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Scott Bessent confirmed America has $1 trillion in gold and then explained why it doesn't back your dollar

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Scott Bessent confirmed America has $1 trillion in gold and then explained why it doesn't back your dollar

Treasury Secretary Scott Bessent confirmed on Fox News that the U.S. holds over $1 trillion in gold across Fort Knox and other federal vaults, then noted the dollar hasn't been backed by it since 1971. The disclosure closes the audit drama for now but opens pointed questions for gold investors and tokenized-asset markets.

Walter Schulze

5 min read

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