Why We’ll Never Get the Truth on Fort Knox Reserves (Uncut) 02-20-2025
US GOLD AUDIT COVER-UP: Why We’ll Never Get the Truth on Fort Knox Reserves
I know you’re all feeling it there is so much happening in the gold market right now with talker revaluations uncertainty shifting Trends even talk about auditing Fort Knox it almost feels as if something big is really coming so if you have questions or concerns about how this could impact you reach out to our team it’s free and they’ll be happy to explain the situation and help you out and prepare so scan the QR code right here on the screen or there’s a link below in the video description now let’s
get to today’s video for Knox plagued by you know conspiracy theor since the 1970s of whether the gold is really there was it sold off by the US government how dare they how dare they say we can’t look at the Gold how dare you tell me I can’t look at the Gold oh you’re just a little giddy from the [Music] Bronx are we experiencing a modernday Gold Rush here to talk about this and so much more Gerald Chente founder of the trend Journal Gerald always good to be with you welcome back oh always great being on with you
mon me Moni Monami Gerald how long have we been covering this gold market oh years right yeah when was the last time you’ve seen gold this much in the news price aside the rally aside right because that’s never right yeah I was just thinking about this this morning on my walk to the studio yeah they never talk about it because it’s um it’s bearish for the economy and bearish for the market so they keep it out of the news and again of course they also try to bring it down and that’s not a lie that’s a fact how
about that JP Morgan Chase uh what did they do they rig the precious metals Market they only pay $900 million fine or one to five felonies yeah slap on their wrist but anyway they don’t want gold to go up and now they can’t deny it and now they can’t deny it right yeah well that’s what I want to talk to you about because Gold’s everywhere in the news right we’re going to talk about this modern day Gold Rush we see the reports of gold leaving London flying into New York billions uh billions worth of gold um you know ahead
of a possible Trump threat here Trump tariff threat um but we also have Chinese Banks running out of gold according to local news agency eai uh the Commercial Bank of China showing five 20 50 100 200 Grand bars out of stock inside sources tell me heres has suspended sales of their minted 50 and 100 uh uh gr bars so we’re experiencing really a modernday Gold Rush is the retail investor finally waking up I mean we we know they woke up um in China a long time ago but are we finally seeing it here in North America
Gerald absolutely I mean people are concerned about what’s going on and again what was one of your top trends for 2024 a golden year for gold gold went up last year what 25% we said this is the beginning of the new Gold Rush and again I began buying gold I think it was like 1978 around there I think it was like $163 85 cents an ounce and now what are we looking at what about $2,930 an oun on our way to $3,000 and there’s talk of you know when is going to hit 3500 so on our way to 3,000 an ounce as we speak and and you’re hearing
like the Goldman Sachs gang saying this kind of stuff so even the mainstream business are saying that this thing is going to keep going up look there’s so much Global uncertainty and tracking Trends is the understanding of where we are how we got here and where we’re going totally totally totally totally forgotten let’s go back five years ago go January 2020 the Chinese launched the uh Co war and by the way that’s the politicians called it a war on their Chinese Lunar New Year the year of the Rat and what did the company the
countries around the world do bring those interest rates down to zero negative keep them there and dump in trillions of dollars of worthless money backed by nothing and printed on nothing that’s why we’re where we are now and now all that’s coming to an end now and look at oh let’s see how many people how many countries lowered interest rates Oh India just lowered them Oh Canada just lowered them the UK lower them the ECB lower them I mean they they’re all in trouble all of these economies and the the the writing is on
the wall and then there’s the Wild Card two of our TR the uh yes top trends this year the trump card and the Wild Card never before I’ve been at this for 45 years never before have I seen so many wild cards being played and that’s why gold prices are going up people are looking for a safe haven asset because they don’t know how the Trump cards going to be played and these other wild cards such as the Israel war day after day are they going to attack Iran will they attack Iran I don’t know if they’re
going to attack Iran they say they’re going to attack Iran all these wild card cards are to be played gold is the number one Safe Haven asset and also it’s interesting you know we’ve been bullish on bitcoin only since 2017 and now it’s flattened out the talk isn’t about that now the talk isn’t about the cryptos the talk now is going back to Gold interesting right yeah I find that yeah I find I find this um I just find it quite fascinating and of course I thought of you with all this talk of Fort Knox everyone wanting to
