“Fort Knox” has become so well known and so closely associated with Gold that it’s become a common part of our everyday language.
Phrases like “guarded like Fort Knox” are used all the time.
And if you were going to store nearly 5,000 metric tons of gold all in one place, you would most certainly need to make sure it was highly secure, naturally.
Unless….unless the place was empty all along?
We’ll get to that in a minute, but first some statistics:
The United States holds approximately 8,134 metric tons of gold in its reserves. Of this total, about 4,583 metric tons (or 147.3 million ounces) are stored at Fort Knox. This means that Fort Knox holds a significant portion, but not all, of the U.S. gold reserves, with the remainder being stored at other locations like the Federal Reserve Bank of New York, the Denver Mint, and West Point.
That’s a lot of gold!
But is it all still there?
Was it ever there in the first place?
Surely we would have regular checks and reports about that, right?
Well, surprisingly (or perhaps not so surprisingly considering it’s the Government) the answer to that question would be NO.
In fact, Elon Musk chatting with ZeroHedge today on X revealed there has not been one single audit or report about the Gold at Fort Knox since 1974!
Of course Elon already knows this, but he asks the question to further the conversation and to get the topic into the minds of the American people.
Much the same way President Trump will start suddenly shoving a topic into the limelight.
And it’s working.
Rand Paul, the top ranking Republican in Kentucky (where Fort Knox is located) has called for Elon Musk and DOGE to audit Fort Knox:
BREAKING: Rand Paul calls for an audit of Fort Knox to ensure that the 4,580 tons of U.S. gold are present.
— Leading Report (@LeadingReport) February 16, 2025
Biggest story of the day: Senator Rand Paul is calling for an audit on Fort Knox to ensure the 4,580 tons US gold is still there
Here’s what you were NEVER TOLD about the gold at Fort Knox
America’s Wealth, The largest fortune in the history of the world, was stolen. The Fort… pic.twitter.com/geYwfVBvvG
— Wall Street Apes (@WallStreetApes) February 16, 2025
Alex Jones is calling for the same thing:
BREAKING: The US Government claims it has almost 5000 tons of Gold, but Fort Knox US Gold Reserve has not been audited since 1974, whistleblowers have reported for over 40 years that the Gold is missing. It’s time for Elon and DOGE to conduct a full audit of every single ounce of… pic.twitter.com/zNaifmBlBl
— Alex Jones (@RealAlexJones) February 16, 2025
Elon Musk has made it very clear that he wants to Audit Fort Knox as well.
It seems like the only remaining hurdle is President Trump’s direction to do so:
Elon Musk wants to crack open Fort Knox and audit the $425 billion gold reserves inside https://t.co/mDO16xnFZE pic.twitter.com/ThVBzvN0Rt
— New York Post (@nypost) February 16, 2025
Here’s more, from the NY Post:
Elon Musk could get a golden audit.
The world’s richest man got encouragement Sunday to bring his cost-cutting Department of Government Efficiency (DOGE) into one of the most secure places in the world: Fort Knox.
Sen. Rand Paul called for a review of the vault’s massive gold reserves — worth an estimated $425 billion based on market rates — in response to the tech mogul’s musings about the stash.
Musk, 53, drew attention to a user who asked him to “take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there.”
“Surely it’s reviewed at least every year,” Musk replied to X user Zerohedge.
“Nope. Let’s do it,” Paul (R-Ky.), 62, chimed in, referring to the Army installation south of Louisville.
The Kentucky senator’s father, former Rep. Ron Paul (R-Texas) — a big gold bug — had previously pressed government officials for greater transparency on the country’s reserves.
It’s unclear the last time the facility underwent a comprehensive audit, as the vaults were totally off-limits for decades.
The first tour of the facility came in 1974 when journalists and a Congressional delegation were allowed in following claims the stores had been looted. The vaults were opened again in 2017, during the last Trump administration, for Treasury Secretary Steve Mnuchin to view them.
Since at least the 1970s, Fort Knox has been plagued by conspiracy theories that the piles of gold supposedly held within don’t exist – and that the riches were instead sold off by the US government.
Former Rep. Paul’s attempt to get inside in 2010 even included legislation that would see the fort audited, using similar language to what his son is now employing.
“My attitude is, let’s just find out what’s there,” Paul said at the time, according to CBS News.
When Mnuchin visited in 2017 — bringing along Rep. Mitch McConnell (R-Ky) — the gold stores they saw were intact.
But the vault’s relevance is not what it used to be since the US left the gold standard in 1971. For about a hundred years before then, all US currency was backed by stockpiles of gold kept safe in places like Fort Knox.
But since the US left the gold standard, its holdings in Fort Knox are merely another asset held by the Federal Reserve.
Nevertheless, Fort Knox’s hold on the public imagination has been strong — and was solidified when the fictional criminal mastermind Auric Goldfinger attempted to break in but was thwarted by James Bond in the iconic 1964 film “Goldfinger.”
The real vault has at least 147.3 million ounces — 9.2 million lbs. — worth of gold sitting in its vaults, according to the US Mint. That’s about half of the Treasury’s reserve gold.
(The largest gold vault in the world is actually in Lower Manhattan at the Federal Reserve Bank of New York Building, but that also houses gold from other governments.)
The government assesses the book value of $42.22 per ounce, totaling about $6.2 billion worth of gold in Fort Knox.
But that’s almost a comical undervalue; gold is currently trading at nearly $2,900 per troy ounce after skyrocketing in the last year — meaning the stash is worth hundreds of billions.
Now late this evening reports are starting to emerge that DOGE will, in fact, perform the audit:
JUST IN: Elon Musk will reportedly help audit the $425B gold reserves in Fort Knox. pic.twitter.com/JoqH5MmpLX
— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) February 16, 2025
ICYMI💥: Sen. Rand Paul is inviting Elon Musk to come to his state of Kentucky to review the largest reserves of gold in the U.S.
A libertarian X account with 2 million followers asked the leader of the Department of Government Efficiency (DOGE) to set his sights on Fort Knox to… pic.twitter.com/7HmtQIatim
— Melissa Hallman (@dotconnectinga) February 16, 2025
I have not seen an actual Audit confirmed, but we will closely monitor this and bring you updates.
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The ONLY Two Gold Companies I Proudly Partner With
Gold is currently sitting at All Time Highs as I write this (and has been for weeks), so I thought it might be a good time to revisit this and make sure you had this information handy.
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And that often leads me to covering Gold and Silver.
You know, what they have always called "God's Money".
He made it, they aren't making any more of it, and it has always been highly valued as money from the beginning of time until now.
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Two huge benefits actually...
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Never pay more taxes than you are legally required to pay.
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Here's more on why gold and silver in your IRA are so powerful:
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Stay safe!
Make sure you can weather the storm when it hits!
Because the storm always hits eventually, doesn't it?
As for me and my house, we will be ready. 💪
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