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Ron Paul Say's Sell The Gold In Ft. Knox

 
LadyLeo
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05/17/2011 11:22 PM
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Ron Paul Say's Sell The Gold In Ft. Knox
The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.

The question has been ricocheting around the policy circles today. An analyst at the Heritage Foundation, Ron Utt, told the Washington Post that the gold holdings of the government are “just sort of sitting there.” He added: “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”

His comment came in the wake of not only the government having reached the statutory debt limit of $14.29 trillion but also the release of a report by the Heritage Foundation of a report on asset sales. The report outlined how a “partial sales of federal properties, real estate, mineral rights, the electromagnetic spectrum, and energy-generation facilities” might garner the federal treasury $260 billion over the course of the next 15 years.

The report did not mention the possibility of selling the government’s holding of 147 million ounces of bullion, which at recent prices of $1,500 an ounce, would be worth about $370 billion. But the possibility has not been lost in the policy debate now raging in Washington. The Wall Street Journal reported Monday that a group of Republican congressmen supports the idea of selling gold.

Officials of the Obama administration have taken notice — and disagree. The assistant Treasury secretary for financial markets, Mary Miller, wrote in a posting on the Treasury Department’s Website May 6 that “fire sale” of the government’s financial assets, including gold, would not be a “viable option.” She urged instead a raising of the debt limit.

more [link to www.nysun.com]
Anonymous Coward
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05/17/2011 11:23 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
What gold?
^Watcher^

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05/17/2011 11:25 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
lmao That gold has LONG been gone from Ft. Knox! Ron Paul should know this!

1 word...T U N G S T E N
Anonymous Coward
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05/17/2011 11:26 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
They know there is no gold in Ft. Knox. Calling a bluff
ksundsvold
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05/17/2011 11:32 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
support NOT Ron Paul until bernanke behind bars. R Paul is a closet globalist nazi. this scares me, Arrest the bankers, iceland did it, why cant we. If bernanke would return the 14 trillion he stole, there would be no budget problems. defund the un, this is one hey wont talk about. audit the army, find out where the 500 billion in opium money went. put that money in the treasury. do the same with al-cia-da and the coce money.
LadyLeo  (OP)

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05/17/2011 11:33 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
lmao That gold has LONG been gone from Ft. Knox! Ron Paul should know this!

1 word...T U N G S T E N
 Quoting: ^Watcher^


lol this story??

Fake gold bars! What's next?

[link to viewzone2.com]
Anonymous Coward
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05/17/2011 11:35 PM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
Idol1 5a RON PAUL IS CONTROLLED OPPOSITION 5a Idol1
anyfx

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05/18/2011 02:06 AM
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Re: Ron Paul Say's Sell The Gold In Ft. Knox
ok the math is just wrong 147 million times 1500 is 220.5 billion so I discount that whole story





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