The Gold in Fort Knox

[angie_nrs]

Here's an interesting video regarding the gold in Fort Knox. Reagan tried to tie us back to the Gold standard back in the 80's and it's interesting to hear why he failed.
https://m3.gab.com/media_attachments/31/9f/aa/319faa87272e34b62d6716ffa8fbee1c.mp4

There's some interesting posts in the following thread which inspired this one. Fort Knox has been spoken of by Musk and Trump and it seems an audit is going to be in the works with the DOGE team.
https://www.homesteadingforum.org/threads/doge.39172/page-3

Trump has said that he wants to end the Fed and go back to the gold standard. It seems that the two must go hand in hand. If he can educate Americans on how the Fed stole the gold of the people (regardless if it's in Fort Knox or not), then he can presumably get the gold back and give it back to the people......and end the Fed. Basically, without the gold, the Fed has no funds and is bankrupt. I think this is why Trump has brought this issue to the forefront. I think it's going to take a lot of time to make the transitiion back to the gold standard, but I think that's what he's got in mind.

If the gold isn't there then where is it? Many speculate that the Vatican has it. It's interesting that this topic is hot right now and the Pope is having major health issues. Of coarse, there are other speculations on where it might be as well.

In the meantime, consider what that means for PM's. If the audit happens and the vaults are indeed full of REAL gold, does that affect the price of your PM's? My thought is, since the people believe there is gold in the vault already, then NO, I don't think it affects PM prices. However, if an audit happens and there is no gold there.....then Yes, I think PM's rise substantially.

 

[teeceetx]

It's a pretty sure bet that gold has been pilfered from Ft. Knox.

With no true audit since the 1950's, that pretty much guarantees some will be missing.

The only question is how much!

 

[Snowman]

https://www.homesteadingforum.org/threads/doge.39172/post-1073378

 

[Hardcalibres]

There is enough gold on the whole planet to back all the USD in circulation......but what would the US trade for enough gold to back the USD??????.........and in the mean time, the US is well and truly addicted to creating new money out of thin air.

The US runs a trillion dollar trade deficit every year now.......the biggest in human history.......and pays for that with newly created money.

The US stopped putting more gold in Fort Knox, back when the value of USD in circulation, was a tiny fraction of what it is now.

So the US wont be going back to the gold standard.

In the mean time, China has been hoarding gold for a couple of decades......they mine it themselves, trade it for goods and earn it with trade surpluses.

They play the long game......... and they have a plan.

 

[elkhound]

There is enough gold on the whole planet to back all the USD in circulation......but what would the US trade for enough gold to back the USD??????.........and in the mean time, the US is well and truly addicted to creating new money out of thin air.

The US runs a trillion dollar trade deficit every year now.......the biggest in human history.......and pays for that with newly created money.

The US stopped putting more gold in Fort Knox, back when the value of USD in circulation, was a tiny fraction of what it is now.

So the US wont be going back to the gold standard.

In the mean time, China has been hoarding gold for a couple of decades......they mine it themselves, trade it for goods and earn it with trade surpluses.

They play the long game......... and they have a plan.

They bought the largest gold producing mine on planet...all the gold mined goes straight into chinas coffers.