The Gold Standard Deception: What Bessent's Assurance Reveals About America's Monetary System Scott Bessent's recent statement on Fort Knox's gold reserves has sparked renewed interest in the nation's bullion holdings.
However, his words also shed light on a more insidious truth: the dollar is no longer backed by gold. The idea that Fort Knox holds 147.
3 million ounces of gold, worth over $1 trillion at current market value, suggests a tangible connection between the dollar and its historical backing in precious metals.