Finally! - Bill Introduced for full audit on Fort Knox
Автор: As Good As Gold
Загружено: 2025-06-19
Просмотров: 1613
Описание:
A group of Republican lawmakers, led by Representative Thomas Massie, have introduced a bill to conduct a comprehensive audit of the U.S. gold reserves held at Fort Knox, according to news reports. This proposed audit would be the first of its kind since the 1950s.
Here's a breakdown of the key aspects:
Bill Name:
The Gold Reserve Transparency Act.
Purpose:
The bill aims to provide greater transparency regarding the nation's gold holdings by requiring a full physical audit and inventory of all U.S. gold reserves.
Key Requirements:
The Government Accountability Office (GAO) would be tasked with conducting a comprehensive audit, including a physical assay and inventory.
This audit would need to be completed within one year, and repeated annually.
The bill also mandates the disclosure of all gold-related transactions over the past 50 years, including purchases, sales, loans, and leases.
Rationale:
Proponents argue that the current statutory gold price is outdated and that a full audit is necessary to ensure the integrity and proper management of the nation's gold reserves.
Historical Context:
The last comprehensive audit of the U.S. gold reserves was conducted decades ago, and the current bill seeks to address concerns about transparency and accountability.
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