Senator Rand Paul is calling for a long-overdue audit of the U.S. gold reserves at Fort Knox, a process that has not taken place in nearly 50 years.
His demand stems from growing concerns over whether the 4,580 tons of gold supposedly stored at the facility still exist or if government officials and the Federal Reserve have engaged in financial mismanagement behind closed doors.
The push for transparency gained momentum after a post on X by conservative news outlet Zero Hedge reignited debate over the issue.
The post suggested that Elon Musk should inspect Fort Knox to verify the gold reserves, noting that the last known audit occurred in 1974. Musk responded by questioning whether the reserves are reviewed annually, to which Paul replied bluntly, “Nope. Let’s do it.”
Nope. Let’s do it. https://t.co/4sgVpaCwwz
— Rand Paul (@RandPaul) February 16, 2025
The last known audit of Fort Knox’s gold began in 1974 and continued until 1986, during which approximately 97% of the reserves were reviewed and placed under official joint seals.
This audit was conducted by a government committee composed of auditors from the General Accounting Office, the U.S. Treasury, and the Bureau of the