The Gold Standard's Ghost: Trump, Bessent, and the Dollar's Declining Grip Scott Bessent recently told Fox News that America's gold reserves at Fort Knox are valued at over $1 trillion.
However, this assertion is overshadowed by the reality that the value of the dollar has long since been decoupled from its gold backing.
The Trump administration's focus on auditing Fort Knox and investigating conspiracy theories about stolen gold is a sideshow.