埃隆·马斯克（Elon Musk）加入特朗普总统在椭圆形办公室签署执行命令。由安德鲁（Andrew）摄影... [+] Harnik/Getty Images。

埃隆·马斯克（Elon Musk）和他是工程师一样，是一名演艺人员，他关于让他的政府效率部（Doge）直播访问诺克斯堡的想法就是另一个例子。

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·马斯克（Elon Musk）和他是工程师一样，是一名演艺人员，他关于让他的政府效率部（Doge）直播访问诺克斯堡的想法就是另一个例子。该计划至少根据媒体的流动，是要滚动到美国最著名的金库，并准确向公众展示那些巨大的钢铁门背后的（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.

有些人可能将其称为宣传特技，但是许多美国人，努力应对政府腐败，通货膨胀和对机构的不信任，发现自己很奇怪。民族黄金储藏的现场揭幕将是相当奇观。

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.

考虑到国际黄金市场上徘徊的阴影，时间安排再好不多。英格兰银行在满足实体黄金提取请求方面面临着巨大的挑战，延误延长至4-8周，而不是通常的2-3天，这引起了人们对其黄金储量实际可用性的担忧。这种压力源于对黄金递送的需求激增，这加剧了向我们的COMEX仓库和全球政治不确定性的大量运输。批评者认为，该银行可能已经从事分数储备惯例，贷款或租赁其物理持有的黄金，从而造成流动性短缺。这些延误，再加上诸如后勤限制之类的模糊理由，导致人们猜测银行正在争先恐后地重新征收黄金以履行义务。如果尚未解决，这种情况可能会破坏英格兰银行的信任，因为全球保管人，并破坏了对更广泛的金融体系的信心。

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，黄金的价格一直在过山车上，在2月的历史最高售价为每盎司2,956.22美元，这是在强劲的需求驱动下，作为对冲，地缘政治紧张局势和中央银行积累的对冲。在2024年上涨了25％以上后，今年黄金已经上涨了10.35％，预计到2025年中期，黄金预计将超过每盎司3,000美元，一些预测表明，今年晚些时候可能会达到3,200- $ 3,300。分析师将这种看涨趋势归因于利率下降，ETF流入增加以及全球经济不确定性，这加强了黄金的安全吸引力。

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

除了纯粹的娱乐价值之外，还有一个更深层的问题：无论他们在诺克斯堡发现什么，有人会在乎吗？

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据报道，这是特朗普政府裁员所在的地方 - 社会安全管理局，FEMA，IRS等

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

最高法院在美国国际开发署案中支持特朗普：这是特朗普在法庭上获胜和失败的地方

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特朗普将冻结在联邦信用卡上按照最新的行政命令

What Happened in 1971?

1971年发生了什么？

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.

许多人可能会出于对美元实际运作方式的无知，但这种关注将得到体现。许多美国人仍然认为他们的美元直接与黄金有关。不久前，我与一位从字面上是一名火箭科学家的朋友进行了交谈，并感到困惑地得知自1971年以来美元就无法赎回黄金。

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，尼克松总统“暂时”暂停了黄金兑换性，实际上消除了布雷顿伍兹系统。这一刻被称为尼克松冲击，从金色的货币秩序到我们今天使用的自由浮动法定货币，使世界枢纽。半个多世纪后，我们可以回顾一下，并注意到这种脱钩和对美国生活的根本变化之间的几十个迷人的相关性。即便如此，人们还是不会忘记或从不了解自己的绿色对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，联邦政府仍然拥有约8,133吨的黄金，这是世界上最大的国有ho积。这提出了一个问题：为什么？

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.

一个答案是历史惯性。美国在20世纪的总统（从1933年没收了私人黄金）到艾森豪威尔（Eisenhower）的二十世纪建立了黄金，在艾森豪威尔（Eisenhower）下，持有量飙升至约20,000公吨。后来总统会看到主要的流出或销售。尽管如此，书籍仍然存在数千吨。联邦政府持有的黄金足够多，如果明天消失，全球市场将遭受震惊，与我们在现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，美国的黄金仍扮演多种战略角色。全球中央银行仍然将黄金视为最终的备用计划，对于美国而言，金条的数量可能会带来心理缓冲。在极端经济压力的时期，黄金储备可用于稳定货币或提供抵押品。实际上，从来没有一开始没有固定过黄金的法定货币。即使美元不再可以兑换为黄金，但如果过去的黄金不可重新报道，今天它将不存在。

It’s been decades since

自从几十年以来