Gold at Fort Knox? Donald Trump Doesn't Think So (If this is true "Americans are in deep trouble").
Although he made this assumption nearly one year ago, the Donald’s comments on gold at Fort Knox – or lack thereof – are making the rounds on Twitter again Tuesday.
Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S.
“I like the gold standard and there is something very nice about it,” he said, in March 2015, in an interview with Josh McElveen, host of Conversation with the Candidate on ABC affiliate WMUR9. “We used to have a very solid country because it was based on a gold standard.”
However, according to the real estate mogul, it would be difficult to back the dollar by gold again.
“It would be very hard to do at this point and one of the problems is we do not have the gold. Other places have the gold,” he said.
According to the latest World Gold Council data, the U.S. still ranks first in gold holdings, which are at 8,133.5 tonnes as of March 2016. That represents 73.3% of the country’s total reserves.
In the same interview from a year ago, Trump was also very vocal about his lack of interest in the Federal Reserve. When asked his position on auditing the U.S. central bank, Trump said, “Audit it, absolutely.”
“I really think you can have it or not have it…I’m not a fan. I’m not a big fan. Audit, 100%,” he added. |
