General Question

luigirovatti's avatar

I want to know one thing: What's the regulatory police body guarding the USA state mint?

Asked by luigirovatti (714points) 2 weeks ago

Because, if there isn’t the mind could…let’s drop over the metal coins. Let’s focus on the bills. In my opinion, the metal stays where it stays, the bills are nothing but ink and paper. My point: if the mint prints less coins and bills than how many are necessary for the salary of an entire nation, the metal has some value in weight, that is, it can be paid in weight, but the bills are nothing but wastepaper. And, as a side note, in the USA, people recur to Fort Knox. But what about other nations? My hypothesis is that they’ll recur to forgers. Or other nations still must repay national debt of the first bankrupted nations. What do you guys think about all this?

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4 Answers

elbanditoroso's avatar

A couple of points:

1) Fort Knox is an active military base – the storage of gold is in the United States Bullion Depository, which is just a couple of acres on the military base. link So it is safe to assume that primary security protection is by the US Treasury department, but that the Army’s security is dealing with the area in general.

Second, Fort Knox is NOT the US Mint. United States coins are made in:
– Denver
– Philadelphia
– San Francisco
– West Point, NY

The mint is protected by the US Mint Police force.

luigirovatti's avatar

No, I meant, that Fort Knox have gold reserves useful in the case USA goes bankrupt. But what about other nations? What do THEY do then?

luigirovatti's avatar

Forget it, I was reading badly your post.

Tropical_Willie's avatar

@luigirovatti US Treasury department has about 1 % of the USA Gross domestic product.
Forged paper money is not on the nation that had the money copied?

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