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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

#11

Post by seanmcdirmid »

smgit wrote: post #10
SavageBeast wrote: post #9

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.

Also, new bullshit today prevents people from thinking too deeply about yesterday’s bullshit. If Trumpers thought too long about yesterday’s report on those 150 year olds getting SS, they might realize all the holes in it, so distract. We are truly in an idiocracy.

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

#14

Post by [deleted] »

elfbargpt wrote: post #6
blindriver wrote: post #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 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

[deleted]

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

#15

Post by quantified »

hilux wrote: post #12
jethronethro wrote: post #7

Wondering if he's looking for some to decorate the bathrooms at Mar-a-Lago ...

That was my first thought. If he decrees that the contents of Fort Knox be moved to Mar-a-Lago, who will stop him?

Everything he does as an official act is protected. So he can loot what he wants from the executive branch. I almost want him to go ahead and grab some, it'd be hilarious. Let's have a photo op with gold bars.

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

#17

Post by rapnie »

jethronethro wrote: post #7

Wondering if he's looking for some to decorate the bathrooms at Mar-a-Lago ...

"Dear fellow Americans. The conspiracy theory that the gold no longer is at Ford Knox is hereby confirmed true. We are totally transparent. Wink wink."

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

#20

Post by rsynnott »

blindriver wrote: post #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 a…

> According to the depository's website, there are currently 147.3 million ounces worth of gold bars in Fort Knox.

That's about 4,200 tonnes. Estimates vary, but total amount of gold worldwide seems to be in the 150k to 250k tonne range. So honestly it wouldn't be _that_ big a deal?

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