What Became of the Fort Knox Gold Reserve? Examining the Largest Economic Conspiracy of All Time

What became of the Fort Knox Gold Reserve audit? Do you recall when Elon Musk and Donald Trump were meant to host an Adin Ross-style livestream revealing all the gold? 99Bitcoins hasn’t forgotten.

Instead, we were only shown images of gold bars along with a proud declaration that the gold is safe. It really makes you ponder.

For years, conspiracy theories have swirled around the gold repository; here are the most credible ones.

Where’s the gold? Is Fort Knox housing gold?

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Recently, Germany has been contemplating repatriating its substantial gold reserves located in New York and Fort Knox, spurred by concerns over Trump’s tariff policies.

With 3,350 tonnes secured globally, Germany stands as a gold giant, trailing only behind the US, which boasts an unmatched 8,100 tonnes. If economic uncertainty escalates globally, we’ll discover if the gold is genuinely there.

Some Germans are anxious about their gold stored in the US
– Following the EU legalizing the seizure of sovereign assets, it set a perilous precedent for such confiscationhttps://t.co/RedCTq2IVb pic.twitter.com/HSc3l9t7cF

— Glenn Diesen (@Glenn_Diesen) April 5, 2025

The only gold enthusiasts likely to be hurt are those who took gold certificates instead of actual gold, despite a consistent trend where certificate sellers become greedy and issue more promissory notes than they can fulfill.

Gold overall will plunge if this holds true.

Then, the rush for physical gold will go to the moon demand and prices.

Fort Knox Gold Reserve: Can we verify US gold?

Fort Knox, constructed in the 1930s to safeguard America’s gold, contains 147.3 million ounces—59% of the Treasury’s stock. A response to pre-WWII anxieties, it remains a concrete and steel mystery. It has opened to the public only three times—to Roosevelt in ’43, Congress in ’74, and Steven Mnuchin and others in 2017.

Everything else is obscured in shadows and speculation, made worse by its closed doors.

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The challenge with using gold as currency is its weight, which complicates the logistics of moving money. This is why the Silk Road – not the online one – had numerous bandits. To facilitate transactions, we could develop a Type-2 currency or a linked currency. That’s the Gold Standard.

However, the main issue arises when circulating paper currency creates more notes than gold available in reserves. If everyone attempted to redeem simultaneously, there would be many left holding the bag, quite literally.

This was the scenario in the US during the 70s.

The Fed should wish that Trump doesn’t audit Fort Knox for that precise reason.

If it becomes apparent that the entire gold market is merely illusion, this could pave the way for alternatives like Bitcoin and various cryptocurrencies.

The Argument for Clarity

Audits and confirmations are thrown around casually, yet public confidence in Fort Knox remains tenuous.

The Treasury insists all the gold is accounted for, but skeptics are not dropping the topic. Officially, Knox’s gold reserve is valued at $6 billion, thanks to a nearly-mythical price of $42.22 per ounce. Yet, in reality, that should be about $436 billion. That gap fuels conspiracy theories.

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