From how I understand it, the 8000 tons officially on the books was given to the federal reserve as collateral by the Treasury to underpin the fractional banking system after the gold standard ended. Treasury got it from the nationalization (theft) of gold in 1933. The period when gold was circulating as money was the richest and most productive period in American history - I assume the gold accumulated here through enterprise as well as mining.
I believe the rest you're referring to was sent from Europe to the US for safekeeping during and after WWII, since the US was the only place it wouldn't be looted. I think the US will have the last laugh as much of the foreign-owned gold is confiscated by the US during the next monetary crisis. This is why we've heard of several nations demanding their gold back.
Oh Dr. Martin Luther, thought we were talking about martin luther king for a second. Never realized he was prolly named after this guy, but anyway.
I remember reading a long time ago that most of the gold that was able to be mined by simple tools and human hands was on the north american continent, the native indians spent alot of effort collecting this stuff. They didnt do it to be rich though, they did it for god.
Native Americans generally did not collect gold before the arrival of Europeans for economic reasons. Gold was not a primary resource in their traditional societies. Instead, they valued other resources like land, which provided them with sustenance and a deep connection to their heritage. While some Native American tribes traded with Europeans for goods like metal tools and weapons, gold was not a common trade item.
What did england, france, and spain do when they descended upon this place, they went fucking insane with the lust for the stuff and stole most of it and shipped it back overseas, google says china and russia are some of the top producers of gold, but thats because they dig up massive amounts of dirt just to find a couple gold flakes. Most of what was americas was no doubt stolen from the indians.
It always trips me out to think that the amount of gold humans have found isnt even that much really.
The total amount of gold discovered to date is estimated to be around 244,000 metric tons. This includes gold that has been mined historically, as well as gold currently estimated to be in reserves. If all the discovered gold were gathered into a single cube, it would be about 23 meters wide on each side.
I still think its really weird that there is a pool of liquid mercury underneath the temple of the feathered serpent in mexico.
Yeah, about that Fort Knox audit…
From how I understand it, the 8000 tons officially on the books was given to the federal reserve as collateral by the Treasury to underpin the fractional banking system after the gold standard ended. Treasury got it from the nationalization (theft) of gold in 1933. The period when gold was circulating as money was the richest and most productive period in American history - I assume the gold accumulated here through enterprise as well as mining.
I believe the rest you're referring to was sent from Europe to the US for safekeeping during and after WWII, since the US was the only place it wouldn't be looted. I think the US will have the last laugh as much of the foreign-owned gold is confiscated by the US during the next monetary crisis. This is why we've heard of several nations demanding their gold back.
WWII.
It's not about holding onto any value...
The gov probably took most of it through bloody conquest. Remember Iraq? That probably wasn't the first time.
Oh Dr. Martin Luther, thought we were talking about martin luther king for a second. Never realized he was prolly named after this guy, but anyway.
I remember reading a long time ago that most of the gold that was able to be mined by simple tools and human hands was on the north american continent, the native indians spent alot of effort collecting this stuff. They didnt do it to be rich though, they did it for god.
What did england, france, and spain do when they descended upon this place, they went fucking insane with the lust for the stuff and stole most of it and shipped it back overseas, google says china and russia are some of the top producers of gold, but thats because they dig up massive amounts of dirt just to find a couple gold flakes. Most of what was americas was no doubt stolen from the indians.
It always trips me out to think that the amount of gold humans have found isnt even that much really.
I still think its really weird that there is a pool of liquid mercury underneath the temple of the feathered serpent in mexico.
There's no gold left...lol. those thief's stole that shit years ago