Billionaire interest revives Fort Knox gold reserve debate; politicians join in.

2025-02-17 14:46:01

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When Elon Musk’s D.O.G.E. Elon Musk audited the largest gold reserve in the U.S., U.S. Senator Musk was surprised by the announcement and questioned whether there were regular audits.

Surely there are at least annual audits? Zerohedge quickly replied, No, there are not. But there aren’t. This exchange sparked a storm of speculation, and many wondered why the stockpile had not been thoroughly audited in recent decades. Theories have emerged that the gold may have been sold or not stored at Fort Knox. perhaps an independent audit was not conducted recently. If there really are 4,580 tons of gold in the vaults, its value at current market rates is about $425 billion. Musk’s arguments attracted the attention of U. S. Senator Rand Paul, who wasted no time in supporting an official audit. No, let’s do it, Paul said, referring to the lack of an audit. His father, former U. S. Congressman Ron Paul, has long called for more transparency in the U. S. gold reserve, questioning whether the gold reserve vault is really as complete as claimed. An alternative currency to Bitcoin? As the debate over the gold reserve continues. U. S. Senator Cynthia Lummis has proposed a radical alternative: #Bitcoin . Lummis, a known bitcoin supporter, claims that bitcoin reserves will provide complete transparency, as blockchain technology will allow anyone to check the gold reserve at any time. Lummis has already announced that the U. S. will purchase 1 million BTC, or 5% of bitcoin. A BITCOIN bill has been introduced that lays out a plan to make this happen. The bill calls for funding from existing resources and the creation of a secure bitcoin vault at the U. S. Treasury to avoid burdening taxpayers. amid calls for an audit, authorities are under increasing pressure to make sure the gold is still in Fort Knox. LINE_. Don’t miss a single move in the world of cryptocurrencies!

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