Investors conference in Miami....
UPDATE: Donald Trump Takes Office as the 47th US President
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Investors conference in Miami....
Trump says his administration will check Fort Knox 'to make sure the gold is there'
Sarah Min
February 20, 2025
www.cnbc.com
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky.
"We're going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there," President Trump said Wednesday on Air Force One.
A drive to audit Fort Knox has gained steam from comments by Elon Musk on X recently. Over the past few decades, conspiracy theories have emerged from time to time about whether the government is being truthful about the amount of gold stored there because of the fort's high security.
The Treasury Department gives the exact amounts of the U.S. gold reserves on its website and says there are 147,341,858.382 troy ounces in Fort Knox.
"I think if this administration presses for an audit, that'll be a good thing for everybody," said Alamos Gold CEO John McCluskey on CNBC's "Squawk Box" Thursday.
Treasury Secretary Bessent's comments from earlier this month, to "monetize the asset side of the U.S. balance sheet for the American people" also added to recent investor speculation that the U.S. government should audit its gold reserves and perhaps revalue them. The Treasury Department's current gold holdings are priced at $42 per ounce, a level that is set by law and hasn't changed since 1973.
Spot gold on Thursday rose, hitting another record high of $2,954.69 earlier in the session. That's bullion's tenth record high of the year.
Sarah Min
February 20, 2025
Trump says his administration will check Fort Knox 'to make sure the gold is there'
A drive to audit Fort Knox has gained steam recently from comments by Elon Musk on X.
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky.
"We're going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there," President Trump said Wednesday on Air Force One.
A drive to audit Fort Knox has gained steam from comments by Elon Musk on X recently. Over the past few decades, conspiracy theories have emerged from time to time about whether the government is being truthful about the amount of gold stored there because of the fort's high security.
The Treasury Department gives the exact amounts of the U.S. gold reserves on its website and says there are 147,341,858.382 troy ounces in Fort Knox.
"I think if this administration presses for an audit, that'll be a good thing for everybody," said Alamos Gold CEO John McCluskey on CNBC's "Squawk Box" Thursday.
Treasury Secretary Bessent's comments from earlier this month, to "monetize the asset side of the U.S. balance sheet for the American people" also added to recent investor speculation that the U.S. government should audit its gold reserves and perhaps revalue them. The Treasury Department's current gold holdings are priced at $42 per ounce, a level that is set by law and hasn't changed since 1973.
Spot gold on Thursday rose, hitting another record high of $2,954.69 earlier in the session. That's bullion's tenth record high of the year.
Kamala aint Black thoughTrump says his administration will check Fort Knox 'to make sure the gold is there'
Sarah Min
February 20, 2025
Trump says his administration will check Fort Knox 'to make sure the gold is there'
A drive to audit Fort Knox has gained steam recently from comments by Elon Musk on X.
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky.
"We're going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there," President Trump said Wednesday on Air Force One.
A drive to audit Fort Knox has gained steam from comments by Elon Musk on X recently. Over the past few decades, conspiracy theories have emerged from time to time about whether the government is being truthful about the amount of gold stored there because of the fort's high security.
The Treasury Department gives the exact amounts of the U.S. gold reserves on its website and says there are 147,341,858.382 troy ounces in Fort Knox.
"I think if this administration presses for an audit, that'll be a good thing for everybody," said Alamos Gold CEO John McCluskey on CNBC's "Squawk Box" Thursday.
Treasury Secretary Bessent's comments from earlier this month, to "monetize the asset side of the U.S. balance sheet for the American people" also added to recent investor speculation that the U.S. government should audit its gold reserves and perhaps revalue them. The Treasury Department's current gold holdings are priced at $42 per ounce, a level that is set by law and hasn't changed since 1973.
Spot gold on Thursday rose, hitting another record high of $2,954.69 earlier in the session. That's bullion's tenth record high of the year.
This is probably what has pissed me off more than anything. The senate needs new leadership other than Chuck Schumer (i think him and trump are friends) and Jasmine Crockett and AOC are the only ones out there in the media speaking out. Like this isn't Trump's first term so they should know how he uses the media now.
Are you out in the streets protesting? Then why would they replace Chuck? Chuck and the rest of the elected class are lidocaine.
Cmon, man you don’t have to talk about the man like that because you want the smoke with his Big Homey.
"Cancelled at US request".
Ukraine can’t reason with the US because Russia insists on putting the squeeze on the US administration.
A MAGA history teacher is hilarious!
Where's the black caucus
Yep, and like I keep saying this is where Trump can’t do shit about in 10 years white people are going to be the minority