look at what’s inside Fort Knox how much gold is there is the gold even there this is a topic uh you know you and I touched on during the summer um just for some background here Fort Knox plagued by you know conspiracy theor since the 1970s of whether the gold is really there was it sold off by the US government the last time so it was visited during Trump’s last Administration Steve manushan went there in 2017 he brought along with him your friend Mitch McConnell and they said the gold stores they saw were intact but the
vaults relevance is not what it used to be since the US left the gold standard in 1971 for about a hundred years before then all US currency was backed by stock piles of gold kept safe in places like Fort KNX so we so we don’t we haven’t had there’s no yearly audit of the of Fort knock of the US Gold Bars and now it looks like Elon Musk is spearheading this this this initiative of with the help of uh of Senator ran Paul of let’s finally see if the gold is there are you confident we’re going to get an answer
Gerald you never know you know they say one thing and do another thing and maybe they won’t do it because they don’t want to show that there’s nothing there what do you got a$ 36 trillion doll debt and let me tell you a quick story about you mentioned 1971 yeah I don’t know when you were up here if you saw the picture of me and John Connelly yes I was the governor of Texas there’s a picture of me him and his wife Nelly in front of the B The Book Depository it’s their first time back he was the governor the Democratic governor of
Texas that took the bullet in the back sitting in front of Kennedy he wanted to meet me because in one of my books Trend tracking that I wrote in 1990 1989 far better than megat Trends Time Magazine I had forecast someone like Ross perau run for people wanted someone like him to run for president this is two weeks before the 1992 election with bush Ross perau and uh Clinton so he wanted to meet me so I went down to Dallas I’m mentioning this because it goes back to Gold remember this is the guy that took the bullet in
the back I have the photo of me him and his wife in front of The Book Depository their first time back since the assassination as we’re going back into the anat hotel he said said to me you know Gerald I read your book he said it’s a fine piece of work and I know your heart’s in the right place but you don’t have a clue what’s going on and neither do the American people because if they did there’d be revolution in this country he’s the same John Cony that was the Democratic governor of Texas that took the bull in the back
that was the Republican treasury secretary under Richard Nixon that took us off the gold standard gosh I wonder what he knew yeah yeah we stayed in touch by the way up until February and then he died in April we were very much in touch and uh but anyway this is a crime syndicate out there how dare they how dare they say we can’t look at the Gold how dare you tell me I can’t look at the Gold oh you’re just a little giddy from the Bronx you have no right you’re not a billionaire only billionaires are allowed to talk
only billionaires can see the president the rest of you shut your damn mouth and do what you’re told that’s the attitude out here why can’t we see where the gold is I’m an American citizen I am as good as you no don’t tell me you’re the commanderin-chief that’s the way I feel about it well you just raised it’s a very simple question why can’t we get a goal like and and and I really hope they do audit it but I guess to your point we don’t know if we’re going to get the truth no you’re a bunch of
lying sobs they want why can’t they tell us who the hell are they to say we can’t see hey oh but you steal my money in taxes you like that don’t you but you’re not allowed you’re not an American you’re just a plantation worker of slave landia so shut your damn mouth that’s the attitude that they have I felt you were a little bit more you know I follow you on social media and I know you’ve been very clear that you know you you haven’t liked either party but you like the direction you you were you were Pro
tariffs and you want uh to obviously end income tax like all of us do yep that because before when McKinley was president they had he said whatat do you want cheap products or high wages once upon a time it was manufacturing all over this country and high wages and they didn’t have income tax that slime ball who gave us World War I the Federal Reserve Federal Income Tax and the IRS woodro Wilson invented this crap so yeah you’re going to do tariffs get rid of income tax there’s a crime syndicate stealing the
money from us oh the big Corp all these billionaires they pay nothing they pay nothing they got all these accountants that shuffle the money all over the world they pay nothing oh what did what did Buffett say that his secretary pays more in average percentage than he does oh by the way one of my buildings in europeia I used to work rent to his son Peter Buffett my 1763 Dr Jensen house he has a Novo Foundation never gave me a penny for my occupied peace rallies that I had up here the billionaires got all the control of this
