- Donald Trump told reporters that someone would “make sure” gold is still in Fort Knox.
- The Treasury Department already audits the stockpile every year.
- “All the gold is there,” Treasury Secretary Scott Bessent said.
President Donald Trump and Elon Musk want to know if the American people have been fooled about the amount of gold that remains at Fort Knox.
“We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump told reporters Wednesday while aboard Air Force One.
Musk wrote multiple posts on X earlier this week before Trump broached auditing the famed base, which houses the US Treasury’s bullion reserves.
“It would be cool to do a live video walkthrough of Fort Knox!” Musk wrote in a reply to far-right radio host Alex Jones on February 17. Later that day, he again posted about the base.
“Who is confirming that gold wasn’t stolen from Fort Knox?” Musk wrote. “Maybe it’s there, maybe it’s not.”
Treasury Secretary Scott Bessent said that the department already audits the stockpile every year.
“I don’t have any plans to go to Kentucky,” Bessent told Bloomberg TV on Thursday. “I can tell the American people on camera right now, there was a report, September 30th, 2024, all the the gold is there. Any US senator who wants to come and visit it can arrange a visit through our office.”
According to the US Mint, 147.3 million ounces, about half of the Treasury’s reserves, are stored at Fort Knox. The website further states that there hasn’t been a removal of large amounts of gold in years.
“The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits,” the site reads. “Except for these samples, no gold has been transferred to or from the Depository for many years.”
It’s unclear where Trump and Musk think the gold might have gone. Over the years, there have been various conspiracy theories that the gold reserves have been depleted.
When asked what may have happened to the gold, Trump didn’t get into specifics.
“If the gold isn’t there, we’re going to be very upset,” the president said.
Fort Knox’s reserves are closed to the public. It remains to be seen if Musk’s Department of Government Efficiency will get a peak.
It’s unlikely such an examination would be broadcast.
“Only a few know the actual structure and content of the facility, and no one person knows all the procedures to open the vault,” the US Mint site reads.