How Much Gold Is in Fort Knox? \ stacker news ~charts_and

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265 sats \ 8 comments \ @0xbitcoiner 20 Mar charts_and_numbers

U.S. President Donald Trump has promised to visit Fort Knox “to make sure the gold is there.”

Officially, the United States Bullion Depository (commonly known as Fort Knox) holds over half of the Treasury’s $428 billion of gold reserves.

In this graphic, we put that amount into perspective by comparing Fort Knox’s reserves with central bank gold reserves worldwide.

The data comes from the 🧈 U.S. Mint and the 🧈 World Gold Council. For illustrative purposes, we considered a pallet of 1,190 gold bars (400 troy ounces each) weighing approximately 14.8 tonnes.

🔗 visualcapitalist.com

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29 sats \ 5 replies \ @grayruby 20 Mar

Let's say zero just to make it fun.

63 sats \ 4 replies \ @0xbitcoiner OP 20 Mar

Let’s say Trump goes to check the gold reserves at Fort Knox and finds out there’s only a tiny fraction of the gold left. Two questions:

Do you think he’d expose the situation or keep it a secret?
If it came out that there’s no gold, what would happen to the global economy/markets?

Maybe @Undisciplined wants to weigh in on this too.

55 sats \ 3 replies \ @grayruby 20 Mar

Trump would definitely expose it so he could make news. I don't think anything substantial would happen. Maybe treasuries sell off a bit and yields rise as revaluing the gold to market value is no longer an option.

67 sats \ 2 replies \ @kepford 20 Mar

I seriously doubt that. He wants to brag about the economy and this news if true would have the opposite effect. He has so many ways to make news, he doesn't need to make the news in this way. If they actually do go make an event of "checking the gold" it will be a farce like the last time this was done.

26 sats \ 1 reply \ @Undisciplined 20 Mar

I agree with @grayruby, Trump’s really enjoying exposing the corruption of the past regime and I think it buys him more runway to do so.

26 sats \ 0 replies \ @kepford 20 Mar

Its possible but I seriously doubt he'd take it that far. He likes winning to much and this would not help him win IMO. Just think about the stuff that HASN'T been exposed and won't be because of the consequences.

I could see a Ron Paul doing this. Not a Donald Trump.

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11 sats \ 1 reply \ @fm 20 Mar

The Gold

21 sats \ 0 replies \ @0xbitcoiner OP 20 Mar