Agape 🇵🇹

@zerohedge Fed credibility

*POWELL: FED’S CREDIBILITY LOST IF PRESIDENT CAN FIRE OFFICIALS what happens to Fed credibility when cutting 2 months before a presidential election

Gold backed stablecoins will win

the central bank's credibility

@Cointelegraph which credibility? x.com/seth_fin/statu…

🇺🇸 JUST IN: Former Fed Chair Jerome Powell warns that presidential power to dismiss Fed officials over policy disagreements would destroy the central bank's credibility.

@AdamSimecka He knows that gold bars are more difficult to track than bitcoin!

I'm not nearly as worried about a government employee embezzling lots of money as I am about the fact that it was a high ranking CIA official with top-secret clearance that felt the need to hold onto 300+ bars of gold. What does he know?

This discussion belongs in the main stream media, not just in academia

Re "it's just sitting there doing nothing" Gold reserves still support a currency even if not backing it 1:1 USD the global reserve currency without those alleged 8k tons? I don't know... And why would CB keep accumulate something that just "sits there doing nothing"?

@StDoritos @thomas_garrard Who told you "it's just sitting there doing nothing". Gold reserves still support a currency even if not backing it 1:1 Do you think the $ had been the global reserve currency without those alleged 8k tons? Why'd CB accumulate something that just "sits there doing nothing"?

@thomas_garrard The money isn’t gold backed , but our loans and credit are.

Legit question: Since our money is no longer gold backed, even if Fort Knox still has every single ounce of gold that it’s supposed to have, what does it matter? It’s just sitting there doing nothing. If it’s all gone, how does that change anything? Money printer go brrrr.

Remove officials over policy disagreements!

@JimMast46704277 I don't know whether it'll happen. If it does, it'll take some time, months at least. Transparency could boost trust in USA even if there's little less than 8k tons - forcing other countries to do the same. At least the subject of gold reserve audits is going main stream.

@Agape399 And it’ll never happen….no one wants to know we have 50% less impure metal sitting there than originally thought.

"A genuine audit would involve a full physical inventory: weighing every bar, random assay testing for purity, serial number verification, complete chain-of-custody documentation, and independent third-party oversight with full public reporting." 🎯

US forcing EU (DE, IT, FR etc.) to audit their gold reserves 😎

Deutsche Bank projects $ is losing so much purchasing power that it takes $8,000 to buy what $35 bought in 1971

@vicksagewood @WallStreetMav 1 single ounce of gold can fully cover the debt of any nation, it's a matter of price, not quantity

For most of modern history, major currencies were tethered to physical commodities, especially gold. That link imposed a hard constraint: governments could issue only as much currency as their gold reserves supported. Today, no major economy operates on the gold standard. Modern money is fiat-based, backed not by a scarce metal but by nations’ productive capacity, central bank credibility, and confidence in the system itself. The contrast is striking. All the gold ever mined is worth roughly $29–31 trillion USD at current prices, with gold trading near $146,000 per kilogram. Meanwhile, the United States alone carries a national debt of approximately $38.95 trillion. In other words, even if every ounce of above-ground gold on Earth were pooled together, it would not fully cover the debt of a single nation. This illustrates how profoundly the global financial system has evolved: modern economies no longer run on finite stores of metal but on credit, liquidity, and collective belief in future economic output.

Trump already has the authority to order an audit of the gold owned by the US Treasury. There is no congressional requirement for permission. Ft Knox holds 4,580 metric tons of gold. The remaining gold is held at the Denver Mint, West Point Mint and the Fed Reserve Bank of NY.

we talk about gold backed digital currencies all the time!

@Blockstradamus_ @SekundNayture That's why independent third party auditors

@SekundNayture Couldn't have said it better myself.

The Long History of Fort Knox Audit Promises, and Why Everyone Is Skeptical Fort Knox holds America’s largest official gold reserve, approximately 147.3 million ounces, currently valued at around $667 billion. A genuine audit would involve a full physical inventory: weighing every bar, random assay testing for purity, serial number verification, complete chain-of-custody documentation, and independent third-party oversight with full public reporting. The last time anything close to this happened was in 1953 under President Eisenhower. Treasury Secretary George Humphrey oversaw the process, during which auditors opened several compartments at Fort Knox, counted and verified a significant sample of bars (around 88,000 in the opened sections), and performed limited assay tests. It was the last comprehensive effort of its kind. Since then, only partial inspections have occurred, most notably a limited 1974 congressional visit that opened just one compartment for viewing, widely criticized as a publicity exercise rather than a real audit. For over 70 years, repeated promises from presidents and lawmakers across both parties have faded into silence once in office. The Treasury’s standard response has always been “internal audits are sufficient,” but after decades of unfulfilled commitments, that assurance carries little credibility. Now, President Trump has once again stated it’s “time to audit” Fort Knox. The statement sounds familiar because many Americans, across political lines, have grown deeply skeptical after decades of unfulfilled promises from both parties. The pattern is familiar: bold declarations during campaigns or early tenure, followed by silence and Treasury assurances of “internal reviews.” This time, the stakes feel higher. With national debt exceeding $36 trillion and growing global competition for physical gold, a credible audit could restore confidence and reinforce America’s commitment to hard assets. But after 70+ years of broken promises, People want proof, not more press releases. #FortKnox #Gold #GoldReserves

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@drukknoopje @sebp888 Hi Pieter, Please DM me your Monero wallet address, and I’ll buy you a coffee! ☕

Found a fren @sebp888 🧡🇳🇱

BTC had to be a cryptocurrency, not a cryptoasset

@Real_JackJ Look also for your stored metals getting regularly audited by a third party

SILVER & GOLD BUYERS I no longer pay for anything collectible or Sovereigns. I only buy bars and francs. Furthermore I only buy where I can have the assets stored for me and where I could take physical delivery if I so choose. I recently tested selling some eagles (both metals). They try to rape you on selling and they rape you with premiums when buying. Just buy generic gold & silver. #silver #gold

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