Posted on 02/28/2025 9:08:58 AM PST by Diana in Wisconsin
Following Elon Musk’s announcement last week that he wants to personally audit the United States’ gold reserves at Fort Knox on behalf of the Department of Government Efficiency (DOGE), President Trump now says that he intends to come along.
Trump announced on Saturday during his appearance at the Conservative Political Action Conference (CPAC) that he would be going with Musk. “Would anybody like to join us?” he asked the audience. “Because we want to see if the gold is still there.”
“We’re going to take a look and if there’s 27 tons of gold, we’ll be very happy,” Trump told the audience. “I don’t know how the [expletive] we’re going to measure it, but that’s okay. We want to see lots of nice, beautiful, shiny gold in Fort Knox.”
“Wouldn’t that be terrible if we opened it up and there was no gold there?” Trump continued. “So we’re going to open those doors.”
As Musk had done previously, the president also suggested that the gold may actually be missing, saying “Don’t be totally surprised [if] we opened the door, we say, ‘There’s nothing here, they stole this too!’”
Treasury Secretary Scott Bessent said last week that there is an audit every year and that “all the gold is present and accounted for.”
Neither Trump nor Musk have provided a timeline for when they would visit the gold reserve.
On Feb. 17, Musk announced his intention to conduct an in-person audit of the United States’ gold reserves at Fort Knox through a pair of posts on his X platform, implying that he doubts whether the $425 billion in bullion is really there.
Republican Senator Rand Paul of Kentucky, the state where Fort Knox is located, said in an interview with Fox News on Feb. 17 that he invited Musk to review the gold reserve after failing to gain access to the facility for a decade.
"I think some of them may not think it needs to be audited all the time, but I think the more sunlight, the better, more transparency, the better,” Paul said.
The Senator also insisted that even though the U.S. dollar hasn’t been explicitly backed by gold for over 50 years, the precious metal still provides some of the value undergirding the greenback.
“It brings attention to the fact that gold still has value and implicitly, not explicitly, but implicitly, gold still gives value to the dollar,” Paul said. “That's why we don't get rid of it. We've got it. The IMF has it, the World Bank has it. Most of the central banks… around the world have gold, and it's an implicit trust that the dollar still has some backing.”
With over 8,100 tonnes as of the end of 2024, according to the World Gold Council, the United States has far and away the world's largest gold reserve. The lion’s share of the nation’s bullion is stored at the 108,955-acre Fort Knox complex, with the balance kept in the Federal Reserve Bank of New York.
Musk has not announced when he intends to visit Fort Knox or what methods he would use to verify the quantity and authenticity of the bullion. However, in response to an earlier post from Senator Mike Lee (R-Utah), Musk seemed to suggest that a live video walkthrough of the top-secret facility may be part of the plan.
More at link...
There’s nothing like a DOGE audit of Ft. Knox to help usher in the new Golden Age!
I’m not sure if I’m correct here, it seems that Trump knows quite a bit more about this than I do.
But if we are missing gold, isn’t that a really really really bad thing? Like, war?
We take loans out based on assets.
And shouldn’t someone be auditing the federal reserve gold?
Hey look, a B-52 bomber filled with gold just landed upon hearing the news.
I don’t care about whether the gold is there as much as I do about who owns it. I’m betting it was collateralized decades ago.
Treasury Secretary Scott Bessent said last week that there is an audit every year and that “all the gold is present and accounted for.”
If there’s no gold there, I would imagine the consequences to our markets etc would be catastrophic, but I’m not an expert on these things. Someone else here could enlighten us.
Laugh of the DAY!!!! LOLOLOLOLOLOL...
“Treasury Secretary Scott Bessent said last week that there is an audit every year and that ‘all the gold is present and accounted for.’”
How does he know? Has he been there and seen it, or is he relying on documents he’s seen? He’s only been there for a few weeks.
That’s hilarious.
That’s funny. Five years ago that would’ve been toilet paper.
*tag along*.
He’s the supervisor overseeing it!
I hate the MSM.
Yeah, sure, because I trust the democrats so much on this that I can just take their word for it.
Google, “going to the gemba.” It’s a Lean Management & auditing principle.
That is almost an even trade.
Al Capone’s vault.
Lol at your South Park pic.
Can’t wait to see Trump strolling through the vault.
Wouldn’t you like to tag along? I would, if for any reason to verify the Goldfinger movie set.
My biggest LOL of the year.
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