One of the collateral advantages and good things brought forth by crypto is people's understanding of FIAT money.

Before Bitcoin, most people would naturally accept that FIAT money was backed by gold.

But now the notion that that is actually not the case at all, and it hasn't been for about 50 years, is becoming common knowledge.

Interestingly, Donald Trump has now said he wants to conduct audit for the gold reserve inside Fort Knox.

There are two things I want to say.

First, I find it very unlikely that this'll happen.

They almost certainly won't let him do it, partly, I suspect, because it's an open secret that the amount of gold in there and the amount of gold THEY SAY is in there are probably two different things.

Which leads me to the second thing I want to say, even if they conducted the audit, they would somehow 'lie' about the result.

But it's an interesting idea.

Reminder, the US is technically holding gold that technically belongs to other countries.

So imagine you're country XY, and you have a receipt for XY tons of gold inside Fort Knox and, as it turns out, it's not there.

Now, that'd be fun.