
Riddhi Siddhi Share Brokers News Channel
February 24, 2025 at 03:43 AM
*Trump Orders Fort Knox Gold Inspection Amid Revaluation Speculation*
📢 President Donald Trump has announced that his administration will inspect Fort Knox to verify the existence and accuracy of U.S. gold reserves, fueling market speculation about a potential gold revaluation.
💰 *Key Highlights:*
🔸 Fort Knox Stores 147.3 Million Ounces – Over 56% of U.S. gold reserves are stored in the Kentucky facility.
🔸 Total U.S. Gold Reserves: 261.5 Million Ounces – Officially valued at $11.04 billion but worth over $510 billion at market prices.
🔸 Speculation on Gold Revaluation – Rumors suggest the U.S. Treasury may re-peg gold at a higher value, potentially unlocking $400+ billion in financial gains.
🔸 Gold Last Revalued in 1934 – The Gold Reserve Act increased gold’s official price by 69%, from $20.67 to $35 per ounce.
🔸 Gold Prices Up 80% Since 2020 – Trading near $1,950 per ounce, with the possibility of further spikes if revaluation talks intensify.
🔸 First Major Gold Audit Since 1953 – Raising questions on whether Fort Knox’s gold stockpiles remain intact.
📈 Market Impact: Gold prices may see increased volatility as investors react to Trump's remarks and speculation about Treasury’s next move.