Drudge: Ron Paul: Sell The Gold In Fort Knox...

[low preference guy]

I don't know if this is a good or bad idea. Why do you think the doctor thinks it is a good idea?

NEW YORK — The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.

Read the rest.

 

[Acala]

Maybe because it would get the real money out of the hands of the Fed and into the hands of the people ready to circulate when the dollar collapses.

 

[Chester Copperpot]

Its only a good idea if the govt is interested in paying off the debt and strenghtening the dollar

 

[TheNcredibleEgg]

Ugh - I sure hope he was taken out of context, because I think it's a horrible idea.

Perhaps Ron Paul meant it's a good idea to sell if - 1) the country refuses to consider a gold standard ever or 2) if the country refuses to balance its book then like any bankrupt entity - you have to sell off your possessions.

 

[John of Des Moines]

Maybe a good idea. What's the going price for gold-plated tungsten?

 

[Teaser Rate]

I think it would send the wrong message to US creditors.

 

[Dr.3D]

They can't sell what they don't have. What proof do we have there is any gold in Fort Knox? Ron has asked for an audit or to at least see the gold, but they will not comply.

 

[Agorism]

I strongly favor this plan along with liquidating all other assets: parks, farm land, all military assets, etc.

We need to liquidate the "assets" of the federal government. Republican congressman Dennis Ross offered a similar plan

http://thinkprogress.org/2011/05/17/dennis-ross-utah/

Dennis Ross, a House Republican and a member of the Tea Party caucus, told Reuters: “I don’t think Treasury has been up front with us. I am not convinced the sky will fall in on August 3.”

Ross added: “I’m not an economist, but I have maintained a household. The federal government owns 70 per cent of Utah, for example. There are federal buildings. If you need cash, let’s start liquidating.”

Would it solve the problem? No, but it would work for a short period of time before more liquidation is needed, and it's better than raising the ceiling. Come on those aircrafter carriers, bases, and those stealth helicopters that JSOC assassination squads fly around in have to be worth something.

Sell them.

 

[Lucille]

It's probably his way of getting an audit!

In August 2010, a leading figure in the monetary debate in Congress, Ron Paul, a Republican of Texas, called for an audit of the federal government’s gold reserves. “If there was no question, you’d think they would be very anxious to prove to us that the gold is there. . . . ,” Dr. Paul then said, “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit. I think there was only one decent audit done 50 years ago.”

“If we ever get around to deciding we should use gold in relationship to our currency we ought to know how much is there,” Dr. Paul added, “Our Federal Reserve admits to nothing and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?” In March 2008 the Times of London quoted a spokesman of the American treasury as saying that American gold holdings “are audited every year by the Department of Treasury's Office of Inspector General. He confirmed that although independent auditors oversee the process they are not given access to the Fort Knox vault.”

Dr. Paul told the Sun today that he reckoned the sale of gold reserves would be “a good and moral decision. An individual would have to do the same.” The sentiment is echoed by another big name in the debate on monetary reform, Edwin Vieira Jr., who told the Sun he has little hope of the government moving to sound money and would prefer that it coin its gold holdings in pieces marked with their weight and use them to pay off debts, particularly individuals — who might be owed, say, tax refunds.

Rep. Paul Calls for Gold Audit, Questions Whether Fort Knox Is Empty

Read more: http://www.foxnews.com/politics/201...-knox-audit-suggests-gold-gone/#ixzz1MeaRp0xc

"It'd be nice for the American people to know whether or not the gold is there," Paul told Fox Business Network. And if it is all there, he said, the public should know whether any of it has been obligated.

 

[sailingaway]

To be honest, I don't know that I like this plan, but I suspect it means he doesn't think there really is any there -- or that if it physically is there, title belongs elsewhere.

He's been trying to audit it, if you recall.

 

[Gumba of Liberty]

Ugh - I sure hope he was taken out of context, because I think it's a horrible idea.

Perhaps Ron Paul meant it's a good idea to sell if - 1) the country refuses to consider a gold standard ever or 2) if the country refuses to balance its book then like any bankrupt entity - you have to sell off your possessions.

Your are right, it is a terrible idea if the U.S. government still owns the gold. But what if the gold isn't there? Dr. Paul obviously believes that that gold in Fort Knox is gone or it has been sold to the Federal Reserve and the globalists and continues to sit in Fort Knox for theatrical purposes. If the government was going to sell the gold they would have to A. show the gold (or the lack of gold) to the American people and B. Sell the gold in the name of the American public which prevents the bankers from selling it in the shadows. Great politics by the good Dr.

 

[Agorism]

It's a terrible idea for the government to own ANYTHING. Sell it all to the private market especially when it's in danger of default.

 

[Razmear]

Dr. Paul told the Sun today that he reckoned the sale of gold reserves would be “a good and moral decision. An individual would have to do the same.” The sentiment is echoed by another big name in the debate on monetary reform, Edwin Vieira Jr., who told the Sun he has little hope of the government moving to sound money and would prefer that it coin its gold holdings in pieces marked with their weight and use them to pay off debts, particularly individuals — who might be owed, say, tax refunds.

I wouldn't mind getting my tax refund in gold.
Selling it to pay off the debt would be a bad idea tho, it wouldn't even coming close to making a down payment on our national debt.

 

[Agorism]

I'm sure the FDR memorial in D.C. is worth a few bucks. Could sell that thing to a liberal who really likes it a conservative who really want to get rid of it.

 

[sailingaway]

I'm sure the FDR memorial in D.C. is worth a few bucks. Could sell that thing to a liberal who really likes it a conservative who really want to get rid of it.

I'm fine selling the FDR memorial. But if we want our dollar worth anything, I'm not so keen on selling gold.

 

[Razmear]

Lets see, scrap steel is selling for about $10 per 100#.
We've got 11 aircraft carriers at 100,000 tonnes each. Thats 200 million pounds a piece, times 11 is 2.2 billion pounds of scrap steel ready for the crusher

 

[Agorism]

I'm fine selling the FDR memorial. But if we want our dollar worth anything, I'm not so keen on selling gold.

Trying to prop the beast up here?

 

[Michigan11]

He's calling their bluff

 

[sailingaway]

Trying to prop the beast up here?

I like gold. It's shiny.

 

[Dorfsmith]

He's calling their bluff

Exactly. It's brilliant!