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On Point | Podcast

America's gold fever

On Point | Podcast

WBUR

Talk Show, Daily News, News, Npr, On Point, Daily

4.23.5K Ratings

🗓️ 27 March 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Conspiracy theorists believe more than $400 billion of gold is missing from Fort Knox. President Trump says he will visit Kentucky with Elon Musk to see if the gold is there.

Some economists and historians say this tells us more about the economy in general than security of gold resources.

Transcript

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0:00.0

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0:29.8

WBUR Podcasts, Boston.

0:40.3

This is On Point. I'm Megna Chakrabardi. What if I told you the gold that backs America's financial system might not even exist?

0:45.3

And some people believe that some of the gold bars in official reserves are maybe even counterfeit gold-plated bars off tungsten or other metals. The real win is if it turns out the not all gold there is maybe Moscow and Beijing,

0:58.0

because a scandal of this magnitude would serve as the ultimate proof that the U.S. financial leadership has been built on deception.

1:04.0

Other people believe the U.S. gold has been swapped or loaned out secretly.

1:08.0

We want some clarity. We want to know, is the gold real?

1:12.0

Is it actually there?

1:13.8

And if it is there, is it owned by the United States of America

1:17.6

or is it pledged to someone else?

1:20.8

Gold fever in the form of fever dream conspiracy theories is back.

1:26.7

And it's very online. And it's caught the attention of

1:31.8

Donald Trump, President of the United States, a man who's dabbled in a conspiracy theory or to

1:38.2

himself in his time, such as questioning the fact that former President Barack Obama was born in the United States.

1:45.8

Well, last month, President Trump was aboard Air Force One

1:49.4

when he casually mentioned that he isn't sure all the gold stored at Fort Knox is still there.

...

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