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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
by blindriver 2y ago
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.
- deleted 2y ago[deleted]
- quantified 2y agoMy understanding (sources absent) is that Fort Knox is more legend than fact these days anyway.
- elfbargpt 2y agoI 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 2y ago[deleted]
- rsynnott 2y ago> 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?