⚡️🇺🇸 U.S. Treasury Secretary Scott Bessent insists, “all the gold is there,” dismissing any need to visit Fort Knox or revalue gold reserves in a sovereign wealth fund.
He assures Americans that annual audits are conducted and invites any member of Congress to see for themselves.
Trust me bro.
Trust. But Verify.
Ok, do they audit every bar with a chemist? What about gold plated bars?
What would this be good for?
Ask yourself how exactly one would 100% verify that the gold is both there and real solid gold? “Looking at it” or trusting even a honest intermediary is not sufficient. This is in stark contrast to how an even a non-tech simpleton like me can quickly verify that a bitcoin UTXO sent to me is 100% real and spendable.
And so you would check every single gold bar (or whatever form of gold is there) to be sure?
All the gold plated tungsten bricks are of course there.
