Gold & Silver Forum

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
-   Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
-   -   U.S. Treasury Gold Holdings (http://goldismoney.info/forums/showthread.php?t=78018)

Ardent Listener 10-30-2006 07:29 PM

U.S. Treasury Gold Holdings
 
<TABLE cellSpacing=0 cellPadding=0 width=770 border=0><TBODY><TR><TD width=10> </TD><TD>http://fms.treas.gov/_images/banner_without_tab.jpghttp://fms.treas.gov/_images/banner_tab_pubs.jpg <MAP name=BannerMap><AREA shape=RECT alt="Read FMS Web site privacy policy" coords=2,2,14,13 href="http://fms.treas.gov/privacy2.html"><AREA shape=RECT alt="Skip to Main Content" coords=19,2,31,13 href="#skip_top_navigation"><AREA shape=RECT alt="FMS home" coords=114,29,477,95 href="http://fms.treas.gov"><AREA shape=RECT alt="Department of the Treasury Web site" coords=114,107,701,131 href="http://www.treas.gov/index.html"></MAP><MAP name=BannerTab><AREA shape=POLY alt="FMS Publications Main Page" coords=21,67,8,99,220,99,220,67 href="http://fms.treas.gov/publications.html"></MAP></TD></TR><TR><TD width=10> </TD><TD noWrap bgColor=#ccbe81 height=25>
</TD></TR><TR><TD width=5> </TD><TD bgColor=#e0e8f4> </TD></TR><TR><TD width=5> </TD><TD bgColor=#e0e8f4 colSpan=2><FORM action=/scripts/search/ method=post><INPUT type=hidden value=10 name=CiMaxRecordsPerPage> <INPUT type=hidden value=/search.html name=HTMLQueryForm> <INPUT type=hidden value=[d] name=SortOrder> <INPUT type=hidden value=rank name=SortProperty> <INPUT type=hidden value=search name=TemplateName> <!-- Search: --> Find: <INPUT maxLength=50 size=14 name=CiUserParam1> in: <SELECT name=CiScope><OPTION value=/ selected>All FMS Pages<OPTION value=/annualreport>Combined Statement<OPTION value=/dts>Daily Treasury Statement<OPTION value=/fastbook>FAST Book<OPTION value=/finconn>Financial Connection<OPTION value=/fr>Financial Report of the U.S. Gov't<OPTION value=/strategicplan>FMS Strategic Plan<OPTION value=/faq>Frequently-Asked Questions<OPTION value=/goldbook>Gold Book<OPTION value=/gold>Gold Report<OPTION value=/greenbook>Green Book<OPTION value=/mts>Monthly Treasury Statement<OPTION value=/fedreg>Regulations<OPTION value=/ussgl>Standard General Ledger<OPTION value=/c570>Surety Bonds<OPTION value=/tinpolicy>TIN Policy<OPTION value=/bulletin>Treasury Bulletin<OPTION value=/tfm>Treasury Financial Manual<OPTION value=/ttlactions>Treasury Tax & Loan Actions</OPTION></SELECT> <INPUT type=hidden value=/search.html name=HTMLQueryForm> <!-- End basic query restriction section --><INPUT type=hidden value=search name=TemplateName> <INPUT type=hidden value=10 name=CiMaxRecordsPerPage> <INPUT type=image height=20 alt=Search width=52 src="http://www.fms.treas.gov/_images/btn_search.gif" border=0 name=image> Advanced Search http://fms.treas.gov/_images/right_arrow.jpg http://fms.treas.gov/_images/spacer_e0e8f4.jpg </FORM></TD></TR></TBODY></TABLE><!-- end banner with image maps --><!-- End Header --><TABLE cellSpacing=10 cellPadding=5 width=600><TBODY><TR><!-- Content Column --><TD vAlign=top align=left>http://www.fms.treas.gov/_images/logo_goldreport.jpeg

Return to Gold Report Homepage
Current Report: September 30, 2006

<TABLE width="100%" border=1><TBODY><TR vAlign=top><TH colSpan=5>Department of the Treasury
Financial Management Service
STATUS REPORT OF U.S. TREASURY-OWNED GOLD
September 30, 2006


