That is how the gold got to Ft Knox in the 1930’s. The government paid for the peoples gold in paper currency under executive order. Shortly afterward, the currency was majorly inflated and gold prices soared. Basically, the federal government got all the gold and the banks got all the money. read more
Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. Its glittering gold bricks, totaling 147.3 million ounces (that's about $168 billion at current prices), are stacked inside massive granite walls topped with a bombproof roof. read more