Musk Suggests DOGE Could Audit Government’s Gold Reserves
Tue Feb 18 2025
Over the weekend, Elon Musk suggested on social media that the Department of Government Efficiency (DOGE) could soon begin an audit of the U.S. government’s gold reserves.
As Fox Business reports, the speculation began with an X post on Saturday by ZeroHedge, saying “it would be great if Elon Musk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there.” The post noted that the “last time anyone looked was 50 years ago in 1974.”
Musk responded to the post asking if there are regular annual reviews of the nation’s gold supply. ZeroHedge responded saying “it should be,” but “it isn’t.” Senator Rand Paul (R-Ky.) also joined the thread with a post simply saying “Nope. Let’s do it.”
Musk later posted that “it would be cool to do a live video walkthrough of Fort Knox!” In response, Senator Mike Lee (R-Utah) revealed that he has repeatedly been denied access to Fort Knox, despite being allowed onto all other military bases as a U.S. Senator. Musk responded to Senator Lee’s post asking “who is confirming that gold wasn’t stolen from Fort Knox?”
“Maybe it’s there, maybe it’s not,” Musk continued. “That gold is owned by the American public! We want to know if it’s still there.”
The gold bullion depository in question is located next to Fort Knox, a military base near Louisville, Kentucky. As the depository has also colloquially become known as Fort Knox, it has been repeatedly referenced in popular culture as a symbol of maximum security and of the United States’ wealth.
The United States Treasury has released reports on the gold supplies that are allegedly kept at Fort Knox and other depositories, although there has not been an audit in many years. The most recent Treasury report, released on January 31st, claimed that Fort Knox currently holds 147.3 million troy ounces of gold, while the West Point Mint houses 54 million troy ounces and the Denver Mint is home to 43.8 million troy ounces.
The current market value of gold is approximately $2,900 per troy ounce.
Source: https://amgreatness.com/