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David Schwartz, Ripple CTO, has joined the comments thread under the recent tweet by the investor and author of the “Rich Dad Poor Dad” book, Robert Kiyosaki.
In his recent tweet, the financial guru spoke about the hypothetical situation that gold might be gone from Fort Knox and how this may crash the U.S. dollar entirely.
Fort Knox, Bitcoin, silver and dollar: Kiyosaki
On Sunday, Robert Kiyosaki published a tweet to comment on Elon Musk’s recent call that Fort Knox, where the strategic gold supply of the U.S. is stored, should be audited.
Musk issued his message quoting a tweet by Senator Mike Lee, who complained that every time he wanted to visit Fort Knox, he was rejected on the basis that it is a "2a military installation."
Musk asked perhaps jestingly whether the gold was still there. The executive chairman of Strategy, Michael Saylor, then responded in the traditional manner of all Bitcoiners: “Bitcoin fixes it.”
Now, Kiyosaki began to speculate “what if” Fort Knox is empty of gold. What would happen then, he asks, and gives his followers an answer: “The US economy would collapse. The dollar would crash. The world would be in chaos.”
He also said straight away that he does not believe the gold is not there, but still, he modeled this situation to dwell on its potential consequences.
Kiyosaki reminded the community that in case the gold is missing, he owns Bitcoin, physical gold and silver, which may come in useful since “the US dollar will be toilet paper.” The financial expert also doubled down on his earlier prediction, saying that “silver will be king.” Silver coins can be used instead of cash, he tweeted once in 2024.
Alex DovbnyaRipple CTO doubts this outcome
David Schwartz responded by saying that it is likely that U.S. citizens would not care too much if the gold is there at Fort Knox or not. The only possible outcome seen by Ripple CTO in this situation is that “the price of gold would likely go up.”
In another comment, he admitted that a dollar collapse is theoretically possible in this case, but he believes it to be implausible.
“The dollar will work precisely the same both before and after this, the supply will be the same,” Schwartz pointed out.
Vladislav Sopov
Dan Burgin