“The gold might be there—but who owns it? That’s the real question,” asks Jp Cortez of the Sound Money Defense League. In today’s interview with Daniela Cambone, Cortez calls for a comprehensive audit of U.S. gold holdings, highlighting the recent reintroduction of the Gold Reserve Transparency Act of 2025 by Rep. Thomas Massie. “An ounce of gold can change hands a thousand times without moving a single inch,” Cortez explains.
With Florida recently eliminating its sales tax on gold and silver, and more than 40 other U.S. states partially or fully exempting sales tax on these metals, Cortez views this growing trend of tax exemption as a reaffirmation of “the constitutional role of gold and silver as real, tangible money in our modern economy.”
Watch the interview to learn more about these recent trends and their impact on gold and silver investing.
✅ FREE RESOURCES
Download the Ultimate Decision-Making Guide on Gold & Silver plus Daniela Cambone’s Top 10 Lessons to safeguard your wealth (FREE) 👉
📞 SCHEDULE YOUR FREE STRATEGY CALL
Talk to a senior analyst today and discover how to protect your future with physical gold and silver. 👉 or call 866-706-9061
📖 CHAPTERS:
Chapters:
00:00 Why the gold reserve transparency act matters?
5:54 Jp’s take on whether the gold is really there.
7:07 Why gold isn’t liquid?
8:45 How the bill could restore confidence?
9:48 Challenges the bill might face.
11:41 What’s next for Florida?
15:40 Fed: Rising interest in sound money may challenge policy.
👋 STAY IN TOUCH WITH ITM & DANIELA
🟩 Schedule a Strategy Session: 866-706-9061
🟩 Email us at services@itmtrading.com
🟩 Official Homepage
🟩 Listen On The Go:
🟩 ITM’s Twitter:
🟩Daniela’s Twitter:
🟩Daniela’s Newsletter:
🌎 ABOUT ITM TRADING:
For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.
#thefed #gold #money #cambone #fortknox #economy
ITM Trading Inc. © Copyright, 1995 – 2025 All Rights Reserved.
source
23 Comments
Texas #1 in now making a way for gold plus silver used as trade of normal life. Thanks to Danni. Thanks
Why would vault gold need to be liquid?
Even if we reevaluate and take money out of the treasure using certificates, the certificates are not back by gold. The gold will remain in our vault who cares what form it is in or if it is liquid this makes no sense unless you’re trying to sell it off, which we are not As that goes against the whole point of having a gold reserve
The USA Fort Knox American gold will pay for the $36T debt. If it will make (the Americans) debt free, let us use this gold to pay for our debt and start all over. We can work smart/hard and start making money..
Did he say anything valuable??
😂😂😂 its more interesting in the comments 😅
Timing is impeccable. The US needs a gold standard and its the ONLY way to prevent a default. They are on the brink. Gold must be over $10k within months or its a major global depression.
Were was all these people 10, 20, and 30 years old, they are now all coming out of the woodwork. Why all of a sudden they all come out and now are experts.
The bill will die in committee for the same reason that Ft Knox has not been audited: America's owners (i.e., oligarchs) will not be audited. They bought the government fair and square. Are you not aware of the Princeton study? Our government for at least three decades has not passed any legislation desired by a popular majority unless the wealthiest 1% of voters also desire it. This is not a democracy. #NotRocketScience
The Federal Reserve is NOT "The Clutches" of The United States. The Federal Reserve is a Private club of Member Bankers, and is neither Federal, Nor a Reserve, or Bank.
They don’t want to jeopardize their fiat credit card on the backs of Americans. They might have to stop waging empire wars
We also need to audit the Pentagon. Luckily the money they can’t find was fiat, unfortunately the U.S. debt includes dollars the Pentagon can’t account for. I really want to know who stole what and for what purpose.
It will never happen in Florida just like canceling property dude just love making headlines never executes on anything
🙌
JP is spot on.
Daniela, please press or follow up on capital gains taxes with future interviews. Dropping a 6% or 7% percent sales tax is a drop in the bucket when compared to a 28% capital gains tax if precious metals are spent locally. The IRS looks at gold as a “collectible” for individuals but as assets for banks.
More discussion needed on platinum
We must always hope that the truth of sound money will be exposed to the general public who are being used for the gain of the banksters and dirty politicians. We need to soundly support those like Massie and Rand Paul with a great resolve. God bless Ron Paul for starting the education of this fraud four decades ago
Looking forward to a full audit of US Gold. I wonder if they will look at all the Gold. In 1938, China sent many tons of Gold to the United States to protect against it being stolen by the Japanese (who were plundering China). In response, the United States issued Federal Reserve bonds and handed them to China as collateral. In 1998, the bonds were due and China wanted their gold back. The Federal Reserve fought them in court and lost. The Federal Reserve was ordered to pay out the debt as of September 11, 2001. They did not. We all know what did happen that day. Learn more at FINANCIAL TYRANNY Defeating the Greatest Cover Up of All Time by Wilcock.
The gold has been leased out so many times that for all intense purposes, they no longer have possession of the gold. Leasing out gold is an accounting financial trick to generate fiat currency.
One site gave me this breakdown
147.4 million oz. Ft Knox
51.9 million oz. Denver Mint
54.1 million oz, NY Assay Office
10.6 million oz. SF Assay Office
Another site gave me this breakdown
147.3 million oz. Ft Knox
43.8 million oz. Denver Mint
13.3 million oz Federal Reserve NY
Gold audit will be like the Epstein files…..too many people involved and will probably never show until all those involved are dead and gone?????????????
Metals price suppressed – so the central banks can acquire tons – before the bubble goes pop
Never gonna happen
❤