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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

  • Trump pushed to open Fort Knox amid theft conspiracies; Treasury Secretary Scott Bessent visited and says all the gold is present and accounted for.
  • Fort Knox holds about 147.3 million ounces (roughly $600+ billion), but the U.S. left the gold standard in 1971 so that gold no longer backs the dollar.
  • France and other allies are repatriating gold and diversifying away from the dollar as the dollar’s share of global reserves falls (around 57%), stoking talk of de‑dollarization.
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