President Donald Trump confirmed that his administration will be checking Fort Knox to “make sure the gold is there.”
The president’s remarks aboard Air Force One seemed to back efforts by his Department of Government Efficiency (DOGE) with Elon Musk at the helm to audit the U.S. gold reserves in the heavily guarded facility in Kentucky.
“We’re going to go into Fort Knox to make sure the gold is there… do you know about that?” Trump said to a reporter aboard Air Force One.
.@POTUS: “We’re going to go to Fort Knox — the fabled Fort Knox — to make sure the gold is there.” pic.twitter.com/nFKlTDGXaO
— Rapid Response 47 (@RapidResponse47) February 20, 2025
“We hope everything is fine with Fort Knox, but we’re going to go into Fort Knox, the fabled Fort Knox, to make sure the gold is there,” he said.
“Where would the gold have gone?” one reporter asked.
“If the gold isn’t there, we’re going to be very upset,” Trump said.
Musk, who reposted the video clip of Trump, captioned his post on X: “A live stream of Fort Knox would be [fire],” adding two fire emojis.
In several posts over the weekend, Musk had questioned whether the gold is “still there” and suggested a “live video walkthrough” of the facility, even getting Sen. Rand Paul (R-KY) to respond “Let’s do it.”
Nope. Let’s do it. https://t.co/4sgVpaCwwz
— Rand Paul (@RandPaul) February 16, 2025
“I think some of them may not think it needs to be audited all the time, but I think the more sunlight, the better, more transparency, the better,” Paul told “FOX & Friends” earlier this week.
“And also, it brings attention to the fact that gold still has value and implicitly, not explicitly, but implicitly, gold still gives value to the dollar,” the Kentucky Republican added.
“That’s why we don’t get rid of it,” he continued. “We’ve got it. The IMF has it, the World Bank has it. Most of the central banks… around the world have gold, and it’s an implicit trust that the dollar still has some backing.”
“Who is confirming that gold wasn’t stolen from Fort Knox?” Musk wrote Monday. “Maybe it’s there, maybe it’s not.”
“We do an audit every year,” Treasury Secretary Scott Bessent said, according to the Associated Press. “All the gold is present and accounted for.”
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Frieda@bizpacreview.com
Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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