https://dailyreckoning.com/truth-fort-knox-gold/
US Gold Holdings at Fort Knox and West Point. Are they still there? "If you take the 8,000 tons on the Fed balance sheet in the form of this gold certificate, market to market at $1,300, that mounts to well over $300 billion.
So the secret to the Fed’s balance sheet is its “hidden gold asset,” that gold certificate it received from the Treasury in the 1930s."
"Many gold bugs and conspiracy theorists say there is no actual gold in Fort Knox. They say the reason the government will not audit the gold, for example, is because the gold is not there.
But the truth is quite the opposite.
If you are the Fed or the Treasury and you want people to think that gold is unimportant — which they do — why would you audit it?
You audit things that are important. You do not audit things that are unimportant. If the Fed doesn’t want you to think that gold is important, it follows that they would not audit it. Auditing it pays gold too much respect."