Kentucky Senator Rand Paul is encouraging Elon Musk and the Department of Government Efficiency to conduct an audit of the US gold reserves at Fort Knox, which has not occurred in nearly 50 years.
According to Paul, the DOGE should use the audit to verify the existence of the 4,580 tons (147 million ounces) of gold reportedly held there. The last comprehensive audit took place from 1974 to 1986, raising concerns about the lack of transparency and potentially missing audit reports from that period.
Responding to a social media post from ZeroHedge calling on Musk to examine the contents of the fort—estimated at $425 billion based on market rates—Musk said that “Surely it’s reviewed at least every year?”
Surely it’s reviewed at least every year?
— Elon Musk (@elonmusk) February 15, 2025
“Nope,” replied Paul. “Let’s do it.”
Nope. Let’s do it. https://t.co/4sgVpaCwwz
— Rand Paul (@RandPaul) February 16, 2025
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The Fort Knox vault is one of the most secure facilities in the world, but the veil of secrecy surrounding the content of the facility has fueled conspiracy theories, especially since the US abandoned the gold standard in 1971. Paul’s father, Ron Paul, had advocated for greater oversight of the reserves, further highlighting the longstanding calls for transparency regarding Fort Knox.
The call for an audit has sparked speculation about the US returning to a gold standard and has influenced cryptocurrency markets, with significant price movements in Bitcoin and Dogecoin following the announcement.
Musk has also indicated an interest in auditing the Federal Reserve, echoing Paul’s demands for government transparency.
As discussions continue, the focus remains on ensuring accountability regarding the nation’s gold reserves.
Connor Walcott is the lead writer for Valuetainment.com. Follow Connor on X and look for him on VT’s “The Unusual Suspects.”
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