It is true. The Treasury sold the 3 Billion ounce or 100,000 Tons of silver they had in the 1950s, and then the 400 Million ounce silver or so strategic stockpile got sold/used up by the early 2000s.
This shows that the Treasury had 3.28 billion ounces of silver at the end of 1942. Many people claim (a/k/a have fallen for) the U.S. having 5.9 Billion ounce of silver at one time, but that seems to include coinage (or was perhaps simply made up).
300,000 Tons of Gold and other treasures
This gold find in the 1940's would have crushed the value of monetary gold around the world, per Weir. Because the US Government was the largest holder of monetary gold, it would have significantly devalued the US monetary reserves if made public . Too, its revelation would allow claims from certain Asian countries that the gold belonged to them. This would upset the balance of power and wealth in the region.
http://digicoll.library.wisc.edu/cg...inYB1941.p0081&id=EcoNatRes.MinYB1941&isize=M
http://www.marketoracle.co.uk/Article8813.html
http://uscode.house.gov/download/pls/31C51.txt
This shows that the Treasury had 3.28 billion ounces of silver at the end of 1942. Many people claim (a/k/a have fallen for) the U.S. having 5.9 Billion ounce of silver at one time, but that seems to include coinage (or was perhaps simply made up).
300,000 Tons of Gold and other treasures
This gold find in the 1940's would have crushed the value of monetary gold around the world, per Weir. Because the US Government was the largest holder of monetary gold, it would have significantly devalued the US monetary reserves if made public . Too, its revelation would allow claims from certain Asian countries that the gold belonged to them. This would upset the balance of power and wealth in the region.
http://digicoll.library.wisc.edu/cg...inYB1941.p0081&id=EcoNatRes.MinYB1941&isize=M
http://www.marketoracle.co.uk/Article8813.html
http://uscode.house.gov/download/pls/31C51.txt