- 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.
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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.
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.
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.