Now that President Trump and Elon Musk have said that they want to audit the Fort Knox gold, the next question is this -- will this be a proper audit or another PR stunt?
Although it will be often repeated that America's gold hasn't been "audited" since 1974, that's not quite true (at least if you use the term "audit" loosely).
There have actually been several procedures conducted since 1974, but there have also been some disturbing breaches in protocols, including unexplained opening and resealing of vault compartments inside the U.S. Bullion Depository at Fort Knox.
Even long-time gold-bugs will be stunned by what Money Metals' gold researcher Jan Nieuwenhuijs has discovered. To see what we've uncovered for yourself (including documentation), click to watch the video now...
Read Jan's open letter to President Trump about what he should know regarding the Fort Knox gold here.
Read Jan's latest article detailing the gold that China has been importing, but not reporting, here.
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
Inflation.
This word strikes fear among most readers. Thoughts of grocery bills and gas prices might be what the average American attaches to this word.
This week we have a special interview with Helen Viljoen, founder and CEO of Nebu bullion jewelry. Nebu is the company behind the gold (https://www.moneymetals.com/buy/gold/gold-jewelry) and platinum (https://www.moneymetals.com/buy/platinum/platinum-jewelry) jewelry available at MoneyMetals.com that is actually worth what you pay. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan
Gold price advances to over a two-week high and draws support from a combination of factors. Geopolitical risks, trade war fears and rate cuts by major central banks underpin the XAU/USD.
Why did the United States abandon the gold standard?
In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during the Great Depression. “Countries around the world basically ran out of supply and were forced off the gold standard,” she writes.