DOGE to audit Fort Knox

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Speculation on the X is that the US government is the buyer (via proxies) that is standing for delivery via COMEX (and causing the drain of LBMA metal) in anticipation of an audit (and revaluation). It doesn't really make sense to me (I think they would acquire the metal OTC or via other channels so as to not disrupt market operations if they were interested), but a lot of peeps seem to be running with it.
 
Makes more sense than trying to outrun tariffs.
And indicative of a possible move to gold backed usd …..

I guess they need to keep pog down while they prepare for this, hence Friday beat down?
 
pmbug said:
Speculation on the X is that the US government is the buyer (via proxies) that is standing for delivery via COMEX (and causing the drain of LBMA metal) in anticipation of an audit (and revaluation). It doesn't really make sense to me (I think they would acquire the metal OTC or via other channels so as to not disrupt market operations if they were interested), but a lot of peeps seem to be running with it.
Click to expand...

If there are good guys behind the scenes it makes some sense. In essence we are bankrupting the corporation known as the USA. What better way to go back to your Constitutional Republic with a big stash of Gold. Your gonna need it. Plus, it also just so happens to help put a nail in the coffin of your enemies that started that corporation of the USA to steal wealth.

Why they choose gold and not silver I don't know.
 
This guy does forensic accounting analysis of various investments (he's been very active in calling out NVDIA and SCMI for months). Today he posted some thoughts on what would happen if the LBMA did actually default/break down:
...
Unlike 2013, when COMEX’s paper market collapsed, a LBMA crisis would directly threaten the physical supply chain, destabilizing central bank reserves (...) and ETFs backed by London metal.
...
If LBMA’s paper market unravels, central banks storing gold in London—like Germany, the Reserve Bank of Australia, or the IMF—could repatriate reserves, mirroring the U.S.’s recent repatriation efforts. A loss of confidence might also spur a rush into alternative markets like SGE in China, shifting pricing power to Asia. Economies reliant on dollar liquidity could face turmoil, while nations with large gold reserves (e.g., China, Russia) would gain leverage in trade negotiations. ...
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justdario.com

THE CONSEQUENCES OF A GOLD TSUNAMI HITTING THE LBMA - JustDario

The 2013 gold market crash, triggered by a sudden collapse in COMEX futures prices, exposed vulnerabilities in the global gold trading system. At that time, paper gold markets—dominated by futures contracts and speculative trading—overshadowed physical demand, creating a fragile equilibrium...
justdario.com justdario.com

Essentially, on the issue of cui bono?, the USD and the West stand to lose from the LBMA liquidity drain and breakdown of the global gold trade. The East (and especially China) stands to gain the most. Would the US government (ie. Trump administration) initiate a plan to destabilize the global gold trade to the benefit of China? Does that make sense to anyone?
 
I'm not sure I follow. Can you break it down a bit for me? What I'm understanding from your post is that you are positing that Trump is pushing for the US Gov, via the COMEX, to break the LBMA and global gold trade which mostly benefits China, because he is at war with banks? Trump purports to love the USD. He's made public threats against nations not to abandon the dollar. If he were pursuing this gold attack, it would be undermining the dollar and diverting the global gold trade to China. It doesn't really make sense to me.
 
JP Cortez said:
...
With a renewed desire for government transparency, Mr. Musk and his team of auditors could turn their focus to one of America’s greatest open questions.

Since 2014, the Sound Money Defense League, which I head, has been pushing for an audit of America’s gold, including securing the introduction of the “Gold Reserve Transparency Act.”
...
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More:
www.nysun.com

Will Elon Musk Join the Campaign by Sound Money Advocates for an Audit of America’s Gold Reserves?

With a renewed desire for government transparency, Musk and his team of auditors are being urged to take a closer look at the wealth stored in Uncle Sam’s…
www.nysun.com www.nysun.com
 
pmbug said:
I'm not sure I follow. Can you break it down a bit for me? What I'm understanding from your post is that you are positing that Trump is pushing for the US Gov, via the COMEX, to break the LBMA and global gold trade which mostly benefits China, because he is at war with banks? Trump purports to love the USD. He's made public threats against nations not to abandon the dollar. If he were pursuing this gold attack, it would be undermining the dollar and diverting the global gold trade to China. It doesn't really make sense to me.
Click to expand...

Here, I had pretty much assumed it had all been stolen but hadn't seen this story before. Basically the FED stole the Gold. Now we are at war getting it back. Or Trump is one hell of a con man and actor.

 
Tricky, these people are, what do you think he Really means when he says the "dollar". Do you think he really is talking about a Federal Reserve Note?

pmbug said:
I'm not sure I follow. Can you break it down a bit for me? What I'm understanding from your post is that you are positing that Trump is pushing for the US Gov, via the COMEX, to break the LBMA and global gold trade which mostly benefits China, because he is at war with banks? Trump purports to love the USD. He's made public threats against nations not to abandon the dollar. If he were pursuing this gold attack, it would be undermining the dollar and diverting the global gold trade to China. It doesn't really make sense to me.
Click to expand...
 
Voodoo said:
Here, I had pretty much assumed it had all been stolen but hadn't seen this story before. Basically the FED stole the Gold. Now we are at war getting it back. Or Trump is one hell of a con man and actor.

Click to expand...


Agree with the guy in the vid. Start out front with the msm. Give a short interview as to why you are there, go in with cameras on, look the place over and have it live on national tv. No matter what the findings do it live so everyone can see what the truth is. IMO it's a win-win for all.
 
They need to test the bars too. Some are saying the new stuff from the UK has tungsten.
 
...

We have extensive experience auditing gold and can help establish a rigorous protocol to ensure transparency and authenticity. The following steps should be implemented:

- Record gold bar details: Record the refiner/producer and serial number of each bar.

- Record precise storage locations: Record the exact vault position of each bar.

- Weigh each gold bar: Use a precision scale to record the weight of each bar.

- Assess gold purity with an XRF tester: An XRF tester provides an accurate assessment of gold purity. However, it does not detect counterfeits if the bar's core has been filled with another metal, such as tungsten. Tungsten is commonly used in counterfeiting due to its similar density and metallic properties.

- Assess authenticity with Ultrasound Testing: This helps detect potential core impurities.

- Photograph and document: Take a high-resolution image of each bar and publish it in a publicly accessible database on DOGE's website, along with its recorded data.
Click to expand...

 
Look who it is.............(fwiw)

🚨 Fort Knox EMPTY?! Dollar Collapse & Global Chaos Incoming!​

Is Fort Knox EMPTY?! For over 50 years, there hasn't been an audit of the U.S. gold reserves. If the truth comes out and the gold is gone, what happens next? A collapsing dollar, loss of global trust, and financial chaos could be on the horizon. Let’s break it down and look at history, preparedness, and what this could mean for America and the world.


14:46
 

THIS IS HUGE! President Trump Says HE Will View The Gold At Fort Knox!​

Feb 21, 2025

12:11
 
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