The Great American Disaster: How Much Gold Remains In Fort Knox?

[The] one and only audit [of Ft. Knox] reassured the America of 1953. But that America was still used to accepting official government statements at face value. In later years, after all the lies connected with Vietnam, Watergate, and so many things ever since, Americans today have lost much of their respect and belief in the words of their government. (In fact, few today even view it as "their" government.) An audit such as the one of 1953 would today satisfy almost nobody.

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It is clear to me that the last bull market for gold lasted 20 years, from 1960 to 1980. However, the price of gold only rose during the 1970s. This is because the price was manipulated – suppressed – all during the 1960s. When the manipulation stopped, the price soared far and fast to make up for the time it had been held down artificially. From $35 in 1971 to $850 at the January 1980 peak, that's a rise of 2,329% at a time when every other asset class was either doing nothing or plunging.

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If the US Treasury was really interested in erasing all the questions, they could have done so at any time by allowing a truly independent audit, with acknowledged experts.

Instead, the history of their responses over the decades gives the impression that they have something to hide. They have done their part to cause the average American to distrust their government, regardless of which political party is in power.