The U.S. Government Spent Fort Knox Gold—Hundreds of Times


by Gary Christianson, Breitbart:

Miles Franklin sponsored this article by Gary Christenson. The opinions are his, and they are not investment advice.

Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Official records claimed 20,000 tons in the 1950s. Over 640,000,000 ounces of real money sat behind those massive locked doors.

That gold gradually disappeared until President Nixon refused to exchange dollars for gold in 1971. Officially in 2020, 147,000,000 ounces of gold remain inside those locked vaults.

Fort Knox gold has not been audited since the 1950s. Supposed audits since then have been… unsatisfactory. Don’t ask, don’t tell works in the military, in COVID-19 testing, and with Fort Knox gold.

Legends about gold include:

Yamashita’s gold

The Seven Cities of Gold

Grand Canyon Gold

King Solomon’s Mines

Buffet’s “Bury It” story

The Fed’s “Traditional Asset” dismissal

Fort Knox still contains 147 million ounces of gold


The Better Question is: Does it matter?

The gold exists, is partially gone, or is missing. But there is nothing to be gained by a Treasury Audit. They support the narrative and don’t tell.

Besides, 147 million ounces is “only” worth (2020) $250 billion dollars. Congress just passed (but did not read) a stimulus bill worth over $2 trillion, eight times the supposed value of Fort Knox Gold. Wow!

Congress authorized $250 billion in checks and direct deposits for Americans during the COVID-19 shutdown. That “help” was the equivalent of Fort Knox gold.

Because Congress is tossing around $trillions, does $250 billion in Fort Knox gold matter?

The Fed has quickly increased its balance sheet by over $2 trillion, eight Fort Knox Gold Units. Is Fort Knox gold important?

U.S. official national debt passed $24 trillion. Projections from many analysts suggest this year’s deficit will be $3 – $4 trillion. If congress passes another $2 trillion stimulus package, the increase in national debt for 2020 could be $5 – $6 trillion.

Assume the official national debt jumps by $5 trillion in 2020. That is twenty Fort Knox gold units for this year.

Is Fort Knox gold important when the official national debt will soon reach $30 trillion, over 100 times the national treasure supposedly vaulted in Fort Knox?


1) Yes, gold is important.

2) Gold is real money. This is important when congress and the Fed toss $trillions of fake dollars about like toilet paper.

3) Gold has been valuable for thousands of years. Dollars have purchased less every year for a century.

4) Which will last longer? The value of gold or the purchasing power of seventeen hundred dollars?

5) Russia and China mine gold and do not export it. Russia and China hoard gold.

6) Russia and China have reduced their dollar reserves to buy gold.

7) The Fed claims dollars created from nothing are valuable and gold has no place in the modern financial system. But the Fed has a long history of lying, paying off politicians, and bailing out banks. Should we believe the Fed regarding anything important?

8) Governments, central banks, and the financial and political elite prefer debt-based currency units because they support the “rich get richer and poor get poorer” wealth transfer. Debt increases income inequality while honest money discourages income inequality.

1) No, gold is not important.

2) The global financial system operates on debt-based currency units and credit. The powers-that-be see no place for gold in the current system.

3) Gold is honest money. The political and financial elite hate honest money.

4) Russia and China appreciate gold. Russia and China are enemies. Therefore, the U.S. doesn’t like gold.

5) Gold is inconvenient for politicians. How would they buy votes if they couldn’t create fake money easily?

6) Gold is poison to central bankers. How would they create $trillions to bail out bankers if they used honest money?

7) Gold is dangerous to the fractional reserve banking cartel. Profits would collapse if they used honest money and couldn’t use fractional reserve banking.

People claim insufficient gold exists to back currency in circulation. Hence, we should abandon any thought of gold backing the currency.


There is too much currency in circulation, thanks to deficit spending, $250 trillion in global debt, fractional reserve banking, and central bank “printing.” The problem is too much fake money, not gold. Revalue gold higher, perhaps $20,000 or $50,000 per ounce, balance budgets, eliminate central banking and dream on…

Read More @