Despite Treasury Secretary Scott Bessent’s assurances that all is where it should be, President Donald Trump vowed to test Fort Knox to make sure that its gold stocks are also present.
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In response to a problem about potential Pentagon budget cuts, President Donald Trump said,” We’re going to get into Fort Knox to make sure the silver is still there.” We hope Fort Knox, the famous Fort Knox, is in good health, but we’re going to Fort Knox to make sure the silver is still there.
” If the metal isn’t that, we’re going to be extremely upset”, Trump added.
In 1974, the United States made the Fort Knox Bullion Depository’s vaults accessible to the general public, which led to rumors and conspiracies about whether some of the silver had been taken out. Sen. Mitch McConnell (R-KY ) led a congressional delegation into the vault in 2017.
DanO’Donnell, a talk show host in Wisconsin, asked Bessent about the possibility that the metal may become missing.
” We do an assessment every month. Bessent continued, adding that he would be happy to arrange for Trump and Musk to visit the tomb on their own.” All the metal is present and accounted for.
In recent days, Musk has eagerly boosted the topic, even going so far as to request a video of a explore to the vault.
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A complete assessment of Fort Knox’s metal reserves by the Treasury, someone long called for by Republicans, could also have another big assumption. MarketWatch noted that a full assessment could lead to a revision of its assets, giving the Treasury another$ 750 billion, according to one measure. While platinum is currently trading at a record high of about$ 3, 000 per ounce, the book lists gold’s resources at$ 42 per gram.
However, if the decision were to be made, Congress would have to review an increase in the standard price of gold.
