This is a very big deal! If the US doesn’t actually possess gold, then what value does it truly hold? Nothing. And this comes out right before the SBR decision. Coincidence? IYKYK.
Discussion
Where would it have gone if nobody has it?
Agree, Ft Knox is full of Gold, simply is. Even if its not. 😅
I think Trump was saying something big is coming in the next four weeks casually at Daytona.
Sooooooo. Your theory is that if the US doesn’t actually own gold then GOLD is worthless?!?!? 🤨
Sit with that and see where you might have taken a wrong turn 🤣
I think we should be ready to accept the reality that gold is not the store of value for the future, regardless of whether the US owns it or not. Though, this will accelerate the process of gold being dumped by investors and institutions.
If Bitcoin stays decentralised and secure it will eventually demonetise everything. Including gold.
Separately, if it came to light that the US had NO physical gold, the price of gold would SKYROCKET in dollar terms.
To think otherwise, would be to make a similar mistake that most global economists made in 1971 when Nixon closed the gold window.
They wrongfully asserted that since the US dollar wasn’t tied to gold anymore that its price would revert to its industrial value.
How did that play out? 🧐
Said another way, gold doesn’t have perceived value because central banks hold it. Central banks hold it because it has perceived value. And a 5-10k year network effect.
Trade was wrong in 1971 because there were no super computers mor silicon chips. Today’s differrnt. Gold has no place in todays world
Except it is a global, fungable asset currently valued at 20trn USD.
It WILL be demonetised in the decades ahead if we get hyperbitcoinisation. But if you think you’ve found the day or week that’s gonna happen with this “non news” Fort Knox story, you will be sorely disappointed.
We’re on the same page. It will be demonetized, i just happen to think it will happen much faster than decades. And no, i don’t mean it will happen overnight because of the fort knox news, but it will certainly have a significant impact on hyperbitcoinization
Trust me. The Fort Knox thing is “non news”. There is gold there. It’s probably been hypothecated 10x but it’s there.
This story will fade like it has every other time in the past 25 yrs.
I hope you are right though 😉
My man never misses an opportunity 😂
Imo there is no way a real audit will happen unless the gold is there.