Fort Knox Gold

Remember earlier this year when Donald Trump and Elon Musk were going to check out the gold in Fort Knox? It never happened, and the story was buried. This raises many questions. My guess is that there is a serious discrepancy between the amount meant to be stored there and the real amount.

Donald Trump in Scotland

Good to see Donald Trump pursuing his passion for golf in the land that invented it. I'm embedding ITV News below simply for the comments which take the channel to task for their bias. Say what you like about Trump, but what did he say here that is wrong?

Where's the Gold?

The price of gold is rising and buyers are taking physical delivery, and not trusting Western banks to store it:

Trump Checking Fort Knox

Donald Trump is personally going to Fort Knox to check the gold is there. If the gold isn't there, I hate to contemplate the consequences. Auditors will need to check gold purity, and ensure that lead bricks haven't just been plated with gold. To do this, they'll need to physically weigh gold bars, chosen randomly. 

Where's The Gold?

Is this the beginning of the end? Turns out, there is not enough gold in the vaults of London, and now Fort Knox is being called into question. 

Where did the gold disappear to?

Who Holds the Gold, Makes the Rules

India has repatriated the gold it stores with the Bank of England. Does this reflect a concern that the UK is no longer seen as stable?

Texas Proposal: 100% Gold and Silver Backed Currency

An interesting development from the Texas Legislature:

https://www.zerohedge.com/commodities/texas-committee-passes-bill-create-100-reserve-gold-and-silver-backed-transactional

On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central bank digital currency (CBDC).