank of New York’s underground vault in Manhattan, which holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), some of it in trust for foreign nations, central banks and official international organizations.”

So I think the statement that the West Point Mint has “the second largest gold holdings” is false.

By: Bob

Bob — Mon, 10 Jun 2013 21:48:32 +0000

The only bar I could ever afford would be the lead type.

By: someone

someone — Mon, 10 Jun 2013 20:20:28 +0000

Now all I need is one of those bars 🙂