country oh we’re both Italian remember there was this guy by the name of musolini oh yeah the merger of state and corporate Powers fascism well the other big portion of why Gold’s been in the news is there’s talk of a revaluing of gold and how it could be used to address the national debt problem experts such as Jim Rickards our friend Jim Rickards contend that every $4,000 surgeon gold’s price might wipe out around 1 trillion of national debt um any thoughts on a revaluing of gold could we could we see
this happening Gerald absolutely look what happened look what s once upon a time there was a guy by the name of Franklin Roosevelt turn in all your go what’ you have to turn in a quick story my father May rest in peace I’m a young kid like 17 years old he tells me you know he said when they they Franklin Roosevelt made everybody turn in gold in the 1930s I go over to your grandfather’s house and Grandpa’s packing up all this gold I said pop what are you doing with it and grandfather said to me I’m giving it to the
president he wants our gold back because we have to support America my father said what are you out of your mind don’t do that my grandfather yelled at my father they what did they sell it back for like $26 an ounce or something as soon as they stole the gold what did they do they rose rose the price of gold to what 32 or $33 an ounce so your dad actually gave the gold handed in the gold no my grandfather your grandfather sorry handed in the gold yeah because my grandfather was proud to be in American you know he came
from Italy and you know we and my father said to what are you crazy don’t give him back the gold and my grandfather yelled at my father and gave the gold back to the to the government so again they raised the price like that here I you’ve been at my place the Mohan just to put it into perspective about raising the price of gold I forget what the exact number was it was like I think $26 an ounce and then they raised it to like 32 or 30 something dollars an ounce somebody gave me a uh newspaper clipping where I am is called the Mohan
Market was like an oldp 1939 you ready family sized lemon merang pie 15 cents two for 28 cents two for 28 cents the penny was worth dollars so when I’m talk when you’re talking about what Rickers is saying and raising the price of gold look how much they actually raised the price of gold back then it wasn’t like a four or five raise it was like a $100 raise when you look at the value of what the dollar used to be back then again imagine this lemon marang pie 1939 I got the article right here 15
cents family size two for 29 so yeah they’re going to raise the price there I I this is going to be a gold bll run the likes of which we’ve never seen before yeah yeah and so I’m sorry go on no no please please the other thing is too we got to look at what’s going on in the equity markets they they’re not going up great now everybody forgot what happened three weeks ago oh remember deep seek or what’s that oh you forgot about it oh you forgot when Nvidia went down 177% in one day and lost almost $600 billion
dollar of value because the Chinese is saying no you don’t need all these big chips and everything else we could do it a lot cheaper did here this is your Trends Journal if I can find here it is this is when it used to be a quarterly and now it’s of course a weekly this fall 1999 over load will short circuit many high expectations for huge profits in Internet Commerce entertainment and a wide array of do Services following the holiday season many of today’s high-flying internet stocks the hottest
IPOs newly emerging IPO wannabes will have begun a deep descent from their overvalued heights we said it would bust by the second quarter of 2000 it did the NASDAQ Dove 80% when the trends are born they grow they mature reach old age and die we came up with the.com bus because the internet revolution had just been born a few years before and it was over speculation and things that made no sense the same thing has happened with AI it was just born what in 2022 way over speculation it’s a different China now now they are
competitors oh you want those H1B Visas so you can bring in cheap high-tech from India and and and China and other countries just to put this into perspective this is a fact before China was brought into the World Trade Organization by Bill Clinton in 2000 and what actually it came in officially two weeks after 911 but in 2000 10% of the Chinese 18y olds went to college 2024 23 of the 18y olds now go to college I’m mentioning this because they’re very Advanced intellectually scientifically technologically from high-tech to heavy
industry it’s a different China they are big competitors now there’s way over valuation in the NASDAQ every everybody nobody’s talking about what happened three weeks ago there’s going to be a.com bus 2.0 and that’s going to bring gold prices way up the equity markets way down and we go to interest rates all the bet on the street is that n they may lower them once or twice more this year we only go by the facts let’s go back to 2018 the N the Dow had its worth first December since the Great Depression
