February 20, 2025

"That was a bad bump."

How to react to turbulence, Trump-style:

And, yes, please check on the gold in Fort Knox. A walk-though, live-streamed, would be so reassuring. Let's all grimace playfully. It's the new whistle a happy tune. 


ADDED: What if they went into Fort Knox and all they found were empty bottles of Prohibition Era hootch?

55 comments:

R C Belaire said...

I'll be surprised if they even let Trump into the place, let alone Musk and his team.

Amadeus 48 said...

I could be first, but I have nothing to say.

Jaq said...

The fact that no political appointment by the President since the Truman presidency has had any access to the books at Treasury is a little bit worrisome, then we find out that one third of the checks Treasury writes are note noted as to the purpose, or given any identifier which can link it back to the legal spending authorization is kind of troubling too.

I used to manage a small restaurant as a young man that dealt entirely in cash, we didn't even have a credit card machine, nobody did in these small restaurants in those days. This would have been like me paying people in brown bags and not telling the owners who I paid or why and telling him that it was none of his business.

tim maguire said...

R C Belaire said...I'll be surprised if they even let Trump into the place, let alone Musk and his team.

Under whose authority would they say no? Trump gets to go anywhere he wants and gets to bring anybody he wants.

I hope they bring cameras. It would be the most watched event at least since Al Capone’s vault. (And imagine the different reaction if they found the same thing Geraldo found!)

rehajm said...

As a kid I recall attention to the bullion reserve and seeing video on the interior. A bit of interweb research confirms:

“On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository,” Mrs. Brooks said. “His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel.

“The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. By also inviting the press to witness the Congressional inspection, the Mint is clearing away cobwebs and re-assuring the public that their gold is intact and safe. For the first time photographing is being permitted inside the Depository.”

After the Congressional inspection, the Bullion Depository will once again be closed to visitors.

On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued.


…maybe that will head off some or the leftie panic about it. Doubt it…

Ralph L said...

Odd Job is standing next to him and ready to go, but where's his hat?

rehajm said...

When Obama first took office there was a bit of…concern amongst my circle of financial professionals, including those of the political left. There was cash hoarding and a small shift to ‘go bag’ hard assets. In the office of one hedge fund guy a gold bar door stop showed up. He confided it was genuine 😳. It was quite heavy. So if they’re missing one…

Kate said...

As long as Pussy Galore isn't waiting nearby to fly the Rock-a-Bye-Baby mission.

Mr. Forward said...

112 year old Jimmy Hoffa opens the door, demands his Social Security check.

BUMBLE BEE said...

Naturally, it would be Trump's fault!

Lawnerd said...

The federal government spending habits put drunken sailors to shame.

Political Junkie said...

As a teen I watched Geraldo open Al Capone's vault. It was a bust. DJT exploring Fort Know would be awesome. Make it a "Deficit Paydown Telethone". Each gold bar found must be matched in dollars by call in pledged donations. Make America Solvent Again!

Blair said...

They shouldn't live stream anything that would assist an Oceans Eleven style gang to steal it.

paminwi said...

Yes! Trump should go into Fort Knox. Only 1 media person allowed. No live streaming-still think there needs to be some mystery about where & how to access it. Cuz truthfully I don’t believe the military folks guarding it are up to defending it. It seems to me to be a post where you can get fat and lazy cuz nothing is going on. Though maybe now they might be on red alert since they never know when Trump might show up! Oh and stealth exit from the WH like a trip to a war zone. No public knowing until Trump’s back in DC. Then think of the memes! Donald Trump as James Bond! Ha!

walk don't run said...

Donald (the most powerful man in the world) and Elon (the wealthiest man in the world) seem to be having lots of fun together unveiling the excesses of the previous administration!! There seems to be a lot that needs to be unveiled. This could go on at this rate for years! They remind me a bit of Batman and Robin as a team going after the evil and lying Dems. What a team!!! Looking forward to Fort Knox.

walk don't run said...

Donald (the most powerful man in the world) and Elon (the wealthiest man in the world) seem to be having lots of fun together unveiling the excesses of the previous administration!! There seems to be a lot that needs to be unveiled. This could go on at this rate for years! They remind me a bit of Batman and Robin as a team going after the evil and lying Dems. What a team!!! Looking forward to Fort Knox.

Big Mike said...

My wife encountered a group online that believes Dick Nixon sold all of our gold reserves to the Chinese more than fifty years ago. l’m not sure what the implications who’d be if it turns out they’re tight.

mezzrow said...

It's good to have the gold you think you have, especially when it's about to hit $3000 per oz. I would check, if it was me making the decision. If there's a show to watch, I'll be sipping a little Old Forester 1920, a prohibition era product I use and endorse (just did, see?) as I experience the nuevo Geraldo flair of this administration.

Josephbleau said...

