Prediction markets surged in bets on a Fort Knox gold audit after US President Donald Trump confirmed his administration’s plan to perform the inspection.
Throughout a flight to Washington on February 19, President Trump advised reporters he intends to go to the power to confirm the gold reserves, based on the Related Press. “We’re going to enter Fort Knox to ensure the gold is there”, he mentioned.
This proposal was first promoted by the monetary weblog ZeroHedge and later backed by Elon Musk and Kentucky Senator Rand Paul.
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Following President Trump’s assertion, exercise surged on Polymarket, a cryptocurrency-based prediction platform. The percentages of the audit taking place earlier than Could 2025 climbed above 70% at one level. As of the newest knowledge, the chance stood at 51%.
When requested what his administration would do if the audit discovered lacking reserves, President Trump mentioned he anticipated “every part is okay with Fort Knox”. He didn’t instantly tackle issues about why the audit was essential however added, “If gold isn’t there, we’d be very upset”.
The audit can be the first official evaluate of the gold reserves since 1974. Many within the cryptocurrency neighborhood help the trouble, arguing that Bitcoin’s
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Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.
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