Scott Bessent Confirms Fort Knox Gold, StoneX: US Inflows Exceed 2,000 tons in 2 Months
Watch the video of Secretary Scott Bessent addressing speculation surrounding the nation’s gold reserves, firmly stating, “All the gold is there.”
US Treasury
Federal Reserve and the Current Board of Governors
The Federal Reserve system is comprised of 12 Reserve Banks that were established following the outbreak of World War I in 1914 as a way to manage the cashflow of the country and to prevent future bank runs and other banking crisis’.
The Board of Governors, which is appointed by the President of the United States, is responsible for supervision of the reserve banks and regulating certain other financial institutions and activities.
New Global Gold Standard Emerging from Recession
The Bretton Woods Accord led to the dollar emerging as a reserve currency.
Following World War II, the US had the largest gold reserves.
Bretton Woods provided fixed gold prices that was pegged to the USD making it the central spoke for trade.