The James Altucher Show
Is Fort Knox Empty!? | News You Might Have Missed
Feb 21, 2025
Curiosity sparks as a viral tweet raises questions about the gold reserves at Fort Knox. What if the U.S. gold isn't really there? The discussion delves into the history of the gold standard and the transition to paper money in 1971. It also considers the implications for inflation, the economy, and national debt. The conversation extends to the peculiar relevance of pennies in modern currency and the future of money, including Bitcoin as a digital alternative to gold. Innovative ideas, like supersonic travel, also pop up along the way.
31:17
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Quick takeaways
- Elon Musk's tweet questioning Fort Knox's gold reserves leads to a broader exploration of trust in the U.S. dollar's value since abandoning the gold standard.
- The podcast discusses the potential advantages of digital currencies like Bitcoin over gold, suggesting a reevaluation of gold's relevance in today's economy.
Deep dives
Elon Musk's Inquiry into Fort Knox
Elon Musk's recent tweet questioning the existence of gold at Fort Knox ignites discussions around the legitimacy of gold reserves and what implications this might have. Concerns about the gold's presence reflect broader anxieties over the U.S. dollar's perceived security, which was historically backed by gold until the U.S. abandoned the gold standard in 1971. The podcast delves into the rapid evolution of paper money and its reliance on faith in government rather than tangible assets. This sets the stage for why verifying the gold in Fort Knox has become a matter of public interest and skepticism, prompting further inquiry into the implications of its potential absence.
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