Below is a trip down the rabbit hole of US gold reserves and what happened to a woman to was exposing the truth.
August 20 (King World News) – Email from KWN reader Nicholas B: Dear Sirs, I make some observations that may be of interest to KWN readers.
ChatGPT estimates that apart from 8,133 tonnes of Treasury Gold, the USA should also hold 6,331 tonnes of foreign custodial gold (total 14,463 tonnes). ChatGPT is also adamant that the IMF gold reserves of 2,814 tonnes are a discrete deposit whilst the Sept 15th 1947 edition of The American Institute for Economic Research claimed that this gold was double counted since it was merely quota allocations from the IMF’s founding members, which gold was never physically transferred to the IMF.
Exposing The Truth Came With A Price
In March 2010, GATA wrote to the CFTC stating, inter alia, ‘As an executive at Goldman Sachs in London, Robert Rubin developed an idea to borrow gold from central banks at minimal interest rates (around 1 percent), sell the bullion for cash, and use the cash to fund Goldman Sachs’ operations. Rubin was confident that central banks would control the gold price with ever-more leasing or outright sales of their gold reserves and that consequently the borrowed gold could be bought back without difficulty. This was the beginning of the gold carry trade. When Rubin became U.S. treasury secretary, he made it government policy to surreptitiously operate an identical gold carry trade but on a much larger scale’.
Empirical evidence to support this allegation was multiple reports from local residents near Fort Knox of nightly convoys of trucks leaving Fort Knox with bulging tyres (indicating heavy loads) and returning later with erect tyre walls. On July 3, 1974, 59-year-old Louise Auchincloss Boyer died after falling from the window of her 10th-floor apartment at 530 East 86th Street. This well connected lady was a key source in reports that the Federal Reserve was selling off US gold reserves in Europe. My reader will investigate this name further if so disposed.
Fast forward to the present. If there is significantly less than 14,463 tonnes of unencumbered vault gold available in all US gold depositories, then any revaluation of US gold reserves would merely significantly exacerbate this potential gargantuan scandal. Anyway would this revaluation achieve any material result? If a life insurance company had a practice of booking all premiums received to current year profit without any recognition of contractual future liabilities accrued on related annuity/endowment policies, this would represent a scandal almost commensurate with the missing US gold reserves. Any cursory research into true total current US national debt reveals a true total liability of at least $120 trillion. Unrealised Treasury gains from a revaluation of 8,000 tonnes of unaudited gold reserves would total less than $1 trillion. The US dollar hegemony is ‘going down’. Best have possession of some precious metal.
Regards,
Nicholas
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