Re: Bitcoin popularity will increase, when no Gold is found in Fort Knox.
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?
Indeed. Since the dollar is tied with gold and the US government claims to have the equivalent of each dollar in gold then the price will easily collapse once someone will leak a video about how catastrophic the situation is in Fort Knox. Why?
1. They know that if this is true, their economy will PROBABLY collapse?
I consider the USD untrustworthy since 70' when they suspended its convertibility into precious metals.
Damn, I never thought that there are still people who think fiat currency/dollar price are tied to Gold.
The US Dollar has not been linked to Gold for the last 45 years, since president Nixon abolished that in his term as president. The only link to the Dollar is that it is mainly traded in US currency, so a weaker dollar makes Gold less expensive for other countries to buy it. So it is important for the US government to protect the dollar price and a shock like this, will definitely influence the dollar price and the Gold price, if this Gold did not exist.