Donald Trump and Elon Musk look to audit Fort Knox

There’s quite a stir at the moment surrounding Fort Knox, that legendary fortress in Kentucky where the U.S. government reportedly safeguards an immense hoard of gold, or so we’ve been told. 

The chatter, amplified by figures like Donald Trump and Elon Musk, centres on a potential audit to verify if the gold is truly there. 

This could have far-reaching implications for all of us, and here’s why it’s worth your attention.

If the Gold Is There:

A Golden Opportunity? Imagine the audit proceeds, and Fort Knox reveals its full 147 million ounces of gold, gleaming and accounted for. 

That’s reassuring news indeed. I think it might prompt the U.S. government to “revalue” its gold reserves, which are currently pegged at a modest $42 per ounce (a figure frozen in time since 1973). 

Compare that to today’s market price of approximately $2,900 per ounce, and the disparity is striking. 

Should the official valuation align with reality, the U.S. could leverage this treasure to underpin the dollar once more, reviving the “gold standard” of yesterday. 

For those unfamiliar, the gold standard ties a currency’s value directly to gold rather than relying solely on governmental assurances., (fake promises). 

If reinstated, this could initially weaken the dollar, but it might also propel gold’s worth even higher. 

Potential gains could be substantial for those holding physical gold, coins or bars. Picture purchasing gold today at $2,900 per ounce, only to see it climb to $10,000 if revalued. 

That’s a potential increase of nearly 245%—a classic “buy low, sell high” scenario worth considering.If the Gold Is Missing: A Crisis—and a Gold Rush?

Let’s entertain a more unsettling possibility:

The audit reveals that Fort Knox holds less gold than claimed or none at all. 

After 70 years without a comprehensive check, this isn’t beyond imagination. Should this come to pass, confidence in the U.S. government and the dollar could unravel swiftly. 

For decades, Fort Knox has symbolised America’s financial might; if its vaults are bare, the fallout could be seismic.

What might follow? A frenzied dash for gold, as investors and individuals seek a trusted anchor amid uncertainty. Long revered as a “safe haven,” gold could soar to $5,000, $10,000, or beyond per ounce as demand surges. 

Early buyers could reap significant rewards, while a faltering dollar might drive up costs for everyday essentials, such as food, fuel, and more. It’s a high-stakes scenario with winners and losers alike.

Why Gold Looks Appealing Now

Here’s the crux: no one knows what the audit will uncover, mainly because no thorough inspection has occurred since the 1950s, and even that was less than exhaustive. 

Gold remains well below the heights it could reach under either outcome. 

If gold is present, a revalued standard could elevate its worth; panic could send prices skyward if absent. 

Either way, the trajectory seems to favour gold’s rise. Buying now, while prices are relatively grounded compared to potential peaks, could position you well for what’s ahead. 

It’s akin to securing a seat on a rocket before lift-off.

The Bottom Line 

The Fort Knox question is a wild card with two compelling possibilities. 

If the gold is confirmed, a revalued standard could enrich us all, potentially stabilising the dollar in the long run. 

The ensuing scramble could crown gold as the ultimate asset if it’s gone. In both cases, gold emerges as a standout prospect. 

So, why would you consider acquiring some now? It’s a chance to buy at today’s rates and, with a bit of luck, sell high in the future when the truth about that vault comes to light.

Drop me a line: kane@solomon-global.com please reference Gold and Silver UK. 

Gold isn’t just an investment any longer—it’s the future. Buy now, while you still can.

This article, ” In the Know with Kane,” is for informational purposes only and does not constitute financial advice. Investing in precious metals involves risks, and past performance does not guarantee future results.

Kane is a guest blogger. You can find him on X here.