Our weekly Snippets column is a collection of short items: responses to posted articles, practical self-sufficiency items, how-tos, lessons learned, tips and tricks, and news items — both from readers and from SurvivalBlog’s editors. Note that we may select some long e-mails for posting as separate letters.
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St. Funogas sent this snippet to ponder:
“With all the recent hullabaloo about auditing Fort Knox, let me point out why it’s just one more irrelevant tempest in a teapot to decoy the US public from the more important numbers like the deficit, national debt, and the $1 trillion yearly interest on the debt.
The total reserve isn’t just at Fort Knox so the 147 million ounces you hear mentioned doesn’t include the gold at the Denver Mint and at West Point. The total US reserves is claimed to be 8,133 Troy long tons. Whether it’s all there or not, or whether it’s actually just a bunch of gold-plated Twinkies, it’s not really relevant when put into proper perspective. So let me put it into perspective.
Here’s what the entire US gold reserve will pay for in 2025 at $3,000/ounce if applied to only one of the following programs:
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- 16 weeks of Social Security and Medicare payments (Medicaid not included)
- 19 weeks of this year’s deficit spending
- 41 weeks of interest payments on the national debt
- 45 weeks of defense spending
How much would each ounce of gold in the US reserve have to be worth to pay for the following items:
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- 2025 Budget — $27,800 / ounce
- Social Security and Medicare (minus Medicaid) – $9,500 / ounce
- 2025 budget deficit – $8,400 / ounce
- Defense – $3,425 / ounce
How many tons of gold would it take (at $3,000/oz) to pay for the following items in the 2025 budget? Keep in mind, that it is estimated the grand total of all gold mined in history is just 215,000 tons.
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- 2025 Budget – 75,750 tons for one single year!
- Social Security/Medicare – 25,700 tons
- Budget Deficit – 22,800 tons
- Interest on Debt – 10,350 tons
- Defense – 9,300 tons
- Total National Debt – 379,430 tons
With these numbers putting everything into proper perspective, all of a sudden it is not especially relevant if the US really has those 8,133 tons, or whether it’s partially or totally 100% gold-plated tungsten or Twinkies. That much gold is pocket change when compared to the annual US budget or the national debt. One more ‘nothing burger’ to keep us distracted from the important things.”
o o o
Coming Soon: The European Digital Identity Wallet. (A hat tip to H.L. for the link.)


