What Will Ft. Knox Audit Find?
The audit at Ft. Knox could lead to shocking consequences if it turns out American gold holdings aren’t as robust as people have been led to believe. The current gold holdings at the U.S. Bullion Depository at Fort Knox are said to be 147.3 million ounces. The gold is stored in bars holding 400 ounces, weighing about 27.5 pounds each.
Precious metals dealer Bill Holter says the gold and silver markets will go crazy if it turns out those estimates have been exaggerated and the actual holdings are nowhere near the figures cited above. Holter says enormous shifts are likely anyway, especially if we are approaching a financial reset. Silver alone could hit as high as 200 an ounce — up from the current trading price of about $32.75 an ounce.
Here, Holter dives into the precious metals scene, as well as what a US bankruptcy reset might entail. He’s speaking with Greg Hunter on USAWatchdog.com.
