I've read an article today which hasn't gained as much publicity as I think it should have received:
, a texan congressman who even I, although German have heard of already, just called to mind
what a lot of people already believe: That there is maybe no more gold in Fort Knox
, the U.S. Gold Bullion Depository. Ron Paul simply wants an independent audition of Fort Knox to see if there is still gold.
The US have denied any independent auditing for decades and refuse to do so still today. It is an open secret that the gold price is being manipulated and artificially held down, but recently, this hasn't worked out that well, the gold price is celebrating all time highs during the last year. If it would turn out to be true, and there is no more gold in Fort Knox, and the US government has lied to the people (how shocking!), the gold price would probably explode. No idea what impact what this would have on the dollar. Maybe the economy and the dollar will simply break down, as Greenspan said, the gold price is basically a fever thermometer for the paper money. But anyway running a broken economy by lying to the people will also result in the same.
If I had some money left, I think this would be the ideal time to buy some gold now. ;-) Quite interesting times we live in today.