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Thread: Who OWNS all the gold??

  1. #1

    Default Who OWNS all the gold??

    I spent several days trying to figure out exactly who OWNS all the gold in the world.

    Could not figure it out.

    I could find where its located - the bulk is in the vaults of central banks.

    I could find which countries hold how much - but that seems to be very fluid as the wealth of nations gets transferred around the globe.

    My question is: If the Fed turns to dust tomorrow, who takes home the gold?
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    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV



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  3. #2

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    Its shareholders, I would assume.
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  4. #3

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    Whoever holds it, owns it. Possession is 9/10 tenths of the law.
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  5. #4

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    Quote Originally Posted by Jamesiv1 View Post
    My question is: If the Fed turns to dust tomorrow, who takes home the gold?
    John Mclane
    Quote Originally Posted by Edward Snowden;
    So its, I would say; illustrative that the president would choose to say, "someone should face the music" when he knows the music is a show trial.

  6. #5

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    Quote Originally Posted by LibertyEagle View Post
    Its shareholders, I would assume.
    yeah... that's the best I could conclude, as well.

    And I guess since the Fed is privately held (right?) then they don't have to disclose who the shareholders are?

    Do central banks of other countries have the same disclosure policies?
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  7. #6

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    Quote Originally Posted by Jamesiv1 View Post
    yeah... that's the best I could conclude, as well.
    Dr. Paul held some meetings last year and even in his role in congress couldn't get a straight answer as to who actually owns our own gold or if there are any encumbrances on it.
    Quote Originally Posted by Edward Snowden;
    So its, I would say; illustrative that the president would choose to say, "someone should face the music" when he knows the music is a show trial.

  8. #7

    Default

    Quote Originally Posted by Jamesiv1 View Post
    I spent several days trying to figure out exactly who OWNS all the gold in the world.

    Could not figure it out.

    I could find where its located - the bulk is in the vaults of central banks.

    I could find which countries hold how much - but that seems to be very fluid as the wealth of nations gets transferred around the globe.

    My question is: If the Fed turns to dust tomorrow, who takes home the gold?
    How could anyone know where the gold is?

    Gold has been used as money for thousands of years all over the world. It has been hoarded, buried, turned into jewelry, lost, found and generally circulated in every imaginable way for all of known history with virtually NO trail. The ONLY gold that might be accurately "booked' is the bullion in the hands of the banks and governments. And that is highly doubtful given the utter lack of veracity in either of those classes of institution.

    Aside from the fact that nobody knows how much gold there is or who has it in their hands, the important thing to remember is that once paper money collapses, whoever has the gold will have to spend it because they will not be able to make anymore out of thin air. So the gold of necessity goes into circulation.
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  9. #8

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    This is the pic that got me wondering...

    Last edited by Jamesiv1; 08-25-2012 at 09:54 AM.
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  10. #9

  11. #10

    Default

    Quote Originally Posted by Acala View Post
    How could anyone know where the gold is?
    I was trying to figure out who owns the central bank gold, primarily...
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  12. #11

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    Goog... wait.. use duckduckgo.com and look for Rothschild -- They've got 500 Trillion worth of gold

  13. #12

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    each one of those bars is 400 ounces. The value is about $680,000.00 per bar. 224 bars per stand at a value of $152,320,000 per stand

  14. #13

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    Quote Originally Posted by Jamesiv1 View Post
    This is the pic that got me wondering...

    [drool]
    Some pretty sturdy shelves they got there...holding about 1500lbs per shelf....
    Quote Originally Posted by Edward Snowden;
    So its, I would say; illustrative that the president would choose to say, "someone should face the music" when he knows the music is a show trial.

  15. #14

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    Ultimately it doesn't matter who presently owns the gold, if it is established as currency it will in fairly short order be distributed to those who produce actual value, and nobody will be able to print up more of it on a whim to steal away the value of the money people hold.
    ďIf ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.Ē

    - SAMUEL ADAMS

  16. #15

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    oops. double post
    Last edited by Jamesiv1; 03-06-2012 at 09:26 AM.

  17. #16

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    Quote Originally Posted by DonovanJames View Post
    Goog... wait.. use duckduckgo.com and look for Rothschild -- They've got 500 Trillion worth of gold
    That article estimates they've got $500 trillion dollars, not $500 trillion in gold.

    Here's what I'm getting for the approximate value of the world's gold:

    160,000 tons (in 2009) x 2000 lbs per ton (US short ton) x 16 ounces per pound x $1700 per ounce = $8,704,000,000,000

    Did I miss something? (math is not my strong suit) app $9 trillion total - doesn't seem like very much.

    And so if the USA holds 300,000,000 ounces ų 5,120,000,000 total ounces = USA holds about 6% of the world's gold?

