Elon Musk expressed concern about whether Fort Knox is still organizing $ 425 billion gold. The posts ruled an old conspiracy theory about Gon Gold and discussed the benefits of bitcoin. Donald Trump said he would audit “The Fled Fort Knox”.
Musk is recently busy investigating government institutions as the head of the Department of Government Efficiency Department. Fort Knoc was another goal for its daring eyes as Musk published an X post stating that “it would be good to walk the live video of Fort Knoc.”
Sen Mike Lee fueling the discussion when he replied to Kasturi that despite being a senator, he was denied access to Fort Knoc on several occasions without proper reason. Musk replied that the American Janta was a true owner of gold stored in Fort Knoc and asked if anyone could confirm that gold was there.
The discussion continued with several express support for the idea of a public audit of the largest gold reserve in the US, the Fort Knoc Reserve placed 147 Troy ounces of 147 gold ounces of 147 Troy ounces in comparison to any other storage in the country.
Fort Knoc Gold is an old conspiracy principle, which is affected by a very low level of transparency of the reserve. It is also difficult to enter this storage by military base standards.
It is the inability to ensure that the gold is present in the depository, questions about the amendment of accountability and transparency standards.
Does Fort Knoc pass through a regular audit?
There are regular audit. The US government releases a monthly report that specifies the amount of gold stored in every storage. Proposal of missing Gold Theory do not buy these reports and want to get evidence. However, restrictive policies that do not allow visitors in Fort Knoc, only make people more suspicious.
Probably, you saw a striking statement that Fort Knox has not been audited for 50 years. It is not far from the truth.
In fact, Fort Knoc’s final public audit was held on September 24, 1974, when many Congressmen and journalists were allowed in depository. He entered storage, inspected gold, and took photographs. The previous tone when Fort Knox did such an audit in 1943.
Press release Dedicated to the 1974 tour announced that the incident marked a change in long-standing no-vehicle policy. According to this, the inspection of the Congress followed President Ford’s new policy of open doors. However, as we know today, Fort Knoc doors were closed immediately after traveling for the next 40+ years.
During the previous Donald Trump Presidency, in 2017, the then-Treasury Secretary Steven Manuchin Kentaki along with the elected officials managed to obtain permission to visit the bullion depository. Contrary to inspection of 1974, This incident Was very private, in which no media was present.
MNUCHIN received a backlash for improper use of military aircraft for a trip to Fort Knoc, spending an additional $ 9K of taxpayers’ money.
The fact is that the journey took place on a long time of the total solar eclipse, which MNUCHINI saw from the roof of the Fort Knoc, which is located close to the path of totality, one of the best points to see the eclipse, raised the extra, Extra lifted. Criticism. Photos of him and his comrades were published in 2018 in front of Golden Bricks. This tour of Fort Knoc is hardly followed by audit norms.
It is no evidence that any part of Fort Knox Gold is missing. However, the lack of transparency and clear accountability determined a good climate for speculation and alternative solutions.
Bitcoin enters the discussion
Gold is often compared to bitcoins, especially now, when national gold reserves are not such a warm subject in the form of bitcoin reserves. It is no wonder that the inability to verify the stability of gold reserves discusses in the Crypto community.
Supporters of Bitcoin say whether Fort Knox Gold is safe or not, Bitcoin is a property in which none of these will be concerned.
More and more experts claim that bitcoin is better than sleeping. In the light of the Fort Knoc case, bitcoin displays high transparency and ease of user and transport. It is much easier to cross the border with bitcoins worth $ 5 million compared to gold or cash. More than this, the ownership of bitcoin is verified by any person with a device associated with the Internet. The status of Fort Knoc reminds us that we do not have such a possibility with gold.
More than this, more traditional assets such as bitcoin ETF or ETP are transparent as bitcoins. Bradley Duke of Bitwaiz took X to remind everyone why bitcoin is much more reliable than gold. He said that when you can verify then why trust?
Bernstein Analytics says that America will need to sleep to buy bitcoin
One of the reasons for Bitcoin Maxis being worried about the possible decrease of gold in the bullion depository is that at some point, the US government will start selling gold to achieve more bitcoins.
According to Gautam ChhaganiAn analyst of Bernstein, if a strategic bitcoin reserve is established, the Federal Reserve must search for money to buy bitcoins. It can release the loan (which is contrary to the declared target of establishing a strategic bitcoin reserve) or sells some gold reserves.
Musk’s concerns did not pay any attention by Potus. On 20 February, Musk posted a clip with Trump, stating that they had gold to ensure that they had gold. “If there is no gold, we are going to be very upset,” Trump said smiling.
