Gold fever has not reached individuals. Instead, it appears to be central banks that are stocking up. In the whirlwind ahead, gold may be the only thing they can hold onto.
There's PLENTY of room available for "secure" storage in both Ft. Knox and the Federal Reserve Bank-NY. Trump would probably give the rest of the world discount storage rates since there is so much empty space at those facilities.
Boy, Elon and Trump merely mention a physical audit of Ft. Knox and the interwebs explode with stories about Gold being shipped from Europe/U.K. back across the pond into America. Where were the shipments headed and whose Gold was it? THAT story sure disappeared quickly, <24 hours.
As soon as the audit became a national story, some random Patriot should have set up several fulltime Webcams centered on the one-and-only gate through the Ft. Knox fence. It'd be interesting to see how many trucks enter heavy on their springs and leave light as a daisy. Even more interesting would be watching them enter light and leave loaded 𝗮𝗳𝘁𝗲𝗿 an "audit" was completed.
PS - The whole concept of a Physical Audit seems to have disappeared faster than a child's innocence at a dimocrat Town Hall After Party. Weird...
Indeed. If the “Ft Knox” audit(or even visit) story gets memory holed and we hear no more about it, that guarantees that something is rotten in Denmark, er… Fort Knox.
Why would ANY country store its gold in the U.S. - even if it was free. The U.S. stole Russian assets - something like $600B worth - why would anyone trust the U.S. with their only REAL Tier 1 asset - their gold. They aren't crazy. Other countries aren't flying/shipping their gold back to the U.S. It is the U.S. calling in their IOUs for the gold they have shipped to the BoE or Switzerland.
Hi Petra. I often have webcams from around the world playing in the background while I work. I use a site called WebcamTaxi - it's a great conglomeration of active cams from around the world. When the audit story first broke I immediately went there to see if they had anything streaming from Ft. Knox - no luck...
Exactly, Bill. Just like Trump and the Jewish Lobby. Trump is owned by the Jewish Lobby. Whatever Israel wants - Israel gets. No matter the horrific genocide in Gaza, Lebanon, and others. Trump just keeps sending them weapons and money. Unfortunately, it appears there is no hope for peace. One of these days I fear Israel is in for a horrific awakening. Then what will Trump do......its coming.......as always, one man's opinion.
The problem with a non-producing country that consumes on debt and controls the worlds currency.
How to make America sufficient again.
I am reading a book, recommended by Martyr Made: “The Wages of Destruction” by Adam Tooze. About Germany economically, politically, socially after WW1 and during the rise of Hitler. It is eerie how it describes the advantages of the US in comparison to other countries. We were the foremost industrialized power in the world, our standard of living way above the rest of the world. In 1940, 45% of all the gold ever produced resided at Fort Knox.
Germany 1933 is the situation the US faces today, if you contemplate recreating the US of 1940, a nation that was economically dominate and self-sufficient while providing most of its citizens with a splendid way of life.
How you could dissipate America’s natural advantage to its present state of collapse and corruption, is difficult to comprehend.
Big, dominant stupid government, feeding the beast with an income tax and JPMorgan Reserve.
It’s a wonder that Hitler was as successful at powering up the German economy and trying to make it self-sufficient.
It is a very complicated book.
I don’t care that the world’s excess dollars drive up the stock market, that is crazy nothing, I care when excess dollars buy up American land and real assets and appropriate them for foreign use.
It’s too funny how the party of mental illness calls republicans NAZIs…As the NAZI party came to power through intimidation, violence and murder, all committed by a very mentally disturbed group of people. Very similar to today’s democratic cult of mental illness. So as democrats are so brilliant at blaming the republicans for everything they are doing themselves, and are famous for being the biggest hypocrites on earth, the fact that they are the new NaZI is undeniably evident. So yes brother, we are very similar to Germany in 33. The democrats are not quite as violent as the nazis, Yet…
Projection is their Number 1 Skill. Their very survival has depended on it for the last 30+ years. Once blaming your opposition for what you are begins to be seen for what it is, playbook switches to Deflect, Deny, Ignore. Every -Single - Time.
Baffle the sheep with BS, non-stop. After all, it's the "democratic" politicians that say these terrible things about their opponents, and since their "democratic" and I remember hearing good things about that word while I was in Public School, those MUST be the people in-the-right. Everyone else IS evil I guess.
No laughing matter my brother! We will soon be in the fight for our lives, freedom and country! The demented dogs that have been born and bred for the last battle of America will be unleashed upon us soon. Get ready…
Interesting story, thank you. Would you address the "revaluation" of gold? For example: what would the impact be on the dollar, and the economy, if gold would be revalued to $20,000 / oz? Is it even realistic that gold could be valued to a value higher than gold's spot price?