There was an old Mission Impossible episode where they went to an African country and drilled a hole in the floor of the gold vault and raised up a heater that melted the bars and drained it into molds. The theft destabilized the government and caused the release of prisoners or something. But gold melts at 1900 degf so it seems unlikely.

I bet the gold bars have been replaced with gold clad tungsten bars because the specific gravity of gold is 19.3 and tungsten is 19.6 and that would defeat simple testing, like Archimedes used to do.

The Vault Dweller said...

I like how Trump is properly light-hearted about the turbulence and visiting Fort Knox. I feel like this aspect of his character, handling the unexpected things in life, whether minor or serious, in good stride is something our nation has lost over the last 20 years or so.

Left Bank of the Charles said...

Why is Donald Trump going to Fort Knox to count the gold?

A. Trump is obsessed with gold.
B. Musk accidentally fired the guards at Fort Knox and it needs Secret Service protection until new guards can be hired.
C. Trump is casing the joint.

I’m curious, if Trump decides he needs some of that gold to use as door stops in the Oval Office, or for a new toilet at the White House residence, or to stack in publicly accessible places at Mar-a-Lago, can he just take it? He’d have immunity, thanks to the Supreme Court, right?

FredSays said...

Trump peeking in the door, “Oh, shit!” And then turning to the reporters, “Yup, it’s all there!”

The Vault Dweller said...

FredSays said...
Trump peeking in the door, “Oh, shit!” And then turning to the reporters, “Yup, it’s all there!”


I both hope and expect all the gold to be there, but you haven't been paying much attention if you think Trump would embarrassingly stumble over a situation where all the gold is there. This is man who is preternaturally talented at putting on spontaneous and engaging shows for an audience. A Fort Knox full of gold would not be an Al Capone's safe.

Tim said...

I fully expect the gold is there. But I sure would like to see it livestreamed. Because I have to tell you, there is a niggling little doubt that I cannot shed.

baghdadbob said...

An assay of the gold should be conducted as well, to ensure it is genuine.

Leland said...

I'm glad to see the pressure on Fort Knox, because it has always been a bit strange. I think it was audited only once before, and the powers that run it seemed to be pissed that the public wanted to know. The gold was there. I don't think the base commander is allowed to inspect the reserve.

Why is Donald Trump going to Fort Knox to count the gold?

Transparency. That's been his MO from the beginning, hence the release of JFK files and these audits of departments.

The question is why do you want to keep these things hidden from the public? The security stuff is bullshit, because the facility is just as secure whether we know there is gold in there or not. More secure when everyone knows how much gold is supposed to be there, because we can ask questions when it is missing some. Sort of like when Biden used the Strategic Petroleum Reserve to generate positive news for his Administration. We know who stole those reserves.

JAORE said...

Jimmy Hoffa is buried behind rack #17, floor 2, aisle 11.

"An assay of the gold should be conducted as well, to ensure it is genuine." Do I recall the Brits discovering some of their "gold" bars were not gold at all? Many years ago IIRC.

gilbar said...

doesn't the New York Federal Reserve have MOST of America's gold?

gilbar said...

https://www.newyorkfed.org/aboutthefed/goldvault.html

gilbar said...

"Fort Knox, which is the United States Bullion Depository, holds more than half of the country’s gold supply. There is an excess of 147 million troy ounces of gold at Fort Knox in Kentucky or roughly four and a half thousand metric tons of gold. The book value of the reserve is 6.2 billion, but the market value is closer to 230 billion dollars. Fort Knox holds a total of 56% of the U.S. Treasury’s gold.

The United States Mint in Denver, Colorado has in storage 43 million troy ounces, while West Point in New York totals a further 54 million. That brings the grand total of deep storage American gold to an impressive 245 million fine troy ounces, with a book value of 10 billion dollars. However, that isn’t all the gold the U.S. government has."

Howard said...

They were elected to expose the skeletons in the closets and to find out where all the bodies are buried.

When taking flight lessons during an atmospheric river El Nino storm in a PA-28-141, the turbulence was so bad, the airspeed indicator fluctuated by +/-30kts. I asked my grizzled Vietnam veteran instructor how long before you get used to that feeling. He said never.

wildswan said...

Be sure to pick up the bars; maybe it's 1950 newspapers wrapped in gold foil.

Wince said...

I hope there's video of Trump and Musk diving into chests of gold coins like Daffy Duck.

"I'm comfortably well off!"

stlcdr said...

The stance and flat cap of the field reporter on the Capone bit was interesting.

stlcdr said...

There’s always been speculation that Fort Knox has no gold. I think it’d be sad to prove it one way or another.

RCOCEAN II said...

