by Katelyn Caralle, Daily Mail:
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 make sure the U.S. supply of gold is still in its reserves.
Musk questioned why the gold supply is not reviewed every year, leading to speculation that he could look into the military base with the fortified vault full of U.S. gold.
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Since President Donald Trump took office and put Musk in a position of power in Washington, the billionaire has targeted multiple agencies for cuts that the duo feels will save the federal government from ‘wasteful spending.’
He helped completely dismantle USAID – either firing or putting more than 10,000 employees in limbo – and has cut billions in funding in agencies like the Department of Education and fired four of the top financial officials at FEMA.
‘It would be great if Elon Musk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there,’ the libertarian Zero Hedge news aggregator account posted to X. ‘Last time anyone looked was 50 years ago in 1974.’
Musk responded to the post with: ‘Surely it’s reviewed at least every year?’
But Republican Sen. Paul of Kentucky said ‘nope’ and invited Musk to ‘do it’ and have his DOGE staffers conduct an audit of the reserves located in the Fort Knox Army base.
The United States Bullion Depository stands on Fort Knox on Thursday, February 27, 2014 in Fort Knox, Ky. Built in 1936, the depository holds gold bullion reserves belonging to the U.S. Treasury Department
Members of Congress and the media went into the vaults on September 23, 1974 in a tour led by the Director of the United States Mint at the time Mary Brooks (pictured) after a conspiracy was spreading that Fort Knox gold reserves were empty
The Bullion Depository holds roughly 147 million troy ounces of bulk gold, which represents over half the gold held by the U.S. federal government or 56.35 percent of the total.
The U.S. Mint Police are responsible for protecting the gold reserve.
Gold reserves in the U.S., just like all gold reserves, act as a financial safety net against economic instability.
It stores actual, tangible value and helps hedge against inflation with the intention of maintaining public confidence in the nation’s currency despite the gold standard no longer being the way the economy operates.
While the X post suggests the last inspection of the gold coffers was conducted in 1974, there was also one in August 2017 when Kentucky Sen. Mitch McConnell brought a small group, including then-Treasury Secretary Steven Mnuchin, to the vault.
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