Kitco News, Released on 2/20/25

Is the U.S. secretly stockpiling gold while preparing for a Fort Knox audit? Over 12.5 million ounces of gold have moved from London to the U.S. since November, triggering global supply shortages. Meanwhile, Elon Musk, Rand Paul, and Ron Paul are demanding a full audit of Fort Knox—an event that hasn’t happened in over 50 years. Could this be part of a major monetary reset? And why does the U.S. still value its gold reserves at just $45/oz when market prices exceed $2,900/oz? Veteran market analyst Peter Grandich shares his insights on this unfolding gold mystery. He explains who’s buying gold, what’s next for the U.S. dollar, and whether gold is about to be revalued. With China and Russia aggressively increasing their reserves and global de-dollarization accelerating, could we see the return of a gold-backed financial system? Then, in a stunning turn of events—just one day after this interview was taped—President Trump announced aboard Air Force One that his administration will conduct an audit of U.S. gold reserves to “make sure it’s there.” What could this mean for markets, the dollar, and gold’s future price trajectory?

Key Topics:
Why gold is flowing into the U.S.—who’s behind it?
Could the U.S. Treasury be preparing for a gold audit?
What happens if Fort Knox is missing gold?
Could a gold revaluation fix the debt crisis?
How are China and Russia reshaping the global gold market?
Where does gold go next—$3,500, $5,000?

00:00 Introduction: Gold Market
01:34 US Gold Valuation and Market Dynamics
04:50 Debt and Economic Implications
08:24 Global Gold Transfers and Market Impact
11:57 Potential Fort Knox Audit Outcomes
17:39 Global Shift Towards Gold-Backed Systems
26:11 Investment Opportunities in Gold Mining

Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website – https://petergrandich.com/blog-posts/.

  Fort Knox, gold, gold audit, peter grandich