Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« You Better Man the Life Boats | Main | Soldiering on: Why Our Military Adventures Matter to Investors »

The US has no gold?

Dominique Strauss-Kahn 01 June 2011.JPG
Dominique Strauss-Kahn

When the news broke that Dominique Strauss-Kahn, head of the IMF, had been arrested in New York and charged with a sex crime, we thought that there might be more to it than that. It had been rumored that he would challenge Nicolas Sarkozy in the next presidential election in France and so this incident, should it be true, would effectively eliminate him from the presidential race. We don't really pay any attention to conspiracy stories, but this piece carried in The European Union Times is an interesting read.

A new report prepared for Prime Minister Putin by the FederalSecurity Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depositorylocated at Fort Knox was ‘missing and/or unaccounted’ for.

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.

Once Strauss-Kahn was safely boarded on an Air France flightto Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.

Within the past fortnight, this report continues, Strauss-Kahn reached out to his close friend and top Egyptian banker Mahmoud Abdel Salam Omar to retrieve from the US the evidence given to him by the CIA. Omar, however, and exactly like Strauss-Kahn before him, was charged yesterday by the US with a sex crime against a luxury hotel maid, a charge the FSB labels as ‘beyond belief’ due to Omar being 74-years-old and a devout Muslim.

In an astounding move puzzling many in Moscow, Putin after reading this secret FSB report today ordered posted to the Kremlin’s official website a defense of Strauss-Khan becoming the first world leader to state that the former IMF chief was a victim of a US conspiracy. Putin further stated, “It’s hard for me to evaluate the hidden political motives but I cannot believe that it looks the way it was initially introduced. It doesn’t sit right in my head.”

Interesting to note about all of these events is that one of the United States top Congressman, and 2012 Presidential candidate, Ron Paul [photo bottom left] has long stated his belief that the US government has lied about its gold reserves held at Fort Knox. So concerned had Congressman Paul become about the US government and the Federal Reserve hiding the truth about American gold reserves he put forward a bill in late 2010 to force an audit of them, but which was subsequently defeated by Obama regime forces.

When directly asked by reporters if he believed there was no gold in Fort Knox or the Federal Reserve, Congressman Paul gave the incredible reply, “I think it is a possibility.”

Also interesting to note is that barely 3 days after the arrest of Strauss-Kahn, Congressman Paul made a new call for the US to sell its gold reserves by stating, “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”
Bizarre reports emanating from the US for years, however, suggest there is no gold to sell, and as we can read as posted in 2009 on the ViewZone.Com news site:

“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored inFort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

To the final fate of Strauss-Kahn it is not in our knowing, but new reports coming from the United States show his determination not to go down without a fight as he has hired what is described as a ‘crack team’ of former CIA spies, private investigators and media advisers to defend him.

To the practical effects on the global economy should it be proved that the US, indeed, has been lying about its gold reserves, Russia’s Central Bank yesterday ordered the interest rate raised from 0.25 to 3.5 percent and Putin ordered the export ban on wheat and grain crops lifted by July 1st in a move designed to fill the Motherlands coffers with money that normally would have flowed to the US.

The American peoples ability to know the truth of these things, and as always, has been shouted out by their propaganda media organs leaving them in danger of not being prepared for the horrific economic collapse of their nation now believed will much sooner than later.

Do you think that there is something in this? The US, no gold!

Regarding The stats and the charts have been updated and are as follows:.

Our model portfolio is up 338.11% since inception

An annualized return of 128.07%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days

sk chart 22 May 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (5)

The EU Times often uses as its source one of the most fraudulent ones available,, which is actually American David Booth, as they did in this case. Booth has been claiming one outrageous happening after another for years, all just discovered by some mysterious Russian intel group. This website is total fabrications and you need to check your sources more carefully. The EU Times is totally discredited for me as they all too often use WhatDoesItMean, and obviously are part of the scam.

Whether or not the US has gold in Ft. Knox, or the NY Fed, has been a matter of speculation for a long time. But, Sorcha Faal (WhatDoesItMean), aka David Booth, is not a source of any substance.

June 2, 2011 | Unregistered CommenterJim Lauck

I personally think that the gold is still in the United States, though it could have been moved to other storage facilities other than Fort Knox - for security reasons. It would not be advantageous for the US to deliver that much gold to the IMF in order to establish SDRs as the introduction of this new monetary instrument would mean that the US government would not so easily be able to get its hands on easy cash as it has done for so many years. Getting rid of DSK just buys the US government some more time that is all. The defense of US gold, going back to the Nixon days is still in play, I believe. However, despite the tactics, the day of reckoning of the US dollar as the single world monetary currency is still approaching.

It appears that the US government is trying to keep the dollar in place for as long as it can. The end game approacheth.

If it so does happen to be true that the 7000 tonnes of gold is indeed gone, then the US government and the United States as a whole would be in a very serious predicament. Anyone holding hold or gold related assets would become instantly very rich were the US government to ever to hyper-inflate its debts away - as it is indicating it will while thew rest of the world decides to start demanding gold instead of fiat dollars.

June 2, 2011 | Unregistered CommenterScott

That is the biggest bunch of BS. You couldn't move that much gold without huge security. Too many people would know about it. Besides which, the Fmr IMF AH
has long been known to fondle and accost women. The company posting the article is touting their business by trying to scare people.

June 2, 2011 | Unregistered Commentererg

Unbelievable.... but certainly with in the realm of possibility.

June 2, 2011 | Unregistered CommenterDel Funk

"Instantly rich"...that sounds nice.

The US Gov and the vermin at the Fed are sociopaths and reflexive liars. I assume the gold is in this country but pledged to Germany. I believe "we" sold the German gold we swapped for US gold and that the bullion stored at West Point and the NY Fed isn't ours. It's a custodial holding. (My understanding...could be way off that the depository at Fort Knox was created and was used to store the gold that that scumbag FDR confiscated.)

No audit of gold holdings since the Eisenhower admin. Why not? Probably because there have been some shennanigans of some sort or another and I wouldn't be the least bit surprised to find out the gold isn't there.

June 2, 2011 | Unregistered Commenterfallingman

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>