20th Anniversary Deals: Get Them While They Last
President Trump’s unexpected focus on auditing Fort Knox, mentioned multiple times during an Air Force One press briefing, has raised eyebrows among market watchers.
While Treasury Secretary Scott Bessent has confirmed that the gold is regularly audited and “all present and accounted for,” the president’s interest might signal a more significant financial maneuver. The key lies in the dramatic disparity between Treasury’s official gold valuation of $42 per ounce and current market prices approaching $3,000.
A revaluation to market prices could instantly generate approximately $750 billion in Treasury assets, though Bessent has dismissed suggestions this might lead to creating a sovereign wealth fund.
