GoldSeek Radio Commentary with Robert Ian about Congressman Ron Paul bill for auditing the purity of the 700 thousand Gold bars supposedly held at Fort Knox ,this could take 400 people six months to accomplish the task of auditing the Gold . Bill Gross in an interview this week stated that all the money owed to future liabilities an entitlement programs put the US economy in worse shape than Greece , this is not just the 14.3 trillion dollars of the public debt it's the 50 trillion debt estimate which includes medicare medicaid and social security or the 100 trillion dollars estimate that includes the financial bailouts of 2008 and 2009
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ReplyDeleteWhy would it take so long and so much money to perform the For Know Gold Audit? Is it because it would be performed by Government employees and be inefficient? It should be performed by private companies based on bids. Free markets and competiion are always more efficient.
ReplyDeleteI WILL PAY THE 15 MILLION FOR THE AUDIT
ReplyDeleteI WILL PAY FOR THE AUDIT RON PAUL
ReplyDeleteIf there really are only 700,000 gold bars in Fort Knox there has to be something seriously wrong with the idea it would take 400 people 6 months to count it. Unless American arithmetic works differently than Canadian arithmetic 700,000 divided by 400 is 1,750. I am 69 years old. I would have thought it would be an easy task to count 500 gold bars per day, and simultaneously account for the serial numbers on each. Assuming 5 working days per week, working at a rate of counting and recording 500 bars per day, it would take one person (700,000 / 500 / 5) 280 weeks to count the gold said to be in Fort Knox. That equates to 70 properly supervised people working for 4 weeks to count 700,000 gold bars. What am I missing?
ReplyDeleteI plan to include this article and my comment today in an e-mail I send each trading day to over 10,000 opt-in Subscribers to http://www.stockresearchportal.com, a Resource Research website focused on TSX and TSXV listed resource companies.