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Scott Bessent assures Americans Fort Knox gold is still there — then reminds them the dollar is no longer backed by it

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DW NOTE

Bessent says the gold is there but reminds you it doesn't matter — because Nixon closed the window in 1971 and no treasury secretary has opened it since. Fort Knox holds 147 million ounces that cannot be redeemed for dollars at any price, which makes it a very expensive museum.

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Scott Bessent assures Americans Fort Knox gold is still there — then reminds them the dollar is no longer backed by it

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