The US Federal Reserve’s physical gold assets are stored in Denver, Colorado, West Point, New York, New York, New York, and Fort Knox, Kentucky. An audit of Fort Knox has not been conducted since 1953. During the Great Depression, all US citizens were required to turn in their physical gold bullion and coins as well as gold paper certificates at the then current market rate which was $20.67 per 1 troy ounce. Failure to do so was punishable by steep fines and up to 10 years imprisonment. Almost o...
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