Petition Launched Calling for Audit of US Gold Supply

Very cool. The Treasury is not going to audit the gold. If it is all there, doubtful, the fineness of the gold is likely of very poor quality, but this petition is a great way to keep up the pressure.

Here' s the wording of the petition:

Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales.

As of 12/31/2012 the US Treasury claims to hold 261 million ounces of gold at Denver, Fort Knox, West Point and at the Federal Reserve Bank of New York. This bullion was last subjected to a full physical audit in 1953. The gold bars need to be assayed and weighed. Once the gold is verified the paper trail must be audited to determine who really owns the gold; i.e. how much has been loaned to bankers and dealers and sold or swapped to non-Treasury entities including foreign governments. The audit must include professional auditors outside of the Mint, Treasury, GAO, Inspector General and Federal Reserve system.

Sign the petition here, I just did.

(ht Kaarel Tamm)