The following chart shows the “official” position of both numbers:
Calls for an audit of Official U.S. Gold Reserves have been left unanswered. The true public debt with unfunded liabilities moves the red much higher.
Additionally, one of the most admired and read of the investment newsletter writers, Richard Russell, writes about what he calls, “The Great Gold Rip-off.” In his recent newsletter, he is quoted as saying:
“My guess is that China and Russia soaked up a good deal of the bargain-priced gold near the bottom of the panic. China waits patiently while the US spends its way into bankruptcy. Which reminds me, there’s still lots of talk about the true amount of gold owned by the US. Then why the hell doesn’t the government or the Fed finally audit our gold holdings and put an end to the rumors? From what I understand, neither the Fed nor the US government want an audit. If the gold is really there, then why don’t they put an end to all the rumors? For heaven’s sake, let’s have an audit — or is there really something to hide?
I feel we are besieged with rumors, secrets, lies and manipulations. I’ve felt this way before, but I’ve never felt this strongly that we (Americans) are being lied to and manipulated. What’s to hide? Jesus told us that we must know the truth, and the truth will make us free. Then for God’s sake, start telling us the truth! My intuition tells me that if it’s a secret, it’s probably evil. Ultimately, good or bad, everything comes to light– although it may take time.”
To subscribe to his newsletter, click here: https://ww2.dowtheoryletters.com/ServicesOnline.nsf/Subscription+Form?OpenForm