U.S. Treasury Secretary Scott Bessent comments that the United States holds more than $1 trillion in gold, while saying the amount is not relevant to the dollar’s value. In remarks reported by Fortune, he says he has not visited Fort Knox but describes the gold stocks there as “present and accounted for.” The articles state that the U.S. gold held at Fort Knox totals about $600 billion, and that, when combined with other U.S. gold holdings, the figure exceeds $1 trillion. Bessent also characterizes the relationship between gold reserves and the dollar as nonessential, indicating that gold stock levels do not determine the currency’s performance. The coverage focuses on his statement about the scale of U.S. gold holdings and his view that the dollar does not depend on those reserves. There is no additional detail in the provided excerpts about specific policy changes or economic plans tied to the comments.
Scott Bessent says U.S. holds over $1 trillion in gold, adding it does not affect the dollar
U.S. Treasury Secretary Scott Bessent comments that the United States holds more than $1 trillion in gold, while saying the amount is not relevant to the dollar’s value. In remarks reported by Fortune...
- Scott Bessent says the U.S. holds more than $1 trillion in gold.
- He says he has not been to Fort Knox but asserts the gold there is accounted for.
- The gold at Fort Knox is described as totaling about $600 billion.
- Bessent says the amount of U.S. gold does not matter for the dollar.
The Treasury Secretary says he hasn’t been to Fort Knox, but said all $600 billion in gold there is “present and accounted for.”
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