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> [!abstract|no-i] **Episode Overview**
**Date Aired:** [[02-20-2025]]
**Title:** All That Glitters Is Not Gold
**Episode:** 413
**Description:** Old Mother Hubbard went to the cupboard to give her poor dog a bone. But when she got there, the cupboard was bare...
**Link:** https://rumble.com/v6nd9wl-big-dig-energy-413-all-that-glitters-is-not-gold.html
**Tags:**
%%<https://historydraft.com/happened/what-happened/1-January/world>%%
## Replay
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<iframe src="https://rumble.com/embed/v6l5d86/?pub=6eeyh" allow="fullscreen" allowfullscreen="" style="height:100%;width:100%; aspect-ratio: 16 / 9; "></iframe>
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## Greetings & Announcements
1. I will be doing a stream with Nina Infinity ([Rumble](https://rumble.com/c/NinaInfinity)|[Twitter](https://x.com/Nina7Infinity)) next Wednesday (the 26th) covering the latest digs and questions about the Brigitte Macron scandal. Starts at 8pm Eastern.
## Segments

### Gold Reserve Audits
[A First Glance At US Official Gold Reserves Audits](https://web.archive.org/web/20140331093424/http://www.ingoldwetrust.ch/a-first-glance-on-us-official-gold-reserves-audits)
> Ron Paul, who was a a well informed member of the US House of Representatives in 2011, proposed new legislation at the time to have yearly audits of the US official gold reserves: The Gold Reserve Transparency Act (not enacted). Only during the preparation of the congressional hearing Dr Paul became aware there had been yearly audits in recent decades. Strangely the biggest proponent of a gold standard in US politics didn’t have access to this information prior to the investigation. From Paul’s opening statement at the hearing June 23, 2011:
> - In a way, it seems as though someone decided to lock up the gold, put the key in a desk somewhere, and walk off without telling anyone anything. Only during the preparation for this hearing was my office informed that the Mint has in fact conducted assays of statistically representative samples of gold bars, and we were provided with a sample assay report.
>
> - …This information should be published and available to the American people. This gold belongs to the people, especially since much of it was forcibly taken from them in the 1930s, and the Government owes it to the people to provide them with the details of these holdings. We would greatly benefit from a full, accurate inventory audit and assay with detailed explanations of who owns the gold and who is responsible for ownership, custody, and auditing.
>
> After digging through a few documents regarding the US official gold reserves and audits that have been done from 1974 till present, I decided to write a post purely based on data published by the US government. This post will be part one of a series.
[Second Thoughts On US Official Gold Reserves Audits](https://web.archive.org/web/20150315043904/https://www.bullionstar.com/blogs/koos-jansen/second-thoughts-us-official-gold-reserve-audits/)
> The Gold Reserve Act of 1934 required the Federal Reserve to transfer ownership of the official gold reserves to the Department of the Treasury, in return it received gold certificates (that are mere redeemable for dollars). The US Mint was assigned to safeguard the Treasury Department’s gold, silver and other assets at several depositories across the US, among others at Fort Knox and Denver.
[U.S. Government Lost 7 Fort Knox Gold Audit Reports](https://archive.ph/fCIGj)
> Every year the gold in Fort Knox is ‘audited’ by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the (Deep Storage) gold was inspected. However, a Freedom Of Information Act request I’ve submitted in order to obtain all audit reports could not be honored. Seven reports are missing.
### The Fort Knox Swindle
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/the_fort_knox_swindle.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
### The Timeline
#### 1953
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/Fort-Knox-Audit-1953-VERIFICATION-OF-GOLD-AND-SILVER-BULLION-AND-OTHER-TREASURY-ASSETS.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
#### 1974

![[Petoskey_News_Review_1974_09_24_13.jpg]]
![[Lincoln_Journal_Star_1974_09_24_3.jpg]]
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/US-Mint-Fort-Knox-gold-audit-report-1975-1974-audit.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
#### 1981
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/Gold%20Commission%20Report%20Annex%20D.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
#### 2011
![[112-41.pdf]]
#### 2013
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/OIG13031.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
#### 2017 FOIA Records
[Photos and documents from Secretary Mnuchin's Fort Knox trip released](https://archive.ph/6IdDt)
<div style="left: 0; width: 100%; height: 0; position: relative; padding-bottom: 60%;"><iframe src="https://docs.google.com/viewer?embedded=true&url=http://sbik.site.nfoservers.com/PDFs/mint.ft..knox.production-3-29-18.final.pdf" style="top: 0; left: 0; width: 100%; height: 100%; position: absolute; border: 0;" allowfullscreen></iframe></div>
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