Trump will tag along as Musk visits Fort Knox gold reserve: “We want to see if the gold is still there”

KITCO Gold Blog ^ | February 24, 2025 | Ernest Hoffman

[frogjerk]

All that gold is the American People’s as they were robbed by FDR in plain sight.

[Regulator]

Yup. And three generations don’t have any clue about that.

[Ruy Dias de Bivar]

People had doubts about the gold being gone in 1968. If it is still there they need to make sure it is not gold painted lead or tungsten.

There is a joke going round that gold spray paint and bricks are hot sellers in that area right now.

[Liz]

Fort Knox in Kentucky.

[Sacajaweau]

Okay...that helps and I believe it.

[Old Yeller]

Have Whorealdo go too. It may be appropriate.

[Old Yeller]

Treasury Secretary Scott Bessent said last week that there is an audit every year and that “all the gold is present and accounted for.”

If he believes that, he's "trustingly naive"

[Sacajaweau]

So you think no one knows?? Of course there are people that know. Fort Knox is not exactly a secret.

[sten]

They will gladly let you spot check the bars they point out.

do not trust them.

TEST EVERY BAR

[Mariner]

If the gold is not there it will be an economic calamity like we have never witnessed before.

And if it’s bad for us, it’s a worldwide disaster.

Buckle up.

[libertylover]

How does he know?

Good question. This may be more of a dog and pony show than anything serious. To really know anything about it, you'd have to weigh it and you'd have to test that it's really gold and not lead painted a shiny gold color.

And if a shortage was found, what would that do to the global financial markets? That's beyond my knowledge.

[Sacajaweau]

I have this very old doorstop...It looks like gold to me...but I had to be sure so I looked up the weights of lead, brass, bronze and gold and weighed it.

Sometimes a doorstop is just a doorstop. :-(

[JSM_Liberty]

What makes you think that Scott Bessent is a Democrat?

[Republican Wildcat]

He’s always been a Democrat...not sure if he officially switched or not.

[CIB-173RDABN]

My question is why security is so tight?

Another question is why the secrecy?

If I was suspicious person I would say the gold has already been sold off and all they will find is an IOU from the treasury.

[4Runner]

The numbers are strange. Eight thousand tons of any metal would put a hole in the earth. That much weight would need to be spread out over a fifty-square-mile tract of land to be supported by anything underneath it.

Something isn't right about these estimates.

Just running the numbers on the valuation of that much gold at $2,862 per ounce gives that amount of tonnage a value of $740 trillion, vastly exceeding even the national debt. If we owned that much gold we wouldn't owe anyone anything.

[TalBlack]

I’ve always wondered how they would get the gold out of Knox without everyone being in on it?

[shadeaud]

Back in the day @ guardmount, each squad leader report “all present OR accounted for

[Blennos]

I calculate 742 Billion dollars not Trillion. 8000 tons x 2000 lbs per ton x 16 ounces per lb x 2862 dollars per ounce. Am I wrong in this calculation?

[teeman8r]

yes it may be gone... but if it is not, i would love, and pay to go on a tour to see the warehouse full of gold... buy some gold chocolate bars in the gift shop... get a tshirt that says i visited Ft Knox and all i got was a lousy tshirt...

could be yuge.