You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to make sure the U.S. gold was actually there. The press was invited to tag along. Musk claimed that his DOGE team was ready to “audit” the gold bars to see that there were none missing. I had my own views on the announcement (described below) but I certainly agreed this would be the mother of all photo ops.

There are two reasons why the visit did not proceed and why you won’t hear more about it. The first one is that the U.S. government and the Federal Reserve (Fed) do not want to call attention to gold’s role as a monetary asset. There’s another even more insidious reason why Trump and Musk backed off from their Fort Knox visit. Even allowing for the fact that the gold is actually in Fort Knox the deeper question is whether that gold is leased?

https://www.zerohedge.com/precious-metals/rickards-truth-about-fort-knox-and-gold-leasing