Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit
Congressman Paul Endorses the Idea, Amid Showdown Between Congress, Administration
By DAVID PIETRUSZA, Special to the Sun | May 17, 2011
NEW YORK — 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.”
Article continues: http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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