Elon Musk is set to examine America’s gold reserves at Fort Knox through his Department of Government Efficiency (DOGE), responding to concerns about lack of regular audits.
The initiative was sparked by Senator Rand Paul, who has spent a decade attempting to verify the reserves himself. The United States holds the world’s largest gold reserve, exceeding 8,100 tonnes as of late 2024, with significant portions stored at Fort Knox and the Federal Reserve Bank of New York.
Paul emphasizes that this audit isn’t just about verification – it’s about recognizing gold’s continuing role in providing implicit value to the U.S. dollar and maintaining trust in the global financial system.