US gov is supposed to have 4580 tons of gold 🪙 reserves.

This is around 2% of total physical gold in circulation.

If it's gone (stolen or misappropriated), and this is made public, the US 🏛️ will have two choices:

1) once again confiscate foreign gold (6-7000 tons in US custody), 🪦

2) leapfrog & pivot quickly to Bitcoin. ⛓️

The latter will crash gold price, the former will pump it.

Auditing gold is hard: very expensive and cumbersome. De facto you have to melt and recast all the gold bars.

But it could be done.. once a decade for example..

Based on public information there was a full Fort Knox audit in 1953 and partial in 1974.

I just filed so called "FOIA request" to the US Treasury to obtain documents from these audits. Based on Freedom of Information Act I should be able to get something, let's see. 👀