New federal legislation requires a full audit of the gold reserves of the United States

Washington, DC (May 8, 2019)  - The representative of the United States. UU. Alex Mooney (R-WV) introduced legislation this week to provide the first audit of the gold reserves of the United States since the Eisenhower administration.

The  Law of Transparency Gold Reserve  (HR 2559), supported by the Defense League Money Money and advocates of government responsibility, directs the Comptroller of the United States to conduct a "thorough analysis, inventory and audit of all gold reserves, including gold "deep storage 'of the United States in the place or places where such reserves are saved."

However, HR 2559 requires more than a physical analysis, inventory and auditing. Even if all the gold in the United States can be physically counted, however, it may be subject to obligations of third parties or otherwise be affected by the bank financialization.

Therefore, the bill audit gold Mooney also requires "a full accounting of any and all sales, purchases, payments or receipts ... a complete accounting of each and every one of the charges, including those due to leases, swaps or similar transactions currently in existence or entered in [in the last 15 years and] an analysis of the adequacy of the measures taken to ensure the physical security of such reserves. "

Rep Alex Mooney (R-WV)

Over the years, the US Treasury has faced accusations that it has sold, traded, leased or imposes taxes on some of the gold reserves of the United States.

At the same time, Russia and China are accumulating physical gold at a pace that experts believe could ultimately threaten the financial dominance of the United States and, by extension, national security.

The bill audit Golden Mooney Representative seeks to restore confidence in the administration of US gold, a vital and strategic financial asset that does not involve counterparty risks of national currencies backless.

"The Treasury EE. UU. He has refused to provide the American people an understanding and inventory of gold holdings of our nation , " said  Mooney Representative  . "

Private holdings gold  metal deposits  are audited routinely, but the US Treasuries. UU. He has not allowed an audit and inventory analysis (independent or not) of the gold reserves of the United States  since 1953  .

Deposit bullion United States (Fort Knox, Kentucky)

In fact, HR 2559 provides the first true and complete audit because the audit conducted during the Eisenhower administration never really completed. HR 2559 also requires a new audit every 5 years thereafter.

"Given the strategic importance of monetary gold, there should be no doubt about their status and security," said Jp Cortez, policy director of the Sound Money Defense League.

"The US Treasury should be kept at least to the standards of private depositories and public companies when it comes to financial governance".

The bill directs the Government Accountability Office toprovide the results of the audit to the Congress and made available to the public without redactions. The text of HR 2559 can be found  here  .

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The  Defense League Money Money  is a public policy group that works to recover gold and silver as money US Constitution. The organization also maintains the  index  solid money from the United States,  which classifies sound money policies of the 50 states