</TH></TR><TR vAlign=top><TD>Summary</TD><TD align=right>Fine Troy Ounces</TD><TD align=right>Book Value</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Gold Bullion</TD><TD align=right>258,641,851.485</TD><TD align=right>$10,920,427,976.14</TD></TR><TR vAlign=top><TD>Gold Coins, Blanks, Miscellaneous</TD><TD align=right>2,857,047.831</TD><TD align=right>120,630,844.95</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Total</TD><TD align=right>261,498,899.316</TD><TD align=right>11,041,058,821.09</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Mint-Held Gold - Deep Storage </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> Denver, CO</TD><TD align=right>43,853,707.279</TD><TD align=right>1,851,599,995.81</TD></TR><TR vAlign=top><TD> Fort Knox, KY</TD><TD align=right>147,341,858.382</TD><TD align=right>6,221,097,412.78</TD></TR><TR vAlign=top><TD> West Point, NY</TD><TD align=right>54,067,331.379</TD><TD align=right>2,282,841,677.17</TD></TR><TR vAlign=top><TD>Subtotal - Deep Storage Gold</TD><TD align=right>245,262,897.040</TD><TD align=right>10,355,539,085.76</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Mint-Held Treasury Gold - Working Stock </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> All locations - Coins, blanks, miscellaneous </TD><TD align=right>2,783,218.656</TD><TD align=right>117,513,614.74</TD></TR><TR vAlign=top><TD>Subtotal - Working Stock Gold </TD><TD align=right>2,783,218.656</TD><TD align=right>117,513,614.74</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Grand Total - Mint-Held Gold</TD><TD align=right>248,046,115.696</TD><TD align=right>10,473,052,700.50</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Federal Reserve Bank-Held Gold</TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Gold Bullion:</TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> Federal Reserve Banks - NY Vault</TD><TD align=right>13,376,961.126</TD><TD align=right>564,804,727.98</TD></TR><TR vAlign=top><TD> Federal Reserve Banks - display</TD><TD align=right>1,993.319</TD><TD align=right>84,162.40</TD></TR><TR vAlign=top><TD>Subtotal - Gold Bullion</TD><TD align=right>13,378,954.445</TD><TD align=right>564,888,890.38</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Gold Coins:</TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD> Federal Reserve Banks - NY Vault</TD><TD align=right>73,808.979</TD><TD align=right>3,116,377.47</TD></TR><TR vAlign=top><TD> Federal Reserve Banks - display</TD><TD align=right>20.196</TD><TD align=right>852.74</TD></TR><TR vAlign=top><TD>Subtotal - Gold Coins</TD><TD align=right>73,829.175</TD><TD align=right>3,117,230.21</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Total - Federal Reserve Bank-Held Gold</TD><TD align=right>13,452,783.620</TD><TD align=right>568,006,120.59</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR><TR vAlign=top><TD>Total - Treasury-Owned Gold</TD><TD align=right>261,498,899.316</TD><TD align=right>$11,041,058,821.09</TD></TR><TR vAlign=top><TD> </TD><TD align=right> </TD><TD align=right> </TD></TR></TBODY></TABLE>Deep Storage: Deep-Storage gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint secures in sealed vaults, which are examined annually by the Department of Treasury's Office of the Inspector General. Deep-Storage gold comprises the vast majority of the Reserve and consists primarily of gold bars. This portion was formerly called "Bullion Reserve" or "Custodial Gold Bullion Reserve."
Working Stock: Working-Stock gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint uses as the raw material for minting congressionally authorized coins. Working-Stock gold comprises only about 1 percent of the Reserve and consists of bars, blanks, unsold coins, and condemned coins. This portion was formerly listed as individual coins and blanks or called "PEF Gold."
</TD></TR></TBODY></TABLE> Last Updated: Wednesday October 11, 2006

Ardent Listener 10-30-2006 07:40 PM

Re: U.S. Treasury Gold Holdings
 
The price of gold is calculated at the �official� price of gold, at $42.2222 per troy ounce. How come I can't buy gold from the treasury at that "official price"?:wink:

naccarato 10-30-2006 08:06 PM

Re: U.S. Treasury Gold Holdings
 
I have been waiting for them to up the "official" price since I first started buying in the early nineties, I still think they will do it one day.
It would be a windfall for them, and put a higher floor on Gold for me.

Krugerrand 10-30-2006 08:18 PM

Re: U.S. Treasury Gold Holdings
 
Maybe it's just a hunch, but I think if the average person heard that the Treasury or un-Federal Reserve were holding all this gold, they wouldn't have a second thought of it. But, if that same person heard that a random individual such as your or were holding gold, they'd probably think we were nuts/weirdos, or at least ask, "Why??"

Just what I think, and it would seem odd if it turned out to be true.

<SLV> 10-30-2006 08:33 PM

Re: U.S. Treasury Gold Holdings
 
Why is the "Federal Reserve Bank" (cartel) holding gold for the US Treasury?