1931 what did Trump do he was President then he forced your own power to lower interest rates and he lowered them in January 2019 Trump will force the feds to lower interest rates when the.com bust happens when more more economic uncertainty comes about interesting and the lower interest rates go the deeper the dollar Falls and the higher gold prices go and now go you know the dollar is still relatively strong but it’s gone down about what about 1.2% from its where it’s just reached its high because of all this
uncertainty over there so that’s the way we see it I mean yeah I mean it’s amazing that Gold’s rallying now despite the dollar strength so could you imagine right if what you’re saying pans out because are you saying this could happen this year this this do absolutely absolutely they’re way overvalued again they’re inventing stuff again the facts are all there you don’t need these big chips from Nvidia we’re doing it with smaller chips what is CA six million compared to a 100 million to do to to create an AI
and this here this is like going back let’s just say for just for purposes let’s say It’s 190 10 and the automobile was invented you going to invest everything in the first automobile that’s invented is it going to expand and then become more advanced technologically and and and become more efficient you don’t invest everything in the first big company and that’s all they’re doing this trend has just been born again let’s go back to the internet Revolution remember you had the discs us to put in
you could you couldn’t be doing we’re doing now are you goingon to invest in everything in that in the disc company or you going to see how this is going to advance invested in this at a at a at a stage of just the beginning and they invested in it so you’re saying okay AI is not this is just the the the start of AI That’s it are you bullish AI as a whole as a sector well I hate it but it’s going to be the future it’s absolutely this thing is going to be big it’s going to be huge it’s going to keep
growing yeah you know just to as you know I don’t own a cell phone I have a old flip phone when I travel so you pick me up a gate eight I did research in this cellular telecommunications industry going back to 1994 when they had boxes in the trunks of cars with aial and studying the radio frequency radiation that’s why I don’t have them in France they ban them for kids with about 12 years old because your brain Shield’s thinner so that’s why I don’t carry one yeah there’s this picture you don’t sleep next to your
Wi-Fi router I don’t I have I have um I have cable coming in I don’t have I don’t have high Wi-Fi coming in the the um look at that picture it’s all in all in the news of Trump’s inauguration and you got Bezos musk suckerberg all these guys and they’re on their cell phones here you are with with all these people and you’re on your phone you go to bars now people aren’t talking they’re on their phone going back to AI it’s totally totally addictive it is the future it’s a different world it’s going to keep accelerating and the
decelerating mental state into AI as I say they got it wrong in the Kings James Bible they say the meek shall inherit the earth they misspelt it the Geeks have inherited the earth look at that picture look at that picture of everybody at Trump’s inauguration little suckerberg pach one one it’s a freak Show for everybody to see and that’s the future an AI freak Show they’re taking control um I want to go back to your point about confiscation because I think it’s interesting that you you experienced it you lived it and and I
hear a lot of comments of you know know that could never happen again in the US or would it ever happen again but as someone who went through it right and saw your grandfather you know shoveling out the gold and bringing it back to the government um what do you say to folks who said do you think that could that could happen again again I didn’t see it my father saw it um your father saw yeah uh absolutely what are you kidding I mean they know everything we’re doing what we’re doing where we’re doing it
you know I I got gold I got it away from here from nobody could find it ever you know they could you know they would put me in jail maybe for not giving it back but I got out of this country it’s away you know and uh but I’ve been buying gold since 1978 and no they’ll definitely take it back they’ll do anything they want as I said you’re not allowed to you’re not allowed to go to Fort Knox who the hell are you you’re a nobody they’ll do anything they want look at you know you know how disgusted I am got this clown
guy this arrogant little jerk that’s the mayor and one jerk after another by the way this guy Adams oh oh Trump gives him all of all of these people all these criminals that get pardoned hey I’ll pardon you I’ll pardon you I’ll pardon you oh how about Trump’s uh son of- Law’s father uh uh uh uh what’s his name kush yeah oh he pardoned him huh got him out of jail or whatever right I mean it’s a crime syndicate hey I I’ll Pard anybody I want you got a oh where were you going five miles over the speed
