by Gary Christenson
Miles Franklin sponsored this article by Gary Christenson. The opinions are his, and they are not investment advice.
Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Official records claimed 20,000 tons in the 1950s. Over 640,000,000 ounces of real money sat behind those massive locked doors.
That gold gradually disappeared until President Nixon refused to exchange dollars for gold in 1971. Officially in 2020, 147,000,000 ounces of gold remain inside those locked vaults.