埃隆·馬斯克（Elon Musk）加入特朗普總統在橢圓形辦公室簽署執行命令。由安德魯（Andrew）攝影... [+] Harnik/Getty Images。

埃隆·馬斯克（Elon Musk）和他是工程師一樣，是一名演藝人員，他關於讓他的政府效率部（Doge）直播訪問諾克斯堡的想法就是另一個例子。

Elon Musk is as much of a showman as he is engineer, and his idea about having his Department of Government Efficiency (DOGE) livestream a visit to Fort Knox is yet another example. The plan, at least according to what has been floated in the media, is to roll up to America’s most famous gold vault and show the public exactly what’s (or isn’t) behind those colossal steel doors.

埃隆·馬斯克（Elon Musk）和他是工程師一樣，是一名演藝人員，他關於讓他的政府效率部（Doge）直播訪問諾克斯堡的想法就是另一個例子。該計劃至少根據媒體的流動，是要滾動到美國最著名的金庫，並準確向公眾展示那些巨大的鋼鐵門背後的（或不是）。

Some might call it a publicity stunt, but plenty of Americans, grappling with rampant government corruption, inflation, and growing distrust in institutions, find themselves oddly intrigued. A live unveiling of the national gold stash would be quite the spectacle.

有些人可能將其稱為宣傳特技，但是許多美國人，努力應對政府腐敗，通貨膨脹和對機構的不信任，發現自己很奇怪。民族黃金儲藏的現場揭幕將是相當奇觀。

The timing couldn’t be more apt, given the shadows lingering over the international gold market. The Bank of England is facing significant challenges in fulfilling physical gold withdrawal requests, with delays extending to 4–8 weeks instead of the usual 2–3 days, raising concerns about the actual availability of its gold reserves. The strain stems from a surge in demand for gold deliveries, exacerbated by large shipments to U.S. COMEX warehouses and global political uncertainties. Critics suggest the Bank may have engaged in fractional reserve practices, lending or leasing gold it does not physically hold, creating a liquidity shortfall. These delays, coupled with vague justifications such as logistical constraints, have led to speculation that the Bank is scrambling to reacquire gold to meet obligations. If unresolved, this situation could undermine trust in the Bank of England as a global custodian and destabilize confidence in the broader financial system.

考慮到國際黃金市場上徘徊的陰影，時間安排再好不多。英格蘭銀行在滿足實體黃金提取請求方面面臨著巨大的挑戰，延誤延長至4-8週，而不是通常的2-3天，這引起了人們對其黃金儲量實際可用性的擔憂。這種壓力源於對黃金遞送的需求激增，這加劇了向我們的COMEX倉庫和全球政治不確定性的大量運輸。批評者認為，該銀行可能已經從事分數儲備慣例，貸款或租賃其物理持有的黃金，從而造成流動性短缺。這些延誤，再加上諸如後勤限制之類的模糊理由，導致人們猜測銀行正在爭先恐後地重新徵收黃金以履行義務。如果尚未解決，這種情況可能會破壞英格蘭銀行的信任，因為全球保管人，並破壞了對更廣泛的金融體系的信心。

The price of gold has been on a roller coaster in 2025, reaching an all-time high of $2,956.22 per ounce in February, driven by strong demand as a hedge against inflation, geopolitical tensions, and central bank accumulation. After rising over 25% in 2024, gold has already gained 10.35% this year and is projected to surpass $3,000 per ounce by mid-2025, with some forecasts suggesting it could reach $3,200–$3,300 later in the year. Analysts attribute this bullish trend to declining interest rates, increased ETF inflows, and global economic uncertainties, which have reinforced gold’s safe-haven appeal.

在2025年，黃金的價格一直在過山車上，在2月的歷史最高售價為每盎司2,956.22美元，這是在強勁的需求驅動下，作為對沖，地緣政治緊張局勢和中央銀行積累的對沖。在2024年上漲了25％以上後，今年黃金已經上漲了10.35％，預計到2025年中期，黃金預計將超過每盎司3,000美元，一些預測表明，今年晚些時候可能會達到3,200- $ 3,300。分析師將這種看漲趨勢歸因於利率下降，ETF流入增加以及全球經濟不確定性，這加強了黃金的安全吸引力。

Beyond sheer entertainment value, there’s a deeper question: no matter what they find in Fort Knox, will anyone care?

