Donald Trump has sparked panic among conservative investors by calling for an urgent physical inspection of Fort Knox's vaults after the high-profile arrest of a former CIA official, who had $40 million in contraband bars confiscated at his home. The President openly questioned the actual existence of the reported $667 billion in U.S. gold reserves, which hasn't undergone an independent public audit in over half a century, prompting the Treasury to hastily defend itself in front of the markets.
For traditional capital, this is a warning bell that will locally boost speculative demand for physical precious metals, while for Bitcoin maximalists, it's the perfect long-term argument for the undeniable transparency of on-chain audits of digital gold compared to the paper declarations of the Fed.
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