General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says he's going to Fort Knox to inspect gold reserves
H'ell by trying to sell it off by $2,953.40 per ounce
https://thehill.com/homenews/administration/5156669-trump-fort-knox-gold/]
hatrack
(65,078 posts)Or is the gold leaf at Merde A Lardo in need of a touchup?
bucolic_frolic
(55,690 posts)rzemanfl
(31,447 posts)spanone
(142,021 posts)marmar
(79,980 posts)tanyev
(49,576 posts)Tarzanrock
(1,250 posts)... but necrophilia is not beyond his personal sexual appetite.
kerouac2
(1,514 posts)
marble falls
(72,468 posts)Ars Longa
(561 posts)Irish_Dem
(82,139 posts)livetohike
(24,392 posts)count all his money. Sick of this drama.
sop
(19,171 posts)"'We're going to go into Fort Knox to make sure the gold is still there,' he said in response to a question about possible Pentagon cuts. 'We hope everything is fine with Fort Knox, the fabled Fort Knox, but we're going to go to Fort Knox and make sure the gold is still there,' he said...'If the gold isn't there we're going to be very upset,' said Trump."
"Treasury Secretary Scott Bessent told a radio talk-show host that it's audited every year. 'All the gold is present and accounted for,' he said....So is there any other reason Trump might be asking?"
"Another...audit of Fort Knox could lead to Treasury doing something dramatic - revaluing its gold holdings. Right now they're on the book for $42 an ounce, as gold (GC00) is trading at a record high, near $3,000 per ounce....If Treasury were to do so, all of a sudden the Treasury would have hundreds of billions of dollars - $750 billion, by one estimate - at the touch of a keystroke....Treasury did this maneuver before, back in 1972, giving it another $800 million to play with."
https://www.morningstar.com/news/marketwatch/20250220224/trumps-talking-about-auditing-fort-knox-it-might-be-a-750-billion-maneuver
Autumn
(49,006 posts)brush
(61,033 posts)now Fort Knox. At lease gold is so heavy and bulky he and his minions can't sneak any out like they did the MAL documents.
Historic NY
(40,119 posts)
edhopper
(37,490 posts)Most of the Gold Reserve is at the Federal Treasury in NYC. Not Knox. He should have watched Die Hard 3 instead of Goldfinger.
Historic NY
(40,119 posts)It sounds like Treasury will do a revaluation of the gold at todays prices.