So wait.....
If an audit does take place and there is no or much less Gold found in Fort Knox does that collapse the price of gold due to the lies and loss of trust?
Or does it ramp the price of gold as it would be a far scarcer asset than originally accounted for?
Food for thought
I believe it will collapse the bond market and shoot gold up.
I think it will collapse the dollar value and not the gold price
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I think it sky rockets gold as this is a massive supply shock and everyone and their uncle whoâs got âpaperâ gold is going to want the real thing.
the paper gold price collapses.
Physical gold goes through the roof
I don't think that would happen for lon though. This self custody lesson is a hard one for people to remember. Greed will drive them back to paper very quickly and reduce the premium for physical gold
no I think that this revelation could break the custody model for a generation.
It might even lead people to question how many other assets are being rehypothicated.
people that hold the paper are being driven by convenience, not greed.
I agree, if by revolution you mean Bitcoin and not gold. Gold is imo almost impossible to verify in massive quantities like Ft. Knox.
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Doesnât matter. Gold being centralised like that is akin to a shitcoin where the public can never audit or verify.
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0% chance that we are short any substantial amount of gold. Who benefits from that? They won't let that happen.
gold certificates are a short gold contract for the issuer
They have been flying in record amts of gold, man in industry says he think they'll "have it"
Iâm willing to find out!
Good question. Not everything that glitters is gold.
Many new people will be asking themselves, âWhat is money?â
âWait, my dollar isnât backed by gold, you say?!?â
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Doesnât Peter Schiff monitor trucks going in & out? If not, whatâs he good for?
I wonder if thereâs an underground train connected to a secret cave system? Think of the possibilities!
DOGE needs to stop pre-announcing. I once worked at a fancy architectural woodworking mill, and every so often weâd be told that OSHA was âinspecting tomorrowâ and we world frantically run around and reattach all of the semi functional âsafety equipmentâ until they were gone.
I think Ft Knox inspection could be like that.
Why not both? đ
