After all, when we invaded Iraq, Libya, their Gold disappeared and went missing. Remember, Trump did say, “ He who holds the Gold makes the rules”.
Nope its gone
It’s in a bank in the middle of Beverly Hills in somebody else’s name.
Load of crap. The gold is gone.
This article is Grade A extra pure, cold pressed BS.
I think Ed Dowd is wrong on this one. And they will never go back to a gold backed currency if they can help it. They are trying to play games with crypto now and I don’t see that working either.
Too much gold? That’s an interesting theory, to be sure.
I still can’t wrap my head around this. Trump has spoken of the need for an audit of Fort Knox. That would be a reasonable thing to do.
An audit wouldn’t take much effort. A few investigators with a clipboard and a device to test the purity bars - that’s all you’d need.
But now we’re hearing nothing. Was Trump told something so bad that he shut up about an audit? It’s all very, very, strange.
🤔
Federal Reserve Paper Ponders Revaluing Gold Reserves To Market Price
Does he factor in this possibility in his analysis? More gold and a higher revaluing are both good things.
Now I'm off to watch the video. Thanks for the cue up.
There’s actually less gold there. Most, if not all, of the gold in Fort Knox is coin melt. Coin gold is 90% gold. The quotes you see in market reports are for .9999 fine gold. There’s a 10% or so differential if you use quotes to ascertain the value of it.
1953 to now...a MAJOR increase in value.
BUST the unconstitutional FED RES.
Time to bring back the steaming pantload alert meme
Unfortunately, I hid mine in my mother's basement.
While I was in the federal pen some maintenance dude found it and sold it for pennies on the dollar!
signed, Martin Armstrong
What?! Did Fort Knox lose the combination to the vault!?!?
The story disappeared so fast from the Enemedia, many conservative blogs, and even Elon, that it created a sonic boom across the Midwest.
ping
I’m not buying it. The gold is gone and the criminals that took it are still alive (Clinton / Bush / et al)
The reason Trump has so far not ordered an audit, is he has been busy doing other things.
This is Schroedinger’s Gold - it’s all there and more so and there is also absolutely nothing, but we won’t really know until we open the box.
What I do know is that resetting the US dollar to a much higher gold value has potential negative consequences.
Specifically, the US dollar has lost value in the world market recently. My foreign stocks have “gone up in value” mostly because they are based on their foreign currency market values.
While one might think that increasing the value of the dollar would be a good thing, it would make US exports more expensive for foreigners to purchase. That would hurt US sales and domestic employment.
When you look at the trends, you see Trump is pushing very hard to reduce tariffs imposed on US exported good to help our national economy and jobs. He is also pushing hard for foreign companies to move manufacturing to the USA and for the USA to become more “self sufficient” in the products manufactured in the USA.
Finally, a fact that will help mitigate negative consequences of a US dollar to gold price reset, is the mad rush to crypto currencies replacing gold as the world reserve currency.
What I do know is that the future is unclear and there are lots of trends that could benefit or harm the US economy in relationship to the amount (and value) of gold that backs the US dollar.