除了純粹的娛樂價值之外，還有一個更深層的問題：無論他們在諾克斯堡發現什麼，有人會在乎嗎？

Here’s Where Trump’s Government Layoffs Reportedly Are—Social Security Administration, FEMA, IRS And More

據報導，這是特朗普政府裁員所在的地方 - 社會安全管理局，FEMA，IRS等

Supreme Court Backs Trump In USAID Case: Here’s Where Trump Is Winning—And Losing—In Court

最高法院在美國國際開發署案中支持特朗普：這是特朗普在法庭上獲勝和失敗的地方

Trump Places Freeze On Federal Credit Cards In Newest DOGE Executive Order

特朗普將凍結在聯邦信用卡上按照最新的行政命令

What Happened in 1971?

1971年發生了什麼？

It’s possible that many will, but that the concern will be borne out of ignorance of how the dollar actually works. Many Americans still assume that their dollars are tied directly to gold. Not long ago, I spoke to a friend who is literally a rocket scientist, and was baffled to learn that the dollar hasn't been redeemable for gold since 1971.

許多人可能會出於對美元實際運作方式的無知，但這種關注將得到體現。許多美國人仍然認為他們的美元直接與黃金有關。不久前，我與一位從字面上是一名火箭科學家的朋友進行了交談，並感到困惑地得知自1971年以來美元就無法贖回黃金。

That year, President Nixon “temporarily” suspended gold convertibility, effectively abolishing the Bretton Woods system. This moment, known as the Nixon Shock, pivoted the world from a gold-pegged monetary order to the free-floating fiat currencies we all use today. More than half a century later, we can look back and notice dozens of fascinating correlations between this decoupling and fundamental changes to American life. Even still, people either forget or never learn that their greenbacks are not claims on any physical commodity.

那一年，尼克松總統“暫時”暫停了黃金兌換性，實際上消除了布雷頓伍茲系統。這一刻被稱為尼克松衝擊，從金色的貨幣秩序到我們今天使用的自由浮動法定貨幣，使世界樞紐。半個多世紀後，我們可以回顧一下，並註意到這種脫鉤和對美國生活的根本變化之間的幾十個迷人的相關性。即便如此，人們還是不會忘記或從不了解自己的綠色對任何物理商品的要求。

Yet the federal government still owns about 8,133 tons of gold—by far the largest state-owned hoard in the world. Which raises the question: Why?

然而，聯邦政府仍然擁有約8,133噸的黃金，這是世界上最大的國有ho積。這提出了一個問題：為什麼？

One answer is historical inertia. The U.S. built up gold in the twentieth century under Presidents from FDR (who famously confiscated private gold in 1933) to Eisenhower, under whom holdings soared to around 20,000 metric tons. Later presidencies saw major outflows or sales. Still, thousands of tons remain on the books. There is enough gold held by the federal government that if it vanished tomorrow, the global markets would register a shock unlike anything we’ve seen in modern finance.

一個答案是歷史慣性。美國在20世紀的總統（從1933年沒收了私人黃金）到艾森豪威爾（Eisenhower）的二十世紀建立了黃金，在艾森豪威爾（Eisenhower）下，持有量飆升至約20,000公噸。後來總統會看到主要的流出或銷售。儘管如此，書籍仍然存在數千噸。聯邦政府持有的黃金足夠多，如果明天消失，全球市場將遭受震驚，與我們在現代金融中看到的任何事物不同。

Even though it doesn’t back the dollar, America’s gold serves multiple strategic roles. Central banks worldwide still view gold as the ultimate backup plan, and for the U.S., the sheer volume of bullion may afford a psychological buffer. In times of extreme economic stress, gold reserves can be used to stabilize currencies or provide collateral. In fact, there has never been a fiat currency that was not pegged to gold at first. Even though the dollar is not redeemable for gold any more, it would not exist today had it not been redeevable for gold in the past.

即使它不支持美元，美國的黃金仍扮演多種戰略角色。全球中央銀行仍然將黃金視為最終的備用計劃，對於美國而言，金條的數量可能會帶來心理緩衝。在極端經濟壓力的時期，黃金儲備可用於穩定貨幣或提供抵押品。實際上，從來沒有一開始沒有固定過黃金的法定貨幣。即使美元不再可以兌換為黃金，但如果過去的黃金不可重新報導，今天它將不存在。

It’s been decades since

自從幾十年以來