THE FLAT EARTH SOCIETY
by Rob Kirby
KirbyAnalytics.com
March 4, 2007

In a sense, I’m deeply saddened that I feel so compelled to write this brief quip.  I feel compelled to do so in response to a ‘fellow writer / researcher’ who recently made the claim,

Lastly, I wanted to point to yet another commentary that questions the existence of the U.S. gold reserves, this time going as far as speculating that "Deep Storage Gold" held in the U.S Mint's custody actually means "unmined gold" instead of gold in "deep storage" underground vaults. After a lot of speculation rife with paranoia and logical incongruities, the writer innocently concludes:

"If monetary authorities were really on the ‘up and up’ – they could debunk everything presented here in a N.Y. minute - by simply opening the vaults of Ft. Knox and West Point to a proper, independent, third party audit."

Yet there is one operative concept in this statement that is assumed as fact whereas it is actually the key reason why the argument falls flat: the word "simply". The truth is, there is nothing "simple" about opening the gold vaults to third parties. The reasons for this should be obvious to anyone who understands the security industry or how government bureaucracy actually function. Among the key considerations are: cost vs. benefit (can the government really quantify in terms of dollars and cents its supposedly improved standing with a few conspiracy nuts), logistics (providing security clearances, dealing with constantly changing auditors not to mention the requirement under government auditing standards to rotate between auditing firms every three years, dealing with the Treasury seals on over 90% of the gold, re-assaying and weighing, etc.) and compromise of security (many of the security measures are known by only a few high-clearance individuals but these are measures which may be compromised during a third party audit regardless of the care taken).

I want to get “out front” on these assertions from a crowd of ‘flat earthers’ who are and will be in the due course of time shown to be so utterly and ridiculously wrong.

As Sprott Asset Management’s Mr. John Embry recently articulated in a national [Cdn.] forum,

“In a market as seriously manipulated as gold with the incredibly powerful fundamentals that it possesses, trying to be cute on corrections strikes me as a real mug’s game.  The good news on the manipulation front is that it has become so blatant that it is revealing distinct signs of desperation, a necessary precursor to its eventual cessation.”

Again, I’ll ask the most basic, for those who are literate, question – is it not prudent to REQUIRE an honest accounting of one of a nation’s most treasured reserve assets once every 50 years?

If an honest, independent – third party audit – is so offensive to our RULERS – then PLEASE TELL ME WHY – the IRS requires such a procedure – in many cases – every other year for those they RULE?

Is once every 50 years REALLY TOO OFTEN?

Shame on ANYONE who says – NO.

© 2007 Rob Kirby
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Rob Kirby
Kirby Analytics
Toronto, Ontario, Canada
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