00:38:28.880And didn't sort of achieve great things.
00:38:31.760So, anyway, it was back in 2022, so a few years ago, when they first discovered his tomb.
00:38:38.320And it's not even in the Valley of the Kings. It's a few miles away, like three miles away from the Valley of the Kings.
00:38:43.600And there had been some sort of natural flooding and natural backfill.
00:38:48.880Uh, but it had been either plundered by tomb robbers or just deliberately emptied and moved somewhere else in antiquity.
00:38:55.920So, the parallels with Tutankhamun don't really hold because the headline about Tutankhamun is it had been unplundered when Howard Carter broke into it in 1922.
00:39:06.800Famously, he looked through and saw the shining gold, and it was filled with golden artifacts and things. This wasn't.
00:39:19.440Either robbed or they think now that possibly they'd made this tomb, they'd realized for whatever reason that it wasn't going to work or it was going to keep getting flooded naturally.
00:39:30.160So, they sort of abandoned it, made him another, another chambered tomb complex and moved everything there.
00:39:39.040Uh, because actually some of the links I was going to talk about much later were that in this, this got in the news about a week ago.
00:39:44.960But in the last day or so, they're saying they found another portion to it.
00:56:35.680Yeah, so to be fair, if there was, say, a big solo event and we all got wiped out and the cockroaches formed a society like a million years later, the only things left would be things that you made out of stone.
00:56:49.800So you might have a little bit of Mount Rushmore left and maybe the pyramids would still be a bit left.
00:56:53.800If you want to build something at the last, do it in stone and do it at scale.
00:56:57.600See, if I was a billionaire, I'd 100% be commissioning something massive out of stone.
00:57:02.260And do it somewhere in the world where it's not going to fall down through earthquakes or get subsumed by the sea or anything like that.
00:57:10.000No earthquakes, not humid, just dry and stable.
00:57:53.800But there are so many things to mention about Egypt I'd like to see.
00:57:56.140There's a very small stone circle at Napta Playa, which Graham Hancock talks about, which is not that impressive compared to some of the grand building projects.
00:58:06.940But it's really, it's older than the Old Kingdom.
01:16:01.240It's a real question that needs answering one way out of it.
01:16:03.420This is a great time to be in political commentary because basically America's had this massive regime shift and they don't believe anything that went before them.
01:20:22.240Because basically, the story is, is that ever since World War II, America has been going around invading places.
01:20:29.100And if you ever read accounts of the troops who actually did it, it's very obvious.
01:20:33.520The first thing they do when they get into a country is not rush to the central bank and secure the paper money.
01:20:38.780It's they rush to the gold and they secure the gold.
01:20:41.620And if they've got oil, they secure that.
01:20:43.220That's like every time you read accounts of what troops did, it's they hit the ground, beeline for the oil, the actual oil and the actual gold and secure them.
01:20:52.400And then everything else follows after that.
01:21:27.560Yeah, well, if that's just simply not true.
01:21:28.940What if ever since World War II, America has just been invading places, stealing their gold and then sticking it in Fort Knox.
01:21:36.420So the other possibility is, is that actually they've got far too much.
01:21:39.360And that's the other reason why they don't want to get ordered.
01:21:42.800Well, it seems like some of the massive gold holders in the world, like JP Morgan and HSBC, they're shipping over at the moment, shipping over tons of gold from London to New York and then maybe onto Kentucky.
01:22:37.880Deliberately saying they've got less than they have.
01:22:39.440They might have 20,000, was it 20 tons or 20,000 tons, whatever it is.
01:22:43.520But yeah, they might have, because they're supposed to have like 3,000 tons and they might have 20 because they're basically, if you look at Hong Kong, which is a major gold exchange, massive flows have been going through that for years and it's all going into China.
01:22:58.860In fact, another thing a gold fund manager told me, and this was 20 years ago, is that gold, China is actually one of the world's largest producers of gold.
01:23:07.180And you think of it being South Africa and Canada and Australia, but no, actually China is one of the biggest producers of gold.
01:23:13.840Every single ounce that is mined, the government buys at full market rate and puts it in a vault somewhere.
01:23:20.620So if you work all of that backwards, it's possible they've got 20,000 tons, which means they've got far more than the US.
01:23:29.120Because what happens if one day there's another 2008 financial crisis where the dollar is really teetering on the edge and people are like,
01:23:36.500yeah, I don't like this dollar business.
01:23:38.700And then China suddenly announces, yeah, we've got 20,000 tons of gold.
01:23:42.760And from now on, the yuan is going to be backed 15% by gold.
01:23:47.480That could be enough to tip the dollar over the edge and for China to basically take over as world hegemon at that point.
01:23:56.400In other words, it's politically a sticky wicket for the United States if they've got significantly less or more than what they say to them.
01:24:03.740Either they're much weaker than they were or they're much more corrupt than they said they were.
01:24:09.460It's still way worse if they've got none or hardly any.
01:24:39.680So that's why it's odd it hasn't been done for 50 years plus.
01:24:42.280The other question, just to ask, is does it matter?
01:24:47.360Because I retweeted Elon about when he said, and it's gone, about the footlock.
01:24:52.100And some people said, it's a reasonable thing to say.
01:24:54.760I'm not saying, I think they're wrong, but it's not unreasonable to say it doesn't even matter because they haven't been on the gold standard since 1971.
01:25:02.460And the dollar or American power is backed up by aircraft carriers and the U.S. Air Force.
01:25:26.000But that doesn't mean that the U.S. economy, the house of cards is the U.S. economy, wouldn't still collapse.
01:25:34.380That all confidence and trust in that system wouldn't collapse if Fort Knox was found to be.
01:25:40.740Imagine if there was some huge cyber attack or a big Carrington event or something like that.
01:25:46.540And, you know, the modern computer system went out for a couple of years.
01:25:51.380The whole dollar system would collapse because the dollar is basically just a ledger of this bank owes that bank and that bank owes that bank.
01:25:58.340And it's basically just a big ledger of who owes who.
01:26:00.620So the lights go out for a couple of years.
01:26:15.120And, you know, being an investor, whereas I worked in asset management and commodities trading, just the power of confidence that this house of cards is.
01:26:26.040There's something real at the base level.
01:26:29.660Well, all value, the value of everything and anything is to do with confidence.