Commentary on Fort Knox and the Dollar Collapse

David Schwartz, Ripple CTO, joined the conversation under Robert Kiyosaki’s recent tweet regarding a hypothetical situation involving Fort Knox.

Kiyosaki’s Speculation

In his tweet, Kiyosaki speculated that if gold were missing from Fort Knox, the US economy would collapse, leading to a crash in the dollar. He reminded his followers of his investments in Bitcoin, physical gold, and silver, asserting, “The US dollar will be toilet paper.”

Schwartz’s Perspective

Schwartz countered Kiyosaki’s views, suggesting that most US citizens might not care about gold in Fort Knox. He emphasized that while the price of gold may rise, he finds the notion of a dollar collapse implausible.

> “The dollar will work precisely the same both before and after this… I’m not convinced the demand will change even though it ‘should’.” — David Schwartz

Schwartz believes that the conditions surrounding the dollar’s value remain stable, regardless of any potential changes in Fort Knox’s gold supply.