limit your backlight was on get Stand Out stand on your head what were you drinking how many but you’re going to jail look at the it’s prosecution to the fullest for we the people and The Bigs get a slap on the wrist they’ll do anything they want anything they want they’ll steal our money do anything they want I don’t think you could beat my ticket though Gerald well this was in Canada but I I don’t think I told you this but I was given a a ticket because I didn’t press the the the actually the
button wasn’t working you know you were supposed to wait for the little man to show up I crossed on the green but I didn’t press the button and I tried to explain this to the officer that the button wasn’t working and I had to get back to my newborns and he was threatening to put me in jail there you go anywh but but we’ll give pardons to criminals exactly and I was just trying to cross the street to put something in the mail yeah um Gerald I think that’s a really strong point you made because it
does feel like there’s been no greater time to own gold no than right now never never never never never never never never never never no this is gonna I’m telling you what I would have thought honest to God I would have thought there would have been a sharp correction in Gold when it hit around 2800 yeah I said I said yeah I could go down another 200 bucks I mean this thing shut up so quick you know yeah it could go up it could definitely be a correction that it went up this high this quick and it’s Global that’s
the big issue yeah that’s the big issue um and and again as you mentioned and this is despite the dollar being strong and on top of all this I mean I thought of you I know no one has an explanation but you know I emailed you right away when I saw the string of Aviation incidents happening I don’t know if it’s the media glorifying it or what not but um the number of Aviation disasters since the start of this this year Gerald I mean how do you I mean we saw one Democrat blaming Trump for this I mean what do you yeah what do you
what do you make of this it just seems like a lot of strange stuff is happening is what I’m trying to say it’s the decline of everything I mean look at the roads look at that look at look at want to take the subway in New York it’s a night in Kolkata you want to take am trap how about am crap I mean again when I was a young guy I began flying first class in 1974 I was a I worked for major trade Association and I’m G we’re putting on a gig down in in Las Vegas I was living in Chicago at the time from Chicago to Las
Vegas first class they rolled down a roast would you like a roast or lobster thermador every body dressed and then nice going up and they had the bar on top and of course I had my one hitter but anyway the uh Back Then There Were scores and scores of Airlines there was competition now there’s no competition thanks to Jimmy K who deregulated the airline industry everything’s gone down they don’t care they’re putting as little into it as they want they the whole thing is rotting in front of our eyes they’re only interested in the
bottom line again everything is in decline in front of our eyes look at the streets look at the potholes look at all over the place look at the bridges the country is rotting in front of our eyes the the big corpor what is like four three or four companies control 80% 80% four companies 80% of the airline industry po companies so they don’t care they’re doing as cheap as they can paying as cheap wages as they can and making as much money as they can it’s the bottom line Society in major decline yep um Gerald thank you so much
for coming on and joining me I mean this news cycle is insane there’s no shortage of news for us to talk about we didn’t even talk about Canada possibly becoming uh the the newest state of the United States Gerald we’ll bring you back soon my friend and thank you very much for all that you do and again to me the only thing that could change this as Two Italians would say is a Renaissance how do they say Al Ramana at alanti in the manner of the Romans and the Ancients to bring back the quality following the black plague wouldn’t that
be nice we need a Renaissance we have to bring back the true American Spirit that this country used to have that’s been taken away from us and to me that’s the only way it’ll change Amen to that Gerald um come back soon and on that note you know no time better to buy gold I I urge everyone reach out to my colleagues um at itm trading we’ll fire up a QR code you could scan or there’s a link below um to to book an appointment and someone can walk you through uh a wealth preservation strategy like Gerald said
there’s no better time than today Gerald thank you again again and thank you all for watching we’ll have more great content coming your way so be sure to subscribe to the our YouTube channel and sign up at denon.com that’s it for me thanks for watching [Music]
