A World Gold Council report shows the sector's contribution was greater than the GDP of over 150 different countries and larger than the total value of global overseas aid in recent years.
Every year the gold in Fort Knox is ‘audited’ by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the gold was inspected. However, a Freedom Of Information Act request (FOIA) I’ve submitted in order to obtain all audit reports could not be honored. Seven reports are missing.
Steve Todoruk, a broker at Sprott Global Resource Investments Ltd., has been calling attention to a trend that few investors have noticed in small gold miners.