Loading ...JESSE WATTERS TOURS THE TREASURY DEPARTMENT WITH SCOTT BESENT
Treasury Secretary Scott Bessent announces there is $1 TRILLION in confirmed gold at Fort Knox — the gold is still there
Q: Have you visited Fort Knox?
BESSENT: I am happy to say, all gold is present and accounted for! The US has the LARGEST pile of gold in the world, over $1 trillion
SCOTT BESSENT SAYS THERE IS 1 TRILLION WORTH OF GOLD IN FORT KNOX HOW MANY TONNES IS THAT AT TODAYS PRICES
Copilot said:
Using a current gold price of about US$4,040 per troy ounce
1 metric tonne of gold = 32,150.75 troy ounces
Value of 1 tonne of gold ? 32,150.75 × $4,040 = $129.9 million
So:
$1,000,000,000,000
$129,900,000
per tonne
7,700 tonnes
$129,900,000 per tonne
$1,000,000,000,000
7,700 tonnes
Answer: approximately 7,700 metric tonnes of gold.
For comparison, the U.S. government’s reported gold holdings are about 8,133 tonnes, so a valuation of $1 trillion is in the same ballpark as the entire U.S. gold reserve at today’s elevated gold prices.
But he did say $1T… so what’s the big deal? How is that supposed to make any difference in anything. What’s $1T at Washington DC spending rates? That’s about 2-3 months spending. BFD!
Notice that he did not say how many tonnes.
I wonder what gold price he is using for whatever gold they have?
That claim carries ZERO weight with me, absent corroboration from private auditors with no conflicts of interest. For starters, he needs to lay out how and when and by whom the audit was conducted. Was it complete, or randomized? Details Scott. We need details.
You’re all missing the big picture, he didn’t answer the question….he answered a different question. Sure it is….that’s why you won’t show it.
“he didn’t answer the question….he answered a different question.”
Exactly.
Weasel Words.
That’s DC in a nutshell.
They may have the tonnage or not but what is the purity of the metal?
No one knows how much Gold China has. How can he honestly state that the US has the “largest pile” of Gold.
China could be accumulating Gold in other vehicles not visible to the rest of the World and not reporting.