Gold Feeva!

     Tonight I have been watching a program on the History Channel called “Fort Knox: Secrets Revealed.”  It is quite a complex from what I am seeing.  Fort Knox started in 1918 as an army base.  In 1932 Camp Knox turned into Fort Knox and in 1937 the US Department of Treasury turned Fort Knox in to a Bullion Depository.      Fort Knox has be guarded with the world’s greatest technological tactics since the opening of the Bullion Depository.  It was interesting to me that the base is THE training spot for all army men training for artillery.  In fact the base itself was named after a great army artillery general named Henry Knox who was a good friend of George Washington.  The history of this Fort is really quite amazing.
     So all of this to guard some of the most important stuff in this country.  On the show they brought up the statement, “In Gold We Trust.”  The Gold Vault at Fort Knox is said to hold 4,570 Metric Ton valued at about $134 billion dollars.  Little did I know but this isn’t even most of the the US’ Gold suppository.  The Federal reserve in Manhattan has 5000 metric tons of Gold.  
     So with all this said.  If someone comes in and steals all of the gold in this country.  Does our money become nothing more than paper and metal.  Because really all of our money is supposed to be backed by this Gold and if our government no longer holds it, what would happen?  I don’t totally get the economy and how our money works.  I just think it is crazy the trust we put in this thing we call money.  I am not trying to question it rather trying to understand the complexities of our world.

~ by markyakey on October 6, 2008.