Looks like Trump is the best thing that ever happened to Gold. Go Trump!!
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President Trump had better get busy.
A lot of the gold at the Fed in NYC does not belong to the US. Countries and bullion companies will keep their gold in the vault there to make transactions easier and for security.
There is no obligation for private vault renters to “account” for the gold in their vaults (outside of their personal, private inspections.)
Government records state we hold about 8,100 tons. Ft Knox supposedly holds about 4,000 tons, the rest is held at Denver, West Point Mint and the New York Federal Reserve.
The very first location ( the “ easy” one) should be the Federal Reserve stash in NY as they are the known crooks.
Just because he saw gold in the NY Fed does not mean the US owns that gold. Gold changes ownership and not necessarily location. Example German gold in NYC!
It’s all pretend.
More information….and questions.
https://www.bullionstar.com/blogs/ronan-manly/gold-bullion-stored-us-mint-denver/
The gold is in the same place as the Epstein files.
bkmk
Official .gov records.
Looks good, I guess it’s all there.
“The last full audit of US gold reserves occurred in 1953 under President Eisenhower.”
Since not auditing gold reserves massively contradicts any kind of security protocols, it means some massive chicanery is underway and has been for decades.
It makes as much sense as a bank neglecting to balance its books or run any audits at all.
“…after Nixon abandoned the gold standard.”
This is one of the most oft repeated lies in history. It was Roosevelt who did that in 1933 - all Nixon did was stop foreign central banks from plundering our gold reserves.
Thanks to Roosevelt, American citizens could not own gold or redeem their dollars for gold - but foriegn central banks still could - but it was worse than that:
When Americans were forced to turned in their gold, the government gold reserve increased massively, which was the whole point. The government was required to have a 40% gold reserve - so the massive increase in the gold reserve meant they could massively increase the money supply - $50 for every $20 worth of gold.
The massive increase in US dollars caused the market price of gold in dollars to rise significantly - but foreign banks and investors could still redeem their devalued dollars for their face value in gold. While this face value redemption price was adjusted upward periodically, it never came close to the true market price of gold - so for decades, foreign central banks were free to plunder our gold reserves at below market rates - until Nixon put a stop to it.
Thank you President Nixon!
I remember, 55 years ago, the claim there was no gold in Fort Knox. When one of the vaults was opened the gold glistened beautifully. Then came the claim it was just gold covered lead.
I was just asking ChatGPT the status yesterday...
I thought trump and Doge were going to audit Fort Knox. Did anything happen yet?
ChatGPT said:
As of April 10, 2025, no official audit of the gold reserves at Fort Knox has been conducted by President Donald Trump or Elon Musk’s Department of Government Efficiency (DOGE). While both have publicly expressed interest in verifying the presence of the nation’s gold reserves, and there have been discussions about organizing such an inspection, no formal audit has taken place to date.
Treasury Secretary Scott Bessent has assured that the gold reserves are audited annually and are fully accounted for.
In the meantime, the Government Accountability Office (GAO) has initiated an audit of DOGE itself, focusing on concerns regarding its handling of sensitive data within various federal agencies.
WIRED
Therefore, while there is ongoing interest and discussion about auditing Fort Knox’s gold reserves, no such audit has been conducted as of now.
You said:
Did I read something about the possibility of marking the gold to market and thus improving the government’s balance sheet?
ChatGPT said:
Yes, discussions have emerged regarding the potential benefits of revaluing the U.S. government’s gold reserves to reflect current market prices—a process known as “marking to market.” Currently, these gold reserves are recorded at a statutory value of $42.22 per troy ounce, a figure established in the early 1970s. In contrast, the market price of gold has risen significantly, approaching $3,000 per ounce as of early 2025.
Revaluing the gold reserves to align with current market prices could substantially enhance the book value of these assets on the government’s balance sheet. This adjustment could potentially provide the Treasury with additional financial flexibility, such as delaying the need to raise the debt ceiling or creating opportunities for new fiscal initiatives.
However, it’s important to note that such a revaluation would primarily represent an accounting change rather than an actual influx of funds. While it could improve the appearance of the government’s financial position, it wouldn’t directly reduce the national debt or eliminate underlying fiscal challenges. Treasury Secretary Scott Bessent has indicated that there are no current plans to pursue this revaluation.
In summary, while marking the gold reserves to market could enhance the government’s balance sheet on paper, it would not provide a comprehensive solution to broader fiscal issues.
It’s in a bank in the middle of Beverly Hills
In somebody else’s name...
it would confuse the hoopleheads but the well-read would be better-informed if the author had made clear whether these were Troy ounce/tons or avoirdupois.
Gold is customarily weighed in Troy units and a Troy ounce is heavier than an ounce avoirdupois, 31.1 grams vs 28.35 grams, but there are only 12 Troy ounces in a Troy pound.
So a pound Troy weighs 373.2 grams but a pound avdp weighs 453.6 grams, a difference of almost 18%. A ton Troy is still 2000 pounds Troy so a ton of gold weighs 17.7% less than a ton of artichokes.
And the absence of mention of which system of measurement was used gives me to believe that Martin Armstrong doesn’t know gold is measured under a different system and he’s merely regurgitating what was in the report.
BETCHA MUSK & HIS WIZARDS CAN DO IT IN LESS THAN A WEEK.
Looks like Trump is the best thing that ever happened to Gold. Go Trump!!
.