    Read somewhere that all the world's gold would create two cubes - each the size of an Olympic swimming pool.
    Last edited by Jamesiv1; 10-05-2012 at 10:21 PM.
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  18. #17

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    Well those who do own it certainly don't want us to know who they are...
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  19. #18

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    Quote Originally Posted by Jamesiv1 View Post
    That article estimates they've got $500 trillion dollars, not $500 trillion in gold.

    Here's what I'm getting for the approximate value of the world's gold:

    160,000 tons (in 2009) x 2000 lbs per ton (US short ton) x 16 ounces per pound x $1700 per ounce = $8,704,000,000,000

    Did I miss something? (math is not my strong suit) app $9 trillion - doesn't seem like very much.

    Read somewhere that all the world's gold would create a couple of squares the size of Olympic swimming pools....
    That's because gold should be worth alot more and will be worth alot more as people run from fiat.
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  20. #19
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    Default

    The US gold is "owned" by the US Treasury- the Fed doesn't have any of their own though they do store some of the Treasury holdings.
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  21. #20

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    Whoever holds the gold in their hands owns it. The people that have paper promises to deliver gold own will not be able to get it.

  22. #21

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    Quote Originally Posted by thoughtomator View Post
    Ultimately it doesn't matter who presently owns the gold, if it is established as currency it will in fairly short order be distributed to those who produce actual value, and nobody will be able to print up more of it on a whim to steal away the value of the money people hold.
    I don't think so. Check that pic I posted. If you owned that monstrous vault full of gold, would you distribute it into the economy?

    I'm thinking, probably not.
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  23. #22

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    One can hope.

    Quote Originally Posted by thoughtomator View Post
    Ultimately it doesn't matter who presently owns the gold, if it is established as currency it will in fairly short order be distributed to those who produce actual value, and nobody will be able to print up more of it on a whim to steal away the value of the money people hold.

  24. #23

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    Not if you own a legal tender counter fitting operation.

    If sound money is implemented - it will have to be circulated out of necessity...even if it takes a while.

    Quote Originally Posted by Jamesiv1 View Post
    I don't think so. Check that pic I posted. If you owned that monstrous vault full of gold, would you distribute it into the economy?

    I'm thinking, probably not.

  25. #24
    Member awake's Avatar
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    Default

    If it isn't in your possession, ownership is simply a question mark. People should remember how we got into the fiat dollar mess: fake receipts for gold. You know, the little peices of paper with dead Presidents, they are actually receipts.

  26. #25

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    Quote Originally Posted by awake View Post
    If it isn't in your possession, ownership is simply a question mark. People should remember how we got into the fiat dollar mess: fake receipts for gold. You know, the little peices of paper with dead Presidents, they are actually receipts.
    Since 1933, they are not receipts representing something - they are Reserve Notes, representing nothing.

  27. #26

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    Quote Originally Posted by Seraphim View Post
    Not if you own a legal tender counter fitting operation.

    If sound money is implemented - it will have to be circulated out of necessity...even if it takes a while.
    Naaaaaah... no way. "Circulated out of necessity.." What are you gonna do, hold a gun to their head? If I owned that vault, I would be laughing my ass off at the idea of me being forced to circulate my wealth. Wouldn't happen.
    Last edited by Jamesiv1; 08-25-2012 at 09:39 AM.
    1. Don't lie.
    2. Don't cheat.
    3. Don't steal.
    4. Don't kill.
    5. Don't commit adultery.
    6. Don't covet what your neighbor has, especially his wife.
    7. Honor your father and mother.
    8. Remember the Sabbath and keep it holy.
    9. Donít use your Higher Power's name in vain, or anyone else's.
    10. Do unto others as you would have them do to you.

    "For the love of money is the root of all evil..."
    I Timothy 6:10, KJV

  28. #27

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    They represent debt. There's a bond attached to each one.

    Even worse than nothing.

    Quote Originally Posted by Black Flag View Post
    Since 1933, they are not receipts representing something - they are Reserve Notes, representing nothing.

  29. #28

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    Quote Originally Posted by Seraphim View Post
    They represent debt. There's a bond attached to each one.

    Even worse than nothing.
    There is no bond attached to any of them, so you'll have to explain what you are thinking.....

  30. #29

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    Quote Originally Posted by Jamesiv1 View Post
    Naaaaaah... no way. "Circulated out of necessity.." What are you gonna do, hold a gun to their head? If I owned that vault full, I would be laughin' my butt off at the idea of my gold circulating as money.
    I believe he means that people will demand real money (gold/silver) in exchange for goods/services, thus forcing gold into circulation.
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  31. #30

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    You're kidding right?

    Every Federal Reserve note created is issued as TENDER for the debt/bond that is issued in opposition.

    Ying = bond, yang = the currency

    You can't seriously expect us to take you seriously on matters of economics if you don't even have an elementary grasp of modern money mechanics.

    Quote Originally Posted by Black Flag View Post
    There is no bond attached to any of them, so you'll have to explain what you are thinking.....
    Last edited by Seraphim; 03-06-2012 at 05:44 PM.

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