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New York Times
6 days ago
- General
- New York Times
Corrections: May 30, 2025
A picture caption with an article on Wednesday about President Trump's interest in the gold reserves at Fort Knox misidentified the position that Ron Paul held in Congress. As the article correctly stated, he was a member of the U.S. House of Representatives, not the Senate. (His son Rand Paul serves in the Senate.) An article on Thursday about a new statue of the former Soviet dictator Joseph Stalin in a Moscow metro station and how it reflects Russia's efforts to rehabilitate his memory misidentified the Russian court that shut down a human rights group, Memorial, in 2021. It was Russia's Supreme Court, not the Moscow City Court. An article on Sunday about the guest list to President Trump's private dinner for customers of his cryptocurrency business misidentified one of the guests at the dinner. Joel Li, the chief executive of attended, not Joel Lee, a software engineer from Singapore. An obituary on Wednesday about Ronnie Dugger, the founding editor of The Texas Observer, misstated the year he graduated from Brackenridge High School in San Antonio. It was 1947, not 1946. A photograph with an obituary on Thursday about Bruce Logan, a special effects artist and cinematographer, was published in error. The image depicted the explosion of the Death Star II from 'Return of the Jedi,' not the explosion of the Death Star from 'Star Wars: Episode IV — A New Hope.' Errors are corrected during the press run whenever possible, so some errors noted here may not have appeared in all editions. To contact the newsroom regarding correction requests, please email nytnews@ To share feedback, please visit Comments on opinion articles may be emailed to letters@ For newspaper delivery questions: 1-800-NYTIMES (1-800-698-4637) or email customercare@
The Age
28-05-2025
- Business
- The Age
Trump wants to check on the gold at Fort Knox. His allies are cashing in on the fear
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Loading Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
Sydney Morning Herald
28-05-2025
- Business
- Sydney Morning Herald
As Donald Trump raises Fort Knox conspiracies, his allies are cashing in
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Loading Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. Loading By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
The Age
28-05-2025
- Business
- The Age
As Donald Trump raises Fort Knox conspiracies, his allies are cashing in
Trump's Fort Knox obsession has resurfaced one of the deeper cuts in the American conspiracy theory catalogue. One reason the government holds onto such large stores of gold is to confer a sense of financial stability, even though the country moved off the gold standard in the 20th century. According to the United States Mint, 147.3 million ounces of gold, about half of the government's stash, is held at Fort Knox. The Kentucky facility, known formally as the United States Bullion Depository at Fort Knox, almost never allows visitors and is kept under heavy lock and key – an inaccessibility that may explain much of the intrigue around it. One of the early proponents of the idea that gold was missing was a lawyer named Peter Beter, who earned a modicum of notoriety in the 1970s by spreading dark theories in a mail-order audio cassette series. Among other things, Beter believed that 'organic robotoids' controlled by Bolsheviks had infiltrated the federal government. By 1974, concerns about the gold reserves grew so intense that a congressional delegation and a few news outlets, including The New York Times, were invited to Fort Knox for a rare inspection. A reporter for the Times described the effect of seeing a vault 6 feet wide and 12 feet deep, stacked with 36,236 glistening gold bars, as 'awesome'. Another wave of concern crested in 2011, when then-Republican Ron Paul introduced a bill calling for an inventory of the reserves. At a subcommittee hearing, Paul said people had become worried that 'the gold had been secretly shipped out of Fort Knox and sold'. He added, 'And, still others believe that the bars at Fort Knox are actually gold-plated tungsten.' The inspector general of the Treasury at the time, Eric Thorson, told Paul that audits were performed yearly, with 'no exceptions of any consequence'. More recently, Trump's first-term Treasury secretary, Steve Mnuchin, had a chance to check on the gold in August 2017, with Senator Mitch McConnell, then the Senate majority leader, in tow. Photos were taken of the men among the gold bars. 'Glad gold is safe!' Mnuchin wrote on Twitter, now known as X. Loading Questions bubble up again The latest concerns appear to have taken off on February 14, when the website ZeroHedge, which occasionally promotes conspiracy theories, tagged Elon Musk in a post on X. The post asked him to make sure the gold at Fort Knox was there. 'Surely it's reviewed at least every year?' Musk replied. 'It should be. It isn't,' ZeroHedge responded. (Bessent would later say that the gold is still audited annually.) Senator Rand Paul, the son of Ron Paul, chimed in, calling for an audit. 