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Posted on 06/06/2025 2:46:31 PM PDT by delta7
Members of Congress Introduce Comprehensive U.S. Gold Audit Legislation
By Jp Cortez Sound Money Defense League Friday, June 6, 2025
WASHINGTON -- As U.S. debt soars and foreign central banks stockpile gold, four members of Congress today introduced a bill to require the first comprehensive audit of America's gold reserves in decades.
Sponsored by Reps. Thomas Massie (R-KY), Troy Nehls (R-TX), Addison McDowell (R-NC), and Warren Davidson (R-OH), the Gold Reserve Transparency Act (H.R. 3795) would require a full assay, inventory, and audit of all United States gold holdings.
Importantly, H.R. 3795 will also require full disclosure of all transactions involving America's gold, including any purchases, sales, loans, pledges, leases, swaps, and other encumbrances, dating back 50 years. Such activities have not been publicly disclosed.
"Americans deserve transparency and accountability from the institutions that underpin our currency," said Rep. Thomas Massie.
"It's been literally decades since actual inventories and assays have been conducted with respect to U.S. gold reserves, and the Department of the Treasury has lost records as well as failed to account for many occasions when vault compartments were inexplicably opened and resealed without new audits," said Stefan Gleason, CEO of Money Metals Depository.
"The lack of proper audits of America's gold is highly alarming and totally unacceptable -- such shoddy procedures would never pass muster in the private sector," continued Gleason, whose company operates a maximum-security gold and silver vault in Idaho that is twice the size of the U.S. Bullion Depository at Fort Knox. "Even if a credible audit had been conducted several decades ago, auditing is never a 'one and done' affair."
The gold audit bill comes in an environment where some nations are growing concerned about their gold stored in the United States or who prefer to hold their gold domestically. For example, leaders in Germany are calling for repatriation of its gold held in the custody of the Federal Reserve Bank of New York.
An inquiry into America's sound money stockpile is more relevant than ever, given an inflationary environment where $37 trillion in U.S. federal debt looms large and given that many central banks have been accumulating gold at record rates over the last few years.
Jp Cortez, executive director of the Sound Money Defense League said, "Now is the time for transparency surrounding America's gold. As gold is the ultimate form of money recognized the world over, safeguarding the U.S. Treasury Department's holdings of the yellow metal is very much a national security issue."
"Only a thorough audit, not a public-relations stunt such as the 'live walkthrough' as Elon Musk and others proposed, will suffice," he concluded. "This situation requires far more than a fun one-day field trip by politicians to Fort Knox, West Point, and other U.S. Treasury vaults."
To fulfill their obligations under the Gold Reserve Transparency Act, Government Accountability Office and external independent auditors would gain access to any depository or other public or private depositories where gold reserves are kept as well as related records. The process is expected to take up to a year to complete and would be repeated every five years.
Rep. Massie has frequently been a leader on issues related to sound money.
The full text of H.R. 3795 can be found here:
https://www.moneymetals.com/uploads/content/2025-Gold-Reserve-Transparency-Act.pdf
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Will Rand Paul vote for it or against it?
Rumors are bill clinton gave bars to china in the 90s.
How about making sure they ain’t all W? And that ain’t the former compassionate conservative. Tungsten.
Then prepare for all hell to break loose because this bill will never pass (at least in it’s current form).
For crying out loud, we can’t even deport illegal aliens and keep them deported and they now want you to believe that they’re going to audit the Fed? You’d have to be a retarded child to believe this.
who will audit the auditors?
I surmise that this will be used as a distraction if DC gets to hot for the criminal cabal that controls it
Will Rand Paul vote for it or against it?
—
Who knows? But rest assured some judge will halt it.
Keep dreaming people. No way in hell is there going to be a genuine audit of United States physical gold Holdings. It is not going to happen
So what will an audit prove?
So what will an audit prove?
————
Our government’s honesty. ALL the World’s Central Banks are buying historic amounts of Gold, in the tonnages, presumably to prop up their declining currencies.
The Brics nations are stockpiling to achieve a goal of 40 percent backing, as are governments worldwide. Those without Gold, their currencies are expected to decline greatly…..remember what Trump stated , “ He who has the Gold, makes the Rules”….been that way for centuries.
Rand Paul will do whatever it takes to get his name in the news.
The world ( markets) will demand a Gold holdings account. The Basel III world banking agreements go into effect in July, and they made Gold a Tier One asset.
Country Credit ratings will ultimately determine their rankings….and by the way, Ukraine was given a “ D” rating last week due to all their debt defaults.
Countries with lower ratings will be unable to sell their debt instruments ( Bonds, Bills, Notes).
Even if it passes who’s to say that you can believe the results?
I think it is embarrassing that our government needs a friggin’ law to perform an audit that should be done every year at the least.
Whats wrong with these people?
A lot of fuss and fury concerning such a barbarous relic.
there is almost no gold in Ft Knox, it is all at Area 51 where it is better protected.
it is the Aliens and Fauci funded research that is hidden at Ft Knox
https://www.youtube.com/watch?v=kiYcUCQCHq4
Very fishy, this bill was introduced in 2019 and shelved since then. No full audit in 65 years!
Someone is hiding something from the public.
“there is almost no gold in Ft Knox, it is all at Area 51 where it is better protected.”
It is protected by the UFOs there. Some that we hijacked from greys, dracos and Pleiadeans. Some that we developed ourselves, from crashed UFOs that Lockheed skunk works reverse engineered.
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