The Fort Knox story keeps getting traction
Billions of worth of gold going missing or stolen from a highly guarded facility could be a plot of a Hollywood movie except for it could be a reality that is waiting to be uncovered at Fort Knox.
What if the US gold is actually missing
Some people may believe that the gold is there in Fort Knox and others believe that it may be missing in part or in full.
Speculations are on
There has been no audit of the gold present in the facility ever since 1974. This means anything is possible.
Can there be tempering of gold reserves as it is one of the most valuable assets that has existed on our planet.
With allegations and pointers flying all around the big question is can a country or rather should a country build such huge reserves of gold and depend solely on its value as a means of store of value.
back in 1974 perhaps this was the only option however we are in 2025 and today we have the option of creating digital assets like BTC as a means of storing wealth.
There is hue and cry about the need of an audit
So the country could see an audit being conducted on a facility that has not been audited in over 50 years.
The question on everyone's mind
What is the status of all that gold? Is it intact, has it been sold or moved to some other place?
What if
The What if question is a big one that raises a lot of doubts in the minds of people.
Musk Video Tour
Elo Musk has shown his keenness to do a walking video tour of the facility. Would it be possible to show the facility to the public at large via a live video stream?
Time will tell as it has been a top guarded facility and off limits to most people even in the government and senate.
The Story of Fort Knox goes a long time back in time. It was built in 1930 and has served as the facility holding as much as 147000000 ounces of pure gold which is worth $425 billion USD at today's market rates.
Just imagine what would happen if there was no gold when the gates of fort Knox are opened for an audit?
Interestingly the US Govt uses the value of $42.22 per ounce of gold. A number that has not changed over the decades.
As a trusted facility Fort Knox has also been the place to protect the historical documents during the 2nd world war.
These included the Magna Carta as well as the constitution of the US.
The last visit to Fort Knox was in 1974
It was way back in 1974 that the US government had allowed a group of journalists and some congressional representatives to visit the facility.
Ironically this was in response to the floating rumors about the gold being stored at the facility had gone missing.
It was in 2017 that there was news that the then treasury secretary Steve Newkind and some officials were granted entry into the facility.
The question being asked is why there has been no audit of the gold at the facility.
Another question that is being raised by the media is about the fact that banks are moving gold from England to the US.
This includes large banks like JP Morgan moving the gold assets into the USA from the UK.
A reason being cited for this movement is to take arbitrage profits as US gold prices are significantly higher which the banks can make use of to sell their gold at a higher price in the US and make an arbitrage profit.
How much gold is being shipped
JP Morgan alone is going to move gold worth $4 billion to the US.
Should there be more transparency about the US gold reserves?
well that seems to be the consensus that seems to be growing and would Elon Musk do a video tour of Fort Knox is not certain but surely there is a demand for an audit that is growing.
Is it the right time for the US and other countries to build BTC reserves?
Well that seems to be the mood for many leaders around the world.
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did you say no audit since 1974? Case closed, that gold is actually missing