It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base and watched over day and night by army units with tanks, heavy artillery and Apache helicopter gunships at their disposal. Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible and Magna Carta.
For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it.
It has been several decades since we have had an independent audit of the gold in Fort Knox. Ron Paul has a bill pending in Congress which would require an accounting of the gold and determine if allegations of shenanigans with the bullion are true. It's interesting to note that all the gold in Fort Knox - if it is there - is worth less than $250 billion, about what we've spent on AIG bailouts.
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