A member of the 3rd U.S. Infantry Regiment places flags at the headstones of service members buried at Arlington National Cemetery, ahead of Memorial Day, Thursday, May 22, 2025, in Arlington, Va. (AP Photo/Julia Demaree Nikhinson)
, at about 93% and 69.4%, respectively.CLAIM: “The value of untapped coal in our country is 100 times greater than the value of all the gold at Fort Knox.”
THE FACTS: Although the U.S. does have an abundance of coal, its estimated value is not nearly as high as Trump claims.There are currently about 147.3 million troy ounces of gold stored at Fort Knox with a book value of approximately $6.2 billion,. Gold closed on the open market Tuesday,
$2,990.20 per troy ounce, making its market value much higher, at about $440.6 billion. A troy ounce, a weight measurement for precious metals, is approximately 31.1 grams.There were about 469.1 billion short tons of coal in U.S. reserves as of Jan. 1, 2024,
, though only about 53% of that was available for mining. EIA estimates its value at approximately $598.3 billion. That’s more than all of the gold at Fort Knox, but far short of 100 times that amount. A short ton, also known as a U.S. ton, is equivalent to 2,000 pounds.
TRUMP: “They’re opening up coal, coal plants all over Germany.”A fisherman kicks up spray while shaking out a net on the Quinault River, Tuesday, May 14, 2024, in Taholah, Wash. (AP Photo/Lindsey Wasson)
A fisherman kicks up spray while shaking out a net on the Quinault River, Tuesday, May 14, 2024, in Taholah, Wash. (AP Photo/Lindsey Wasson)The Quinault, historically known as skilled fishers and hunters who traveled the water for trading, ceded millions of acres to the U.S. government more than 150 years ago in exchange for a roughly 200,000-acre reservation on the coast. The tribe was promised peace and a permanent home,
But now a key section is threatened.Taholah is close to the ocean and rests on estuary soils and fill that are infiltrated more easily by saltwater. With tidal ranges that average 9 feet, the sea level rise that is expected to accelerate in coming years will have significant impact, said John Callahan, climate scientist for NOAA.