I was thinking today about gold manipulation. As the US has racked up almost 10 Trillion in debt. How much is the gold they claim to have worth in Fort Knox? Let's assume that they really do have it. What would happen if they just sold it all off?

I with the WEB (that's World Wide, not Dave) to see how much is in Fort Knox and there doesn't seem to be a consensus. Apparently it hasn't been audited since the early fifties and the US doesn't call it a reserve anymore. They do hold an oil reserve though which Obama has suggested he would sell off to flood the market with oil and drive down prices.

Since Gold seem sto lead most metals, I wondered if a President might also consider selling off the entire gold in FT Knox, which would drive down the price of gold and most metals, reducing inflation. What's more, the debt would get reduced as well. So why not?