What happened to the gold we took out of Iraq ?

[screwball]

59 minutes ago, dinarham said:

 From what i can gather on the google , true or no , is that the most gold Fort Knox held was in 1942 ,amounting to 650,million troy ounces ,and did not change through out WW2 , that war  allegedly having no impact on our gold reserves. As of 2025 , Fort Knox holds 147 million troy ounces . Records of the gold held at Fort Knox  in 2003 until 2014 are not available to us poor slobs.

remember there were allegations about missing trillions from the pentagon etc around sept 11? just saying

[dinarham]

Trump has said that he favors gold backed currency because it "levels the playing field" There are reports of Trump rounding up all the gold and stashing it in NY somewhere. Then there was the crypto meeting and I believe these events are tied together.

[Shedagal]

On 3/8/2025 at 6:33 PM, screwball said:

remember there were allegations about missing trillions from the pentagon etc around sept 11? just saying

21 trillion as I remember.

[Shedagal]

1 hour ago, dinarham said:

Trump has said that he favors gold backed currency because it "levels the playing field" There are reports of Trump rounding up all the gold and stashing it in NY somewhere. Then there was the crypto meeting and I believe these events are tied together.

Have heard gold being stored in multiple facilities around the US.

[screwball]

36 minutes ago, Shedagal said:

Have heard gold being stored in multiple facilities around the US.

i heard they are frantically trying to get gold back in fort knox?? but no have not heard this!

[screwball]

38 minutes ago, Shedagal said:

Have heard gold being stored in multiple facilities around the US.

i also seen a post just today with President saying the US is going to be really wealthy very soon.....i suspect all the confiscated crypto, gold and tariffs flowing april 1st

[screwball]

also vote on new budget bill next week with huge tax cuts including income i believe

[dinarham]

   Big dumb question here , what is backing crypto ?

[HowieC]

3 hours ago, dinarham said:

   Big dumb question here , what is backing crypto ?

From what I gather..... crypto currencies are determined by market forces. Not directly backed by gold or any physical assets.

[dinarham]

I put this question on the google and found this out . Cryptos are not backed by gold or any other tangible asset . It is based on it's unique proprietary knowledge to move money internationally ,bock chain and all , and about its scarcity . It has no allegiance to any country and will free float around the world   All countries , including the USA, need solid tangible assets , including gold at #1 .  

[md11fr8dawg]

Cryptos are backed by the exact same thing the USD is, NOTHING. And don't say that the USD is back by the good faith of the US Government, because that's a f'ing joke!!!

[screwball]

xrp is gold backed......thats why it is preferred by IMF as CBDC.....used by baks to enable fast and cheaper swift transactions

[screwball]

9 hours ago, md11fr8dawg said:

Cryptos are backed by the exact same thing the USD is, NOTHING.

most not all

[64jaguar]

On 3/14/2025 at 9:17 AM, md11fr8dawg said:

Cryptos are backed by the exact same thing the USD is, NOTHING. And don't say that the USD is back by the good faith of the US Government, because that's a f'ing joke!!!

Crypto value is in the technology. XRP and several others like XLM, XDC, ALGO, QNT, IOTA, will move the worlds money and soon EVERYTHING will be tokenized. I don't really think XRP is backed by GOLD, but it WILL move TOKENIZED GOLD all around the world at some time in the near future.