Rickards: The Truth About Fort Knox And Gold Leasing

Donald Trump and Elon Musk's planned visit to audit the US gold reserves at Fort Knox, which was announced earlier this year, has mysteriously disappeared from the news. The US Treasury holds 8,133.5 metric tonnes of gold, with most of it stored at Fort Knox and West Point. Trump and Musk had planned to livestream the visit, but it never happened, and there was no explanation for the cancellation. The gold is actually present and accounted for, with annual audits conducted by the US Treasury. The real reason for the cancellation is that the US government and Federal Reserve do not want to gold's role as a monetary asset, as it would undermine their monopoly on paper money. Gold is a form of money, and major countries hold large gold reserves, but they don't want to acknowledge it. Another reason for the cancellation is the leasing scheme, where gold is leased to third parties, who can then lease it to others, creating a paper gold market that is leveraged 100:1 to the physical gold market. This creates a risk of a physical delivery, which could lead to a gold panic and a surge in gold prices. The solution to this problem is to buy gold, as the less said about gold, the better for the masterminds of the paper gold market.