Steve Shupe passed along this Associated Press report on
President Trump's recently signed Executive Order to sell the gold in Fort Knox and return the money to the American people. Thanks.
-Garrett
AP 3/28/25- President Trump today signed his latest Executive Order (EO-14250). Trump states that with the ever increasing price of gold, that this is a good time to sell all the gold in Fort Knox. Gold has reached an all-time high of $3101.24 today. This will recover more than a trillion dollars of value at current market rates. He stated that since he has been president gold has climbed a really huge, huge amount. The United States currently holds the largest supply of gold with 8,133.46 metric tons. Trump said he is planning on returning the amount recovered to the American people in the planned checks from DOGE. Musk has found that more than $26M dollars can be saved by the government each year by no longer protecting this useless asset.
As numismatists know, Fort Knox also stores the confiscated 1933 Saint Gaudens $20 gold coins and the Sacagawea gold dollars that were sent into space.
When asked about these coins, president Trump stated that he will probably just use the gold Sacagawea dollars for golf ball markers since they were not supposed to be made and they were never monetized. He stated that he really doesn't like the front but the eagle is great and represents his ball flying through the air. When a reporter mentioned that he could re-stamp the coins with his likeness on the front, he thought it was a great idea and stated that he would look into that.
He stated that he plans to visit Fort Knox next week with his team and he might pick up a couple of them at that time for his personal use, after all he is the president. He also stated that he would use his sharpie to initial them, so everyone knows that it is his ball marker.
To read the complete article, see:
Trump Orders Fort Knox Gold Sale
(https://finance.yahoo.com/news/trump-orders-fort-knox-gold-sale-180016888.html)
Wayne Homren, Editor
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