'Let's do it.' Then came Glenn Beck, the conservative radio and TV host, who posted an open letter to Trump, asking if he could take a camera crew to Fort Knox to 'restore faith in our financial system'. He later dedicated a segment of his show to casting doubt on the confirmed audits. The chatter about the gold reserves was growing louder. Loading By February 20, Trump was telling a press gaggle on Air Force One that he planned to go to Fort Knox to 'make sure the gold is there'. Sales pitches follow Since then, the idea that the government's gold reserves may have gone missing has been integrated into the sales pitches of companies that trade in gold coins and gold investment accounts. The companies advertise heavily on Trump-friendly TV and internet shows. A number of 'gold IRA' companies have suggested that a future audit of Fort Knox could determine that gold is missing, setting off a crisis among Americans about the stability of the economy. Amid such chaos, the companies argue, privately held gold would be a lucrative safe haven for investors. One of the companies, Birch Gold Group, is endorsed by the president's eldest son and bills itself as 'Donald Trump Jr's gold company'. Loading A recent article on Birch Gold's website stated that the idea of an 'empty Fort Knox' had gone 'from conspiracy theory to mainstream concern'. A discovery that gold was missing from Fort Knox, the article stated, would be the 'quickest way down for the US dollar'. 'It is only those without physical gold exposure that feel the need to panic, perhaps with good reason, about the greenback's admittedly dismal prospects,' states the article, which includes an offer for a 'FREE gold IRA info kit'. The younger Trump lauded his father's plans to visit Fort Knox in a February 24 episode of his online talk show, on which he regularly makes pitches for Birch Gold. 'If it's empty,' he said, 'I would imagine there's hell to pay.' On another section of Birch Gold's website, a 'Message from Donald Trump Jr' raised the possibility that his father's administration could 'revalue America's gold reserves on the national balance sheet from their outdated book value of $42' – the price per ounce the government assigns for bookkeeping purposes – 'to current market prices'. This, he wrote, 'could cause a surge in gold prices', adding that 'the potential upside for gold investors is substantial'. A gold IRA, he added, would be a great way to benefit. He did not mention that Bessent had publicly stated that he had no plans to revalue the gold reserves. Above the message was a digitally altered photo of the president at a desk, showing off an important-looking signed document, a wall of gold bricks behind him.
Yahoo
18-05-2025
- Business
- Yahoo
Rich Dad Poor Dad author warns of ‘fake money'
Robert Kiyosaki warns Americans to abandon 'fake money,' echoing Ron Paul's call to end the Fed and urging a shift to gold, silver, and Bitcoin as a defense against socialism and financial Kiyosaki, author of Rich Dad Poor Dad, is sounding the alarm — again. This time, he's backing up former U.S. Congressman Ron Paul, the longtime critic of the Federal Reserve, and urging Americans to ditch what he calls 'fake money' for gold, silver, and Bitcoin. 'WORDS of WISDOM from former US Congressman Ron Paul,' Kiyosaki wrote on X. 'Author of 'End the Fed' and advocate for ending the Fed, all Central Banks, and getting back to a sound honest money system.' Bitcoin is up 9.6% over the past week, trading at $103,646 as of the latest data from Kraken. The leading cryptocurrency has also gained 1.1% in the past 24 hours, with a 24-hour trading volume of over $34.2 billion. 'A central bank setting interest rates is price fixing and a form of central planning.' Kiyosaki says that's not just bad economics — it's socialism in disguise. 'Price fixing is a tool of socialism and central planning is pure Marxism… and is designed to steal your wealth, destroy production, steal our freedoms, and open the doors for a socialist take over.' Kiyosaki didn't stop there. He issued a blunt warning about what he sees as a broken system run by dishonest leaders and institutions: 'Simply said fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life.' And his call to action? Crystal clear. 'My suggestion: Don't be a loser. Don't let left wing academic socialists win. Fight back. Save your freedom. Don't work or save fake money. Get on your own decentralized gold, silver, and Bitcoin standard.' Robert Kiyosaki has been a longtime supporter of Bitcoin, often calling it a safer alternative to what he describes as "fake money" created by central banks. He regularly groups Bitcoin with gold and silver, encouraging people to use it as a way to protect their wealth. Rich Dad Poor Dad is a book by Robert Kiyosaki that teaches the basics of money, investing, and financial independence. It's based on lessons Kiyosaki learned from two father figures: his own dad (the "Poor Dad") who followed the traditional path of working hard, getting a job, and saving money — and his best friend's dad (the "Rich Dad") who taught him how money really works through investing, business, and making money work for you. The book focuses on financial education and explains why schools don't teach people how to be rich. Kiyosaki shares simple lessons about assets vs. liabilities, building passive income, and thinking like an investor. The main idea is that working for money won't make you rich — owning assets and gaining financial knowledge will. Sign in to access your portfolio
