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Trump Wants to Check on the Gold at Fort Knox. His Allies Are Cashing in on the Fear

  • Donald Trump has not yet visited Fort Knox, despite plans announced in February 2024 to verify the presence of the gold reserve there.
  • Concerns about missing gold at Fort Knox arose from longstanding worries and recent fears fueled by conspiracy theories and calls from public figures like Glenn Beck.
  • Birch Gold Group, endorsed by Donald Trump Jr. And promoting gold investments, links its messaging to the idea that audits could reveal gold shortages and proposes gold IRAs as beneficial.
  • Fort Knox stores nearly half of the government's total gold reserves, totaling approximately 147 million ounces, and has been subject to annual audits that have consistently reported no major issues.
  • The controversy has increased gold demand, especially physical bars stored offshore in places like Singapore, driven by economic uncertainty and distrust in domestic financial institutions.
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CNBC broke the news in United States on Tuesday, May 27, 2025.
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