It will be interesting to see if Sec. Bessent does a revaluation. If he were to revalue to $20K, I expect the price would rise, but the only reason spot would go to that level would be if the Treasury would buy all offers at that level. The current level of economic value for gold doesn’t yet support $20K/toz but eventually it will if Treasury issuance continues apace as is.
A pretty solid bet - and at an accelerating pace. DOGE "savings" are VERY likely to just get kicked back into the Maw under a different name. THIS is Trump's main weakness, but he seems to be talking a slightly different game about it this time round, and Elon appears to "get it." I predict what happens to the DOGE "savings" (reallocated vs. actually cut from the budget) will be the seed that grows into the pair's dissolution under Irreconcilable Differences.
JM, My call on this is that the higher the price of gold , the sooner that debt can be reduced. That is if they use it to pay down the debt. . But somehow I doubt it. Amortization , I think this is what it is called.
Gold does not merely hold its value … it’s an investment. Fiat money has been responsible for all economic activity since 1971 but, it will be gold holders that will own it going forward … certainly the valuable bits. And, in so much there is an increase in value of GDP greater than the production of gold (since 1971) there lies your appreciation of gold per ounce.
"𝙏𝙝𝙚 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙖𝙣𝙙 𝙨𝙩𝙤𝙧𝙖𝙜𝙚 𝙤𝙛 𝙩𝙝𝙚𝙨𝙚 𝙢𝙚𝙩𝙖𝙡𝙨 𝙖𝙧𝙚 𝙣𝙚𝙞𝙩𝙝𝙚𝙧 𝙘𝙤𝙣𝙫𝙚𝙣𝙞𝙚𝙣𝙩 𝙣𝙤𝙧 𝙘𝙝𝙚𝙖𝙥..."
There's PLENTY of room available for "secure" storage in both Ft. Knox and the Federal Reserve Bank-NY. Trump would probably give the rest of the world discount storage rates since there is so much empty space at those facilities.
Boy, Elon and Trump merely mention a physical audit of Ft. Knox and the interwebs explode with stories about Gold being shipped from Europe/U.K. back across the pond into America. Where were the shipments headed and whose Gold was it? THAT story sure disappeared quickly, <24 hours.
As soon as the audit became a national story, some random Patriot should have set up several fulltime Webcams centered on the one-and-only gate through the Ft. Knox fence. It'd be interesting to see how many trucks enter heavy on their springs and leave light as a daisy. Even more interesting would be watching them enter light and leave loaded 𝗮𝗳𝘁𝗲𝗿 an "audit" was completed.
PS - The whole concept of a Physical Audit seems to have disappeared faster than a child's innocence at a dimocrat Town Hall After Party. Weird...
https://financialpost.com/news/gold-bars-flown-commercial-flights-rush-to-u-s
https://nypost.com/2025/02/23/business/why-banks-are-flying-gold-bars-on-commercial-flights-from-london-to-nyc/
https://markets.businessinsider.com/news/commodities/gold-price-bullion-bank-england-london-new-york-trump-tariffs-2025-2?op=1
Indeed. If the “Ft Knox” audit(or even visit) story gets memory holed and we hear no more about it, that guarantees that something is rotten in Denmark, er… Fort Knox.
Why would ANY country store its gold in the U.S. - even if it was free. The U.S. stole Russian assets - something like $600B worth - why would anyone trust the U.S. with their only REAL Tier 1 asset - their gold. They aren't crazy. Other countries aren't flying/shipping their gold back to the U.S. It is the U.S. calling in their IOUs for the gold they have shipped to the BoE or Switzerland.
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves” (Norm Franz).
These Webcams most probably exist, but who's the one to leak the "tapes"?
Hi Petra. I often have webcams from around the world playing in the background while I work. I use a site called WebcamTaxi - it's a great conglomeration of active cams from around the world. When the audit story first broke I immediately went there to see if they had anything streaming from Ft. Knox - no luck...
Thanks for the info. You're a very busy fellow, aren't you?😊
I can't believe it. An entire article without a single derogatory mention of Trump or Elon. Congratulations Bill. It must have been difficult for you.
You better believe Bill Bonner has been around the block a few times.
All of us have our own prejudices and when a person talks or writes
they pop out like crocuses in the Spring time.
ergo-I give Bill a pass and continue to enjoy and learn from his writing.
Exactly, Bill. Just like Trump and the Jewish Lobby. Trump is owned by the Jewish Lobby. Whatever Israel wants - Israel gets. No matter the horrific genocide in Gaza, Lebanon, and others. Trump just keeps sending them weapons and money. Unfortunately, it appears there is no hope for peace. One of these days I fear Israel is in for a horrific awakening. Then what will Trump do......its coming.......as always, one man's opinion.
Prophecy will come to pass. Regarding Israel.
Trump is an enigma.
