<p>Like his father <a href="https://money.cnn.com/2011/06/24/news/economy/ron_paul_gold_audit/" target="_blank" rel="noopener">before him</a>, Sen. Rand Paul (R-KY) is pushing for an audit of the gold reserves at the United States bullion depository at Fort Knox in Kentucky. He proposed that the Trump administration&#8217;s Department of Government Efficiency (DOGE), which has been scrutinizing various aspects of the federal bureaucracy, help in the endeavor.</p>
<p>Over the weekend, the X account for ZeroHedge <a href="https://x.com/zerohedge/status/1890856057368347006" target="_blank" rel="noopener">suggested</a> technology executive Elon Musk, who is overseeing the DOGE effort, &#8220;take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there.&#8221; Musk <a href="https://x.com/elonmusk/status/1890869046096060559" target="_blank" rel="noopener">responded</a>, asking, &#8220;Surely it&#8217;s reviewed at least every year?&#8221; Paul then replied to Musk, <a href="https://x.com/RandPaul/status/1891125412442370355" target="_blank" rel="noopener">saying</a>, &#8220;Nope. Let&#8217;s do it.&#8221;</p>
<p>According to the United States Mint <a href="https://www.usmint.gov/learn/tours-and-locations/fort-knox?srsltid=AfmBOoowzZJPVc66duhbOfyS-nWWxEEoSDbvvowtvGmm6CvHzeKP_dby#accordion-d08d17b2a7-item-17dfee3991" target="_blank" rel="noopener">website</a>, Fort Knox has 147.3 million ounces of gold holdings. It says roughly half of the Treasury&#8217;s &#8220;stored gold (as well as valuables of other federal agencies)&#8221; is kept there. The website also notes the gold is held as an asset of the United States at a book value of $42.22 per ounce and only &#8220;very small quantities&#8221; have been removed for purity testing &#8220;during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.&#8221;</p>
<p>Fort Knox broke from its &#8220;strict no visitors policy&#8221; in 1974 to allow journalists and a congressional delegation into its vaults to view the gold reserves, the U.S. Mint noted, adding the Treasury Secretary &#8220;allows the visit when rumors persist that all the gold had been removed from the vaults&#8221; and previously, President Franklin D. Roosevelt was the only person other than authorized personnel to access the vaults.</p>
<p>During an <a href="https://www.youtube.com/watch?v=EmAi0c69biA" target="_blank" rel="noopener">interview</a> on Fox News over the weekend, Paul talked about how he has tried to gain access to the Fort Knox gold vaults for a decade and missed his opportunity in 2017 when the bullion depository opened for a second time for then-Treasury Secretary Steve Mnuchin, Kentucky Governor Matt Bevin, and congressional representatives.</p>
<p>&#8220;I&#8217;ve been trying to go down and see the gold and make sure it&#8217;s all there for about 10 years. During the first Trump administration I got permission. You have to get permission all the way up to the Secretary of Treasury. And then the Secretary of Treasury said, &#8216;Well, I want to go down there, too.&#8217; And then he said, &#8216;I want to go down there when the eclipse is coming through Kentucky, too, so I can see the eclipse and the gold at the same time,'&#8221; Paul explained.</p>
<p>&#8220;But they came when I wasn&#8217;t there,&#8221; Paul continued with a chuckle. &#8220;So I tried for 10 years. I set up the appointment and then because they wanted to see the eclipse, they changed the appointment. I didn&#8217;t get to go down but the secretary of Treasury and the senior senator from Kentucky did go down and attest that they believe they saw the gold down there.&#8221;</p>
<p>Asked by &#8220;Fox and Friends&#8221; co-host Lawrence Jones what he thinks is the problem, Paul replied: &#8220;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. 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. That&#8217;s why we don&#8217;t get rid of it. You know we&#8217;ve got it. The IMF has it. The World Bank has it. Most of the central banks around the world have gold. And it&#8217;s an implicit trust that the dollar still has some backing.&#8221;</p>

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Rand Paul Suggests DOGE Help Audit Fort Knox Gold Reserves

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Rand Paul Suggests DOGE Help Audit Fort Knox Gold Reserves