Ripple CTO David Schwartz Joins the Debate on the Hypothetical Situation of Fort Knox Being Empty of Gold

David Schwartz, Ripple CTO, has joined the comment thread under the recent tweet of an investor and author of the “Rich Dad Poor Dad” book Robert Kiyosaki.

Robert Kiyosaki, an investor and author of the book “Rich Dad Poor Dad,” recently tweeted about a hypothetical scenario where gold might be gone from Fort Knox, and how this may crash the US dollar entirely.

This prompted a discussion among his followers, including Ripple CTO David Schwartz, on the possible implications of such an event.

Kiyosaki began by speculating on what would happen if Fort Knox, where the strategic gold supply of the US is stored, was found to be empty. He suggested that this could lead to a collapse of the US economy, the dollar, and ultimately cause widespread chaos.

However, Schwartz interjected, suggesting that the absence of gold in Fort Knox may not have such drastic consequences as Kiyosaki anticipated. According to him, there is a strong likelihood that US citizens would not be overly concerned with the presence or absence of gold in Fort Knox.

The only discernible outcome that Schwartz foresaw in this scenario was a potential increase in the price of gold. In a separate comment, he acknowledged that a dollar collapse is theoretically possible in this case, but he personally found it to be an implausible outcome.

Despite Kiyosaki's assertion that the dollar will become “toilet paper” and his earlier prediction that “silver will be king,” Schwartz remained skeptical of these claims.

Kiyosaki went on to state that he does not believe the gold is missing, but he posed this scenario to illustrate its potential consequences. He also reiterated his belief that in the event of gold being absent, his ownership of Bitcoin, physical gold, and silver will prove advantageous.

Moreover, Kiyosaki suggested that silver coins could be used instead of cash, a statement he made in a 2024 tweet.