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Bessent Confirms Fort Knox Gold Is Intact but Says U.S. Dollar Is No Longer Backed by Gold

Summary by TFD
U.S. Treasury Secretary Scott Bessent said America's gold reserves remain securely stored at Fort Knox but emphasized that the precious metal no longer backs the U.S. dollar under the modern monetary system.
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Bessent Confirms Fort Knox Gold Is Intact but Says U.S. Dollar Is No Longer Backed by Gold

U.S. Treasury Secretary Scott Bessent said America's gold reserves remain securely stored at Fort Knox but emphasized that the precious metal no longer backs the U.S. dollar under the modern monetary system.

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TFD broke the news on Monday, July 20, 2026.
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