I am very curious on why the American public has not insisted that a full audit must be done on the actual Gold that are stored in Fort Knox and other secure places in America. They blindly accept that there are lots of Gold stored in the vaults in Fort Knox and all over America. The government has no right to withhold that information, but the public is not demanding it.
Why?
1. They know that if this is true, their economy will PROBABLY collapse?
2. They are scared of their government?
3. They are just ignorant?
4. They simply do not care about this?
Why would the government go to that much trouble to hide this information from the public, if they had nothing to hide?
What do you think will happen, once the truth about this is revealed and how will this impact Bitcoin?
The point is, we might never see a full audit of Fort Knox and other secure sites. So this question might never be answered.
Plus, since the gold standard was abandoned decades ago,it might not really make a difference. After all, the only thing backing up the dollar now is the faith of the US government.
It does not matter if the gold standard was abandoned, the American citizens and the rest of the world needs to know what happened with that Gold. I might be wrong, but someone told me once that not even other countries that stored their Gold there, are allowed to check if the Gold is still there, so it is not just American Gold being stored there.
They might have relocated some of the Gold that was there, but nobody knows.
Who says all the Gold bars is solid Gold? It can contain lead and be coated by Gold.