- Kiyosaki warns missing gold could lead to a dollar collapse and global chaos.
- Ripple’s David Schwartz downplays fears, citing supply-demand over gold reserves.
- Public demands more transparency as skepticism grows over Fort Knox gold reserves.
Concerns over the U.S. economy have resurfaced after financial author Robert Kiyosaki questioned the status of gold reserves at Fort Knox. He speculated on social media about the potential impact if the nation’s gold were missing, warning of economic collapse, a dollar crash, and widespread financial turmoil. His remarks have sparked a debate, with Ripple CTO David Schwartz dismissing the likelihood of immediate consequences.
Kiyosaki’s Concerns Over Missing Gold
Kiyosaki, known for his book Rich Dad Poor Dad, suggested that if Fort Knox gold reserves were missing, the consequences could be catastrophic. He argued that the dollar, backed by trust and faith, would lose its credibility if the U.S. could not account for its gold. Moreover, he emphasized that such an event would trigger global chaos, wipe out businesses, and increase inflation.
WHAT IF?
— Robert Kiyosaki (@theRealKiyosaki) February 23, 2025
What if Trump finds gold in Ft. Knox is missing?
I doubt gold is missing. I want to believe gold is there.
BUT WHAT IF gold is missing?
The US economy would collapse. The dollar would crash. The world would be in chaos. And INFLATION would would wipe out millions…
To mitigate risks, he reaffirmed his preference for alternative assets such as gold, silver, and Bitcoin. He also suggested that individuals should consider personal security measures amid economic instability. His long-standing skepticism of fiat currency has led him to advocate for hard assets as protection against financial uncertainty.
Ripple CTO Challenges Collapse Fears
In response to Kiyosaki’s concerns, Ripple CTO David Schwartz downplayed the potential fallout. He questioned whether missing gold would have any real impact on the financial system.
He argued that the dollar’s stability relies more on supply and demand rather than gold reserves. According to Schwartz, even if gold were missing, the dollar would function the same way, as its value is based on trust in the system.
Isn't there a significant possibility that people might just decide that it doesn't really matter all that much whether the gold is there or not? The price of gold would likely go up, but other than that, there really might not be much impact.
— David "JoelKatz" Schwartz (@JoelKatz) February 23, 2025
Additionally, Schwartz pointed out that while gold prices might rise, the broader economy may not experience the drastic consequences Kiyosaki predicted. He emphasized that people might not react as expected, given that the U.S. dollar has functioned without a gold standard for decades.
Transparency Concerns and Growing Speculation
Public skepticism surrounding Fort Knox has persisted due to the secrecy around its gold reserves. Calls for transparency have intensified, with growing demands for verification of the nation’s holdings.
Recently, former President Donald Trump suggested visiting Fort Knox alongside Elon Musk to inspect the reserves. Musk himself has questioned the security of U.S. gold holdings, adding fuel to ongoing speculation.
