Comment on What is going on with gold? by truthistruth

Parent Post: What is going on with gold?

truthistruth · 2/19/2025, 12:16:59 AM · permalink

💰Fort Knox, located in Kentucky, USA, is home to the United States Bullion Depository, which is one of the largest gold storage facilities in the world. Here are some key points about the Fort Knox gold reserves:

🪙Purpose: The primary purpose of the depository is to store gold reserves for the United States. It serves as a secure storage facility for the nation's gold.

🪙Security: Fort Knox is known for its extremely high level of security. It includes multiple layers of physical security like fences, surveillance, and armed guards, along with strict access controls. The gold stored there is considered to be among the safest in the world.

🪙Gold Holdings: As of the last public disclosure, which was in 2020, the U.S. gold reserves held at Fort Knox were approximately 147.3 million ounces of gold. This represents a significant portion of the U.S. government's gold reserves, although the exact current amount could be different due to transactions or audits not publicly disclosed.

🪙Audit and Transparency: The U.S. government periodically conducts audits of the gold reserves, but comprehensive, detailed public audits have been rare since the 1950s. There's some controversy and speculation about the exact amount of gold stored there due to limited transparency, but official statements confirm regular checks.

🪙Historical Context: Fort Knox began storing gold in 1937 following the Gold Reserve Act of 1934, which allowed the U.S. government to nationalize gold and establish this depository. During WWII, other nations also stored their gold there for safekeeping.

🪙Access: Access to the gold inside Fort Knox is extremely restricted. Even high-ranking officials, including the President, do not have automatic access without specific authorization.

🪙Public Perception: Fort Knox has become synonymous with impregnable security, often referenced in popular culture to denote something that is extremely well-protected or impossible to breach.
![image](https://us-lax-1.linodeobjects.com/sojooo/comments/92/1739924218954-09692a1a5b0dad78.jpg)

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