This just in over the news wire:

"A Federal judge has issued an injuction stopping Musk and the President from visiting Fort Knox. Concerns were expressed over the safety of the gold with 2 unauthorized billionaires visiting the fort. "Who knows what Musk will do with that Gold ?. He reminds me of Goldfinger." said the NY state AG who filed the suit to stop the visit. "

Kakistocracy said...

BALANCE BUDGET NOW??? LETS GIVE IT A SHOT. LOTS OF MONEY COMING IN FROM TARIFFS. DO IT! DJT @realDonaldTrump

The president posted this "truth" this morning. Exactly how much money is currently coming in from tariffs, and how much more needs to come in to balance the budget? 😉

Saint Croix said...

I love that royal "we."

If the gold isn't there we're going to be very upset.

Saint Croix said...

As long as Pussy Galore isn't waiting nearby to fly the Rock-a-Bye-Baby mission.

The insane thing about Goldfinger is that Pussy Galore does everything. She totally saves the day. What does James Bond do? He sleeps with Pussy Galore.

And smacks down Oddjob. But it's a good thing it wasn't up to 007 to deactivate that bomb!

I like that scientist who brushes him aside like he's an embarrassing amateur. Quit playing with the wires, 007!

Dogma and Pony Show said...

It's crazy to realize that all the gold in Fort Knox is only worth the equivalent of what the government paid out to USAID in perhaps the last 7-8 years.

Hassayamper said...

And, yes, please check on the gold in Fort Knox. A walk-though, live-streamed, would be so reassuring.

Not enough. They have to take some carbide drill bits and an experienced assayer too.

I would not be surprised in the least to learn that all our stacks of beautiful shiny gold bars are in fact gold-plated tungsten alloy ingots of the same density, and the gold is now in China or India or Switzerland, or even Ukraine.

Hassayamper said...

There’s always been speculation that Fort Knox has no gold. I think it’d be sad to prove it one way or another.

The only thing that would be sad about finding all our gold to be intact would be the missed opportunity to further undermine the government monster and sow hatred for the the Democrats and RINOs who love it so much. Those are worthy goals even if every ounce is there.

rehajm said...

“A Federal judge has issued an injuction stopping Musk and the President from visiting Fort Knox. Concerns were expressed over the safety of the gold with 2 unauthorized billionaires visiting the fort.”

Hawaiian judges wrong again. There’s plenty of evidence…

R C Belaire said...

Unless you actually look, the gold is in an indeterminate state ala Schrödinger's cat.

Arashi said...
This comment has been removed by the author.
James K said...

I think most of the gold at the New York Fed is owned by other countries. "Die Hard With a Vengeance" is about an attempt to steal the gold. Many years ago I took the tour there, even got to hold a gold bar. The vault is surrounded by something like 30 feet of granite, except for the elevator shaft that connects it to the rest of the world.

Arashi said...

So this judge thinks that Trump and Musk, if allowed to visit Fort Knox, are somehow going to be able to remove thousands of tons of gold? What magic does he think they could employ? Heck, even Goldfinger and Bond knew it would take hundreds and hundreds of truck over days to move it all.

I want everything audited. I personally think there has not been any gold to speak of at Fort Knox in a long time. Since the US owns it, the President and his appointed team should be allowed to visit whenever they want.

James K said...

I took RC's post about the judge as humor, but it's hard to tell the difference these days.

Bill R said...

The guy in the background of the Trump on Air Force One photo reminds me of the Goldfinger character "Oddjob".

I wonder if he could decapitate Chuck Schumer with his bowler hat.

JohnG said...

What would Geraldo do if all they discovered is Al Capone's treasure?

JIM said...

I can see the lefties raging out hard with visions of Auric Goldfinger Trump dancing in their fevered brains.
"He's going to steal the gold now, shriek"!

Rusty said...

Left Bank of the Charles said...
"Why is Donald Trump going to Fort Knox to count the gold?

A. Trump is obsessed with gold.
B. Musk accidentally fired the guards at Fort Knox and it needs Secret Service protection until new guards can be hired.
C. Trump is casing the joint.

I’m curious,"

No you're not. You remind me of those peasant minded mouth breathers that are convinced that if someone is a millionaire or billionaire they stole the money from them.

Gospace said...

gilbar said...
https://www.newyorkfed.org/aboutthefed/goldvault.html

2/20/25, 8:38 AM


The vault in NYC is also designed to flood. It's below sea level. The valves to flood it have never been opened- but they're there. That's something I heard as a child from someone who was part of building the vault.

Mary Beth said...

I am disappointed that PredictIt isn't offering me a chance to bet on whether the gold is there.

mikee said...

An audit of the contents of the vaults at Knox seems oddly appropriate, considering the $20,000,000,000 the Biden administration dumped to some banks in its final days through EPA grant-distribution authoritization, without requirements the recipients prove grant-worthy. Heck they probably didn't need an ID to pick up grant checks.

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