- Elon Musk suggested the federal government check into the nation’s gold supply to ensure it is there. Musk wants auditors to look at what is stored at Fort Knox in Kentucky.
- Sen. Rand Paul urged Musk to do so, saying the more transparency, the better.
- According to the U.S. Treasury, the military installation has more than 140 million ounces of gold, worth roughly $428 billion.
Full Story
Elon Musk suggested the federal government check into the nation’s gold supply to ensure it exists. Musk wants auditors to look at what is stored at Fort Knox in Kentucky.
The U.S. stores its large and heavily secured gold reserve at Fort Knox. The public is prohibited from visiting the base.
Point phone camera here
How did this apparent hunt for gold start?
Musk posted on his social media platform X that he was looking for gold at Fort Knox. He included a picture of a cartoon character but has since deleted the image.
How much gold is at Fort Knox?
According to the Treasury Department, the military installation holds over 147 million ounces of gold, more than any other location in the U.S.
It’s estimated to be worth $428 billion. However, it does not undergo an annual review.
Who ignited Elon Musk’s efforts to audit the nation’s gold supply?
Sen. Rand Paul, R-Ky., appeared on Fox News and urged Musk to do some digging. He said the more sunlight and transparency on the matter, the better.
He said gold still has value in the dollar and that the World Bank and many central banks still hold it.
Musk also wrote that the American public owns gold, and he wants to know if it’s still there. He suggested that it may be, or it may not.
Who is confirming that gold wasn’t stolen from Fort Knox?
— Elon Musk (@elonmusk) February 17, 2025
Maybe it’s there, maybe it’s not.
That gold is owned by the American public! We want to know if it’s still there. https://t.co/aEBXK1CfD6
Sen. Mike Lee of Utah weighed in, saying he tried to get into Fort Knox but was rejected. The military base didn’t give him a reason despite the fact that he’s a U.S. Senator.
Get up to speed on the stories leading the day every weekday morning. Sign up for the newsletter today!
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
When was the gold last inspected?
Congress last inspected the gold in 1974.
Fort Knox would represent the largest target of the Trump administration’s ongoing efforts to reduce spending and shrink the federal workforce.
[CRAIG NIGRELLI]
ONE OF ELON MUSK AND HIS DEPARTMENT OF GOVERNMENT EFFICIENCY’S NEXT TARGETS APPEARS TO BE FORT KNOX, KENTUCKY. THAT’S WHERE THE UNITED STATES HAS A LARGE AND HEAVILY SECURED GOLD RESERVE AND THE PUBLIC IS NOT ALLOWED.
IN A POST ON HIS SOCIAL MEDIA PLATFORM X, MUSK WROTE” LOOKING FOR GOLD AT FORT KNOX”, WITH A CARTOON CHARACTER AND THE WORDS, “AND ITS GONE”.
THERE ARE MORE THAN 147 MILLION OUNCES OF GOLD, AT THE MILITARY BASE, WHICH IS MORE THAN ANY OTHER LOCATION IN THE UNITED STATES, ACCORDING TO TREASURY DEPARTMENT. IT SUPPOSEDLY IS WORTH $428 BILLION BUT DOES NOT GET A YEARLY REVIEW.
SENATOR RAND PAUL OF KENTUCKY WENT ON FOX NEWS TO URGE MUSK TO DO SOME DIGGING.
RAND PAUL/(R) KENTUCKY :” You know some of them do not think it needs to audited all the time but I think the more sunlight, the better, the more transparency the better and it brings attention to the fact that gold still has value and implicitly, not explicitly, gold still gives value to the dollar, thats why we don’t get rid of it. We have it, the IMS has it, The world bank has it, most central banks around the world have it and its an implicit trust that the dollar still has backing. “]
MUSK CONTINUED ON HIS PLATFORM X POSTING, “WHO IS CONFIRMING THAT GOLD WASN’T STOLEN FROM FORT KNOX ? MAYBE ITS THERE, MAYBE ITS NOT. THAT GOLD IS OWNED BY THE AMERICAN PUBLIC. WE WANT TO KNOW IF IT’S STILL THERE. “
SENATOR MIKE LEE ALSO WEIGHED-IN ON X, SAYING HE TRIED TO GET INTO FORT KNOX BUT HAS BEEN DENIED ACCESS TO THE MILITARY INSTALLATION, EVEN THOUGH HE IS A U-S SENATOR AND NO REASON WAS GIVEN FOR THE DENIAL.
CONGRESS INSPECTED THE GOLD IN 1974. FORT KNOX WOULD BE THE BIGGEST TARGET YET OF THE TRUMP ADMINISTRATION ONGOING EFFORT TO CUT MASSIVE AMOUNTS OF SPENDING AND REDUCE THE FEDERAL WORKFORCE. FOR MORE UNBIASED UPDATES, DOWNLOAD THE STRAIGHT ARROW NEWS APP.
Straight to your inbox.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
