Fort Knox in Kentucky.
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...
All that gold is the American People’s as they were robbed by FDR in plain sight.
Yup. And three generations don’t have any clue about that.
People had doubts about the gold being gone in 1968. If it is still there they need to make sure it is not gold painted lead or tungsten.
There is a joke going round that gold spray paint and bricks are hot sellers in that area right now.
Fort Knox in Kentucky.
Okay...that helps and I believe it.
Have Whorealdo go too. It may be appropriate.
So you think no one knows?? Of course there are people that know. Fort Knox is not exactly a secret.
They will gladly let you spot check the bars they point out.
do not trust them.
TEST EVERY BAR
If the gold is not there it will be an economic calamity like we have never witnessed before.
And if it’s bad for us, it’s a worldwide disaster.
Buckle up.
Good question. This may be more of a dog and pony show than anything serious. To really know anything about it, you'd have to weigh it and you'd have to test that it's really gold and not lead painted a shiny gold color.
And if a shortage was found, what would that do to the global financial markets? That's beyond my knowledge.
Sometimes a doorstop is just a doorstop. :-(
What makes you think that Scott Bessent is a Democrat?
He’s always been a Democrat...not sure if he officially switched or not.
My question is why security is so tight?
Another question is why the secrecy?
If I was suspicious person I would say the gold has already been sold off and all they will find is an IOU from the treasury.
Something isn't right about these estimates.
Just running the numbers on the valuation of that much gold at $2,862 per ounce gives that amount of tonnage a value of $740 trillion, vastly exceeding even the national debt. If we owned that much gold we wouldn't owe anyone anything.
I’ve always wondered how they would get the gold out of Knox without everyone being in on it?
Back in the day @ guardmount, each squad leader report “all present OR accounted for
I calculate 742 Billion dollars not Trillion. 8000 tons x 2000 lbs per ton x 16 ounces per lb x 2862 dollars per ounce. Am I wrong in this calculation?
yes it may be gone... but if it is not, i would love, and pay to go on a tour to see the warehouse full of gold... buy some gold chocolate bars in the gift shop... get a tshirt that says i visited Ft Knox and all i got was a lousy tshirt...
could be yuge.
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