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Fort Knox

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world1 month ago•5 min saved

Kentucky-Based Soldiers Among Six Killed in Kuwait Attack

Six U.S. service members stationed at Fort Knox, Kentucky, were killed when Iran struck a civilian port in Kuwait; CENTCOM will release the victims’ identities 24 hours after family notification. The soldiers belonged to the 1st Theater Sustainment Command, which handles ports and logistics across more than a dozen countries. These are the first U.S. fatalities in the current conflict tied to Operation Epic Fury, drawing condolences from Kentucky leaders and others.

via Lexington Herald Leader|

#epic-fury #fort-knox #iran

finance6 months ago•2 min saved

US Gold Reserves Surpass $1 Trillion Amid Record Rally

The US Treasury's gold reserves have surpassed $1 trillion in value due to record-high gold prices, driven by global economic uncertainties and investor demand, although the official accounting value remains much lower. The potential revaluation of reserves could significantly boost the Treasury's funds, but such a move would have broad financial implications. Most gold is stored at Fort Knox, with some conspiracy theories questioning its presence there.

via Bloomberg.com|

#finance #fort-knox #gold-price

economy8 months ago•3 min saved

Treasury Considers Gold Revaluation to Address Debt and Bitcoin Reserves

The U.S. holds $11 billion worth of gold at Fort Knox, but at current market prices, its value could be over $750 billion. A recent Federal Reserve report suggests revaluing gold reserves as a potential way to raise funds, which could be used to pay down debt or fund new initiatives like a bitcoin reserve. While politically sensitive and historically controversial, this idea is gaining renewed attention as a possible financial strategy.

via Forbes|

#economy #federal-reserve #fort-knox