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Trump says he will check amount of gold stored at Fort Knox

bloomberg.com

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Re: Trump says he will check amount of gold stored at Fort Knox

#2
Anyone who is even remotely involved in precious metals knows that Fort Knox is the center of one of the biggest goldbug conspiracy theories. The story is that Fort Knox doesn't have as much gold as they are purported to have, which means that total US gold stores are less than they say they are, which means physical gold is worth much, much more than it currently is. It's the Holy Grail of gold conspiracy theories and the fact that Trump is going to audit Fort Knox is actually really hilarious.

At this point I won't be surprised if he declassifies all of the UFO/UAP files.

Re: Trump says he will check amount of gold stored at Fort Knox

#4

Anyone who is even remotely involved in precious metals knows that Fort Knox is the center of one of the biggest goldbug conspiracy theories. The story is that Fort Knox doesn't have as much gold as they are purported to have, which means that total US gold stores are less than they say they are, which means physical gold is worth much, much more than it currently is. It's the Holy Grail of gold conspiracy theories a…

[deleted]

Re: Trump says he will check amount of gold stored at Fort Knox

#5

Anyone who is even remotely involved in precious metals knows that Fort Knox is the center of one of the biggest goldbug conspiracy theories. The story is that Fort Knox doesn't have as much gold as they are purported to have, which means that total US gold stores are less than they say they are, which means physical gold is worth much, much more than it currently is. It's the Holy Grail of gold conspiracy theories a…

My understanding (sources absent) is that Fort Knox is more legend than fact these days anyway.

Re: Trump says he will check amount of gold stored at Fort Knox

#6

Anyone who is even remotely involved in precious metals knows that Fort Knox is the center of one of the biggest goldbug conspiracy theories. The story is that Fort Knox doesn't have as much gold as they are purported to have, which means that total US gold stores are less than they say they are, which means physical gold is worth much, much more than it currently is. It's the Holy Grail of gold conspiracy theories a…

I hope they do check just for the sake of entertainment, but I can't imagine gold would be worth that much more if it was empty. I just googled and there's supposed to be about ~280 billion dollars of gold there. Which is a lot but I think there's about $12 trillion of gold in circulation

Re: Trump says he will check amount of gold stored at Fort Knox

#8
Small tech moment: the Ex-head of ARIN, ex-ICANN board member was one of the bodies falling over in "goldfinger" (1964) by virtue of being posted to Fort Knox during the filming.

The exterior shots are real. The interior shots are pinewood studios in the UK. That's not how the gold is actually stored.

Re: Trump says he will check amount of gold stored at Fort Knox

#10

At this point I think its more of a strategic reserve of gold for non-financial purposes. In terms of our budget/debt/spending its not a significant amount. We could sell it all and make not one dent in anything.

He has to announce some bullshit every day to Capture Attention or someone else is going to get the Attention. And that puts pressure on him to keep announcing things, more than anything else.

Given how the Attention Economy works Content keeps exploding, but eyeballs and time to consume it all don't grow at the same rate, so post frequency and absurdity of the posts shall grow with time. Keep count.

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