Also, does anyone know the amount of USD in circulation? If all of this gold (supposedly) was used to back the USD, how many dollars would there be for every ounce?

Scorpio 10-30-2006 08:38 PM

Re: U.S. Treasury Gold Holdings
 
You know..........that is a whole lot of ounces,

but nothing in dollar value compared to the fiat outstanding.

Just an incredible difference.

Think of how much room it would take to store 261M ounces. Then how that is just a very small part of our annual budget, let alone our debt.

sliver 10-30-2006 08:43 PM

Re: U.S. Treasury Gold Holdings
 
Deep Storage: Deep-Storage gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint secures in sealed vaults, which are examined annually by the Department of Treasury's Office of the Inspector General.


'Sealed vaults' = down a mineshaft in the dirt somewhere

The Voice Of Reason 10-30-2006 08:47 PM

Re: U.S. Treasury Gold Holdings
 
Quote:

Originally Posted by sliver (Post 401600)
Deep Storage: Deep-Storage gold is the portion of the U.S. government-owned Gold Bullion Reserve that the U.S. Mint secures in sealed vaults, which are examined annually by the Department of Treasury's Office of the Inspector General.


'Sealed vaults' = down a mineshaft in the dirt somewhere

So deep they got another door to it in China.:haha:

Scorpio 10-30-2006 08:50 PM

Re: U.S. Treasury Gold Holdings
 
Voice,

LOL:coolbeer:

Curtman 10-30-2006 09:00 PM

Re: U.S. Treasury Gold Holdings
 
Quote:

Originally Posted by Ardent Listener (Post 401513)
The price of gold is calculated at the “official” price of gold, at $42.2222 per troy ounce. How come I can't buy gold from the treasury at that "official price"?:wink:

The reason the official price is $42.00 is so when the bankers seize it due to our dollars default they can only charge off $42.00 per ounce against the debt.

These people are scum I tell ya and they need to be dealt with. Since we have nothing but cowardly scum representing us we are not only going to be robbed as a nation of those assets but our personal ones too.

If that don't piss you off you haven't got a pulse. :rant:

sliver 10-30-2006 09:01 PM

Re: U.S. Treasury Gold Holdings
 
But seriously, I've heard from multiple sources that there hasn't been an audit on Fort Knox gold for decades. So where does this number 147,341,858.382 that is supposedly accurate to 1/1000th of an ounce come from.

rad 10-30-2006 09:42 PM

Re: U.S. Treasury Gold Holdings
 
This includes the gold that's leased out doesn't it.

I also am concerned that when the confication occurs they will pay the 42$/oz, though I think it is more likely they will pay spot. It doesn't hurt them much since they just print the paper.

naccarato 10-30-2006 09:58 PM

Re: U.S. Treasury Gold Holdings
 
Curtman, I never thought of that angle,The banks seize our country's Gold and only charge off 42 bucks an ounce against the debt. I think they can get away with it.
And yeah it gets me angry.

californiajeff 10-30-2006 10:00 PM

Re: U.S. Treasury Gold Holdings
 
I think there's a typo. This report has to be from 1976 not 2006.

Curtman 10-30-2006 10:04 PM

Re: U.S. Treasury Gold Holdings
 
I am serious. I am not so foolish to believe those that have robbed us in the past do not intend to do so again. These are career criminal scum man. We need to tell them to eat their federal reserve notes and re issue a currency backed in some part by gold and silver. No new gold inventories no new currency.

<SLV> 10-30-2006 10:06 PM

Re: U.S. Treasury Gold Holdings
 
Quote:

Originally Posted by Scorpio (Post 401586)
You know..........that is a whole lot of ounces,

but nothing in dollar value compared to the fiat outstanding.

Just an incredible difference.

Think of how much room it would take to store 261M ounces. Then how that is just a very small part of our annual budget, let alone our debt.

You're right... it looks like a lot of gold, but market value is "only" $157B. Small change in the scheme of things.

<SLV> 10-30-2006 10:25 PM

Re: U.S. Treasury Gold Holdings
 
http://www.federalreserve.gov/releases/h6/Current/

Using the narrow "M1" definition of money supply, there is $1,357,800,000,000 in "circulation". In order to "back" this amount of "money" with the (supposed) gold reserves of the USA, gold would have to be valued at $5,192.37 per ounce.

I'm OK with that.

Curtman 10-30-2006 10:31 PM

Re: U.S. Treasury Gold Holdings
 
Well it wouldn't be measured in todays dollars worth.

Does that figure of what is in circulation represent / include the leveraged paper that is a result of fractional reserve lending?


All times are GMT -4. The time now is 05:11 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM