Fort Knox holds 'nothing but moths and half-eaten IOUs,' according to a floor broker with ties to major bullion banks. This claim is supported by the fact that central banks only hold IOUs issued by bullion banks, and if they attempt to reclaim their gold, it is likely already sold to buyers in China or India. The amount of investable gold available has decreased over the years due to the borrowing and selling of gold by bullion banks. Trust in the US has eroded, leading to countries wanting their gold back and using it to secure their own wealth and back their local trade. The West cannot allow gold to rally to its true price overnight as it could potentially collapse the Treasury market and the world's banking system.