The Tucker Carlson Show
Luke Gromen: Why the CIA Doesn’t Want You Owning Gold, & Is Fort Knox Lying About Our Gold Reserve?
Mon, 24 Feb 2025
More gold is being shipped quietly between countries right now than at any time in history. Why? Because we’re getting a new global financial system. Luke Gromen explains. (00:00) Gold Is Still Critical to Our Economy (08:17) The Government’s Secrecy Around Gold Ownership (13:17) Why Can’t Fort Knox Be Audited? (21:47) The Intel Community’s Propaganda Around Gold Owners (28:41) Is Warren Buffet a Political Pawn for the Banks? (34:00) The Biggest Global Players in the Gold Industry Paid partnerships with: ExpressVPN: Get 4 extra months free at https://ExpressVPN.com/Tucker iTrust Capital: Get $100 funding bonus at https://www.iTrustCapital.com/Tucker PureTalk: Get an iPhone 14 or Samsung Galaxy for $0 https://PureTalk.com/Tucker Learn more about your ad choices. Visit megaphone.fm/adchoices
Why is gold still important in today's economy?
So it's amazing to me to watch a bunch of countries spending so much effort, money on gold at a moment where technology just dominates the conversation and crypto and AI are the future. And gold is the oldest and most primitive medium of exchange. I mean, cultures have been using gold around the world, every culture around the world for at least 6,000 years.
as a store of value, and they still are. Why? Because it's worked.
It is when things get spicy, gold has a 6,000-year track record. And I think store of value, your point store of value is really critical, right? Because currency has medium exchange, unit of account, store of value. Those are the three functions of money. And we have moved on from gold as a unit of account. Our bank accounts aren't denominated in gold. We moved on from gold.
I'm not walking around with gold coins in my pocket. Unfortunately. Yeah. but it has always retained that store of value component of money and critically at the highest levels of finance.
The global central banks who are running our currency and monetary system, as much as we have moved away from gold and those other functions, as much as we've moved to fiat currency, as much as technology has developed, as much as our economies have developed, they have always continued to hold their gold. And in the last decade,
10, 11 years, I think one of the big origin stories of macroeconomics as they have developed over the past 10 years has been the fact that global central banks on net have In 2014, stopped growing their holdings of treasury bonds. So global central banks have not bought a treasury bond on net. In fact, they've sold about $300 billion worth. U.S. Treasury. U.S. Treasury since 2014.
They're called FX Reserves, which is basically their piggy bank. And they've bought about $600 billion worth of gold.
That doesn't make any sense at all. in an era of biotech and nanotechnology and AI and everything is abstract and digital. Everything is technology. Why would gold, which doesn't have great inherent value, what is gold actually worth? You can't eat it. You can't eat your house with it. Why the stranglehold on human beings from gold?
And why did it emerge in these separate cultures, as we know from the archaeological record, on separate continents, had no contact with each other, at roughly the same time they all decided that gold was the most valuable thing? What is that? There is a mystery at the heart of gold, no?
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