Some takeaways from Trump’s travels:
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.”
THE FACTS: That’s not accurate. According to Germany’s economy ministry, 18 coal-fired power plants were shut down in 2024. “No new coal-fired power plants will be built,” a spokesman for the ministry said Wednesday in response to a question about Trump’s claims. The spokesperson noted the country plans to phase out coal-fired power generation by 2038 at the latest.Attorney General Pam Bondi, center, walks to her car as law enforcement work the scene after two staff members of the Israeli Embassy in Washington were shot and killed outside the Capital Jewish Museum, Thursay, May 22, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)
Attorney General Pam Bondi, center, walks to her car as law enforcement work the scene after two staff members of the Israeli Embassy in Washington were shot and killed outside the Capital Jewish Museum, Thursay, May 22, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)The two victims were leaving an event at the Capital Jewish Museum when
and opened fire, Metropolitan Police Chief Pamela Smith said at a news conference.Law enforcement work the scene after two staff members of the Israeli Embassy in Washington were shot and killed outside the Capital Jewish Museum, Thursday, May 22, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)