What if Fort Knox does not have the gold reserves of the USA?
21st February 2025
What if Fort Knox does not have the gold reserves of the USA?
Dear Fellow Investors,
Namaste! Recently, I came across two tweets – one from Trump and other from Musk. They are as under.
1. President Trump says the United States will check and ensure the Fort Knox Gold supply is accurate.
2. I asked Ron Paul if he believes the United States still owns all of its Gold.
He acknowledges the Gold is likely physically there but questions who actually owns it due to borrowing, leasing and financial gimmicks.
He strongly supports an audit on the Gold.
@elonmusk.
So, they are worried for the GOLD. As per the above – they have the gold but they may not own it as they might have leased it.
Let us remember what the PROFESSOR said in the Money Heist: -
Professor asks Martin: - What is the country’s gold?
Martin : - Wealth.
Professor: - No. It’s an illusion. It’s useless. Spain doesn’t pay for anything with that gold. Not one transactions. It’s merely Psychological.
This is applicable to all the gold with an individual or the country. In India – we hold gold for the rainy days and gold is the last thing people sell. It’s just Psychological as the professor said in the series.
What about the USA?
The gold value is hardly USD 700- USD 800 billion as per the price. The market cap of the magnificent 7 stocks is USD 16 Trillion. Total market cap of Dow Jones companies is USD 27.70 Trillion. The GDP of the USA is 28 Trillion or so. The value of gold is just 3% of the GDP.
The point is the USA has many other forms of wealth apart from Gold. Also, gold is just 3% of the GDP. In the USA – they pay 6% brokerage to buy a house. So, 3% is nothing compared to the size of the economy and other businesses, particularly Technology oriented and Defence oriented.
So, if at all the USA doesn’t have the GOLD – nothing much will change at the macro levels for the USA.
What will change?
If the gold is not owned by the government as RON PAUL is feeling – that will add to the deficit of the USA. It will come to the books. In this case – the USA didn’t have the gold – it was just a belief that they hold the gold. So, with the AUDIT the really will be reflected in the USA balance sheet.
However, if the GOLD is not there PHYSICALLY and it comes in the public – it will be a very big scam in the USA and the World. Gold prices will get heavily affected. The USA plan to revalue will not happen and the DOLLAR value can go down. It means the GOLD prices will jump fast.
As told in the Gold Revaluation post – this is a developing story and we will keep sharing our views.
Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.
Learn a Lesson. Live with Passion & Invest with Reason.
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