The animator of money Charles Payne addresses conspiracy theories as to whether there is gold at Fort Knox.
Elon Musk and his Ministry of Government Effectiveness (DOGE) could soon audit American government’s gold reserves according to the billionaire interactions on social networks.
Musk wrote on Saturday an article on X wondering if the American gold reserves are examined each year, to which Senator Rand Paul, R-Ky., Replied: “No. Let’s do it.”
“Who confirms that gold has not been stolen from Fort Knox? Maybe he is there, maybe this is not the case. This gold belongs to the American public! We want to know S ‘ He’s still there, “Musk wrote on Musk on Musk. The position came in response to Senator Mike Lee, Rutah, saying that he was repeatedly denied access to Fort Knox.
He later posted “looking for gold to Fort Knox” with a meme of South Park saying: “Annnnd is gone”. Musk also answered Alex Jones on X to say: “It would be cool to do a live video procedure from Fort Knox!”
Doge d’Elon Musk is preparing to audit us gold reserves in Fort Knox after having exhorted by Sen. RAND PAUL
SpaceX and the founder of Tesla, Elon Musk, wondered if the gold lacked at Fort Knox and that Dogi pointed out that Doge could audit us gold reserves. (Anna Moneymaker / Getty Images)
In the midst of conspiracy theories on missing gold, the federal government periodically publishes reports detailing its reserves of gold and gold coins in its various standards across the country. These monthly reports include if gold is maintained in in -depth storage or in work actions available to the American currency in order to give parts authorized to the congress.
It includes the weight of gold reserves in Troy ounces as well as its accounting value in dollars. The accounting value is not the market value of gold but rather refers to the total number of Troy ounces multiplied by a value established by law ($ 42,222) which was established in 1973.
The merchant value of gold is around $ 2,900 per Troy ounce on February 17, about 68 times the accounting value as prescribed under the 1973 law.
Fort Knox’s military base in Kentucky is home to a gold deposit. (Images Jon Cherry / Getty)
What has cut off so far?
The most recently published update by the Treasury Department was published on January 31 and noted the following:
Fort Knox – The Treasury reported more than 147.3 million Troy ounces of gold Lingots held in depth in the deposit of Kentucky ingots, which has an accounting value of more than $ 6.2 billion.
West Point Mint – The treasure reported more than 54 million Troy ounces of gold ingots in deep storage at the West Point deposit, New York, with an accounting value of more than $ 2.2 billion.
Denver Mint – The report indicates that more than 43.8 million Troy ounces of gold ingots are kept in depth at the Colorado deposit, with an accounting value of more than $ 1.8 billion.
The treasure holds gold reserves, some of which are used by the American currency to create parts. (istock)
Doge asks the public “information” on potential dry waste
Mint work stock – In all treasury facilities, the report noted more than 2.7 million Troy golden ounces held as a working stock for American currency to create gold coins. The reserves held as a work stock had an accounting value of $ 117.5 million.
Ingots of the federal reserve – The Treasury report listed two line elements for gold held by the Federal Reserve to its New York safe – an article has listed more than 13.3 million Troy ounces with an accounting value of 564.8 Millions of dollars, while the other listed more than 73,400 ounces Troy with an accounting value of around $ 3.1 million.
Display corners of the Federal Reserve – The report also listed two line elements for gold coins held for exposure to banks in the federal reserve. One of the line elements listed 1,993 ounces Troy with an accounting value of $ 84,162, while the other had 377 Troy ounces and an accounting value of $ 15,936.
Get Fox Affairs on the move by clicking here
