“If gold is not there we will be very upset”
Elon’s musk raised concern about whether Fort Knok still keeps gold worth $ 425 billion. The posts remodeled the old conspiracy theory of the goal gold and set fire to the discussion on the benefits of Bitcoin. Donald Trump said he would revise “Frablet Fort Knok”.
As the head of the Department of Government efficiency, the musk has recently been occupied in terms of government institutions. Fort Knok was another target for his daring eyes while musk was published by an X-fast that “I was cool to do video hallway video direction for Fort Knox”.
Sen. Mike Lee encouraged the discussion when he responded to Musk that despite the Senator, he was denied by Fort Knok’s access to several occasions without an appropriate cause. Musk replied that the American public was the true owner of gold preserved in Fort Knok and asked if someone could confirm that gold there was there.
The discussion continued with many expression of supporting the idea of public audit the largest gold reserves in the US Fort Knok Reserve retains 147 three of gold, more than any other warehouse in the country.
The gold Fort Knok is lacked by the old conspiracy theory, infused by an extremely low level of transparency reserves. It is difficult to enter this warehouse even military basic standards.
Inability to ensure that gold is present in the Depositary asks questions about the responsibility and revision of transparency standards.
Has Fort Knok passed regular audits?
Regular audits take place. The US government issues monthly reports that determine the amount of gold stored in each warehouse. Proponents of missing gold theories do not buy these reports and want to get evidence. However, restrictive policies that do not allow visitors to the determining Knox only make people suspicious.
You probably saw a striking statement that Fort Knok has been revised for 50 years. It’s not far from the truth.
In fact, the last public revision of Fort Knok happened 24. September 1974. years, when several congressman and journalists were allowed in the Depositary. They entered the warehouse, examined gold and photographed. The previous tone when he determined Fort Knok, such revision was held in 1943. years.
The announcement He was dedicated to the part of 1974. year that the event marked a change in long-term policies without visitors. According to him, the Congress Inspection was adhered to the new Policy of the Open Door of President Ford. However, as we know today, Fort Knok doors was closed shortly after visiting the next 40+ years.
During the previous stage of Donald Trump, 2017, the Secretary of Treasury Steven Mnuchin managed to obtain a permit to visit the deposit of Bullion accompanied by Kentucky Elected Officials. Unlike inspection from 1974. years, this event She was quite private, without the media present.
Mnuchin received a return for the inappropriate use of military travel planes to Fort Knok, spending an additional 9,000 taxpayer money.
The fact that the visit took place at the day of total sunshine, which Mnuchin noted from the roof of Fort Knox, which is near the roadside, one of the best points to watch eclipse, raised additional criticism. Photos of him and his peers in front of the golden brick were published in 2018. years. This tour in Fort Knok is difficult to adhere to the audit criteria.
It is not proof that any part of the gold Fort Knok is missing. However, the lack of transparency and clear responsibility set a good climate for speculation and alternative solutions.
Bitcoin enters the discussion
Gold often compares to Bitcoin, especially now, when national gold reserves are not such a hot topic as Bitcoin reserves. There is no wonder that the inability to verify the consistency of gold reserves is extracted by discussions in Cripto Community.
Is gold fort gold for sure or not, Bitcoin is a tool that would not set any of these concerns, they say Bitcoin advocates say.
More and more experts claim that Bitcoin is better than gold. In the Fort Knok case light, Bitcoin shows greater transparency and ease of users and transport. It is much easier to cross the border with a bitcoin of $ 5 million from gold or cash. More than that, ownership of bitcoin is each person verified with the device connected to the Internet. The support situation fortresses us that we do not have such an opportunity with gold.
More than that, more traditional property such as Bitcoin ETF or ETPs are transparent as Bitcoin. The Duke’s Bradley looked like in X to remind everyone why Bitcoin was much more reliable than gold. Said why trust when you can check?
Bernstein Analytics says we will now be gold to buy Bitcoin
One of the reasons why Bitcoin Makis could deal with the possible lack of gold in the depositor Bullion is that at some point American government will start selling gold for the acquisition of more bitcoin.
According to Gautam ChhuganiBernstein analyst, if established by the Bitcoin Strategic Reserve, the Federal Reserve will need to look for funds to buy Bitcoin. It can issue a debt (which is contrary to the promulgated purpose of setting a strategic reservation Bitcoin) or sells some of the gold reserves.
Men’s concerns did not pass the unnoticed potus. 20. February, Musk published a clip with Trump by saying that “Fabled Fort Knok to ensure that gold there.” “If gold is not there, we will be very upset,” Trump added, smiling.
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2025-02-20 14:06:00