For example he reposted the Jeffrey Sachs video which created quite the furor.
I couldn't ever imagine any President doing that!
https://www.jpost.com/american-politics/article-836924
Agreed, Trump has filled his cabinet with Zionists, and supposedly converted to Judaism in '17. Source; Brian Shilhavy of Health Impact News. https://healthimpactnews.com/2024/jared-kushner-returns-as-advisor-to-donald-trump-to-oversee-putting-more-zionists-into-trumps-administration/
Depends on what you read and want to believe.
I agree but I really was expecting something about a trump gold plated toilet. ( A real store of value.) Or maybe him gold plaing his airplane.
There's this issue with temperature and general conditions in 36.000 feet I'm afraid 😊
The problem with a non-producing country that consumes on debt and controls the worlds currency.
How to make America sufficient again.
I am reading a book, recommended by Martyr Made: “The Wages of Destruction” by Adam Tooze. About Germany economically, politically, socially after WW1 and during the rise of Hitler. It is eerie how it describes the advantages of the US in comparison to other countries. We were the foremost industrialized power in the world, our standard of living way above the rest of the world. In 1940, 45% of all the gold ever produced resided at Fort Knox.
Germany 1933 is the situation the US faces today, if you contemplate recreating the US of 1940, a nation that was economically dominate and self-sufficient while providing most of its citizens with a splendid way of life.
How you could dissipate America’s natural advantage to its present state of collapse and corruption, is difficult to comprehend.
Big, dominant stupid government, feeding the beast with an income tax and JPMorgan Reserve.
It’s a wonder that Hitler was as successful at powering up the German economy and trying to make it self-sufficient.
It is a very complicated book.
I don’t care that the world’s excess dollars drive up the stock market, that is crazy nothing, I care when excess dollars buy up American land and real assets and appropriate them for foreign use.
It’s too funny how the party of mental illness calls republicans NAZIs…As the NAZI party came to power through intimidation, violence and murder, all committed by a very mentally disturbed group of people. Very similar to today’s democratic cult of mental illness. So as democrats are so brilliant at blaming the republicans for everything they are doing themselves, and are famous for being the biggest hypocrites on earth, the fact that they are the new NaZI is undeniably evident. So yes brother, we are very similar to Germany in 33. The democrats are not quite as violent as the nazis, Yet…
Projection is their Number 1 Skill. Their very survival has depended on it for the last 30+ years. Once blaming your opposition for what you are begins to be seen for what it is, playbook switches to Deflect, Deny, Ignore. Every -Single - Time.
Baffle the sheep with BS, non-stop. After all, it's the "democratic" politicians that say these terrible things about their opponents, and since their "democratic" and I remember hearing good things about that word while I was in Public School, those MUST be the people in-the-right. Everyone else IS evil I guess.
Hey, whadd'ya wanna watch on Netflicks tonight?
Baaaaaaaaahhhhh...
No laughing matter my brother! We will soon be in the fight for our lives, freedom and country! The demented dogs that have been born and bred for the last battle of America will be unleashed upon us soon. Get ready…
Sadly my friend, that wasn't "baaaaaaahhh" as in "baaaaahh-haaaaa." It was "baaaaaah" as in Livestock-speak...
Interesting story, thank you. Would you address the "revaluation" of gold? For example: what would the impact be on the dollar, and the economy, if gold would be revalued to $20,000 / oz? Is it even realistic that gold could be valued to a value higher than gold's spot price?
It will be interesting to see if Sec. Bessent does a revaluation. If he were to revalue to $20K, I expect the price would rise, but the only reason spot would go to that level would be if the Treasury would buy all offers at that level. The current level of economic value for gold doesn’t yet support $20K/toz but eventually it will if Treasury issuance continues apace as is.
"if Treasury issuance continues apace as is."
A pretty solid bet - and at an accelerating pace. DOGE "savings" are VERY likely to just get kicked back into the Maw under a different name. THIS is Trump's main weakness, but he seems to be talking a slightly different game about it this time round, and Elon appears to "get it." I predict what happens to the DOGE "savings" (reallocated vs. actually cut from the budget) will be the seed that grows into the pair's dissolution under Irreconcilable Differences.
We shall see....
JM, My call on this is that the higher the price of gold , the sooner that debt can be reduced. That is if they use it to pay down the debt. . But somehow I doubt it. Amortization , I think this is what it is called.
Gold does not merely hold its value … it’s an investment. Fiat money has been responsible for all economic activity since 1971 but, it will be gold holders that will own it going forward … certainly the valuable bits. And, in so much there is an increase in value of GDP greater than the production of gold (since 1971) there lies your appreciation of gold per ounce.
Don't central banks typically buy gold at the highs and sell at the lows? I'd prefer the opposite!
Ezekiel 7:19
Two days in a row BB, wow! Good stuff!