Senator Rand Paul (R-Ky.) called on Elon Musk’s DOGE to lead an audit of Fort Knox’s gold reserves, which would mark the first audit of its kind in over 50 years.
The development began over the weekend after Zero Hedge suggested DOGE (Department of Government Efficiency) investigate Fort Knox “just to make sure that 4,580 tons of US gold is still there,” which hadn’t been confirmed since 1974.
It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there. Last time anyone looked was 50 years ago in 1974.
— zerohedge (@zerohedge) February 15, 2025
Musk replied, “Surely it’s reviewed at least every year?”
Sen. Paul jumped in on Sunday, saying, “Nope. Let’s do it.”
Nope. Let’s do it. https://t.co/4sgVpaCwwz
— Rand Paul (@RandPaul) February 16, 2025
The last time an audit took place at the United States Bullion Depository, the U.S. Army installation in Fort Knox, Kentucky, that holds the United States’ $425 billion of gold reserves, was in 1974 and lasted until 1986.
This comes amid reports that large gold shipments from the Bank of England’s vaults are making their way to New York’s COMEX vaults at an unprecedented rate amid fears of an impending trade war sparked by President Donald Trump.
But the shipments are also leading to speculation that President Trump may be preparing to return the U.S. Dollar to a gold standard that was abandoned in 1971 by former President Richard Nixon.
“There seems to be an even greater demand here, almost like there is an unseen hand of somebody who wants a lot of gold and silver in the United States,” said Scottsdale Mint CEO Josh Phair last week.
In related news, Musk last week also suggested that the Federal Reserve Bank may be DOGE’s next target for an audit.
“All aspects of the government must be fully transparent and accountable to the people. No exceptions, including, if not especially, the Federal Reserve,” Musk wrote on X.
All aspects of the government must be fully transparent and accountable to the people.
— Elon Musk (@elonmusk) February 9, 2025
No exceptions, including, if not especially, the Federal Reserve. https://t.co/qZnXspcKPS
Musk even said last week that it would be a “good idea” if former Texas Congressman Ron Paul, a famous Fed hawk, led the DOGE team’s audit of the Fed.
Good idea
— Elon Musk (@elonmusk) February 8, 2025
Former Rep. Paul appeared receptive to the suggestion, but cautioned that he would “go slow” because he “knows the ups and downs” of the Fed’s monetary policy.
How Would Ron Paul Audit The Fed? – today on the Liberty Report:https://t.co/Oz8N0dC43i pic.twitter.com/Zc6aGHYyo9
— Ron Paul (@RonPaul) February 10, 2025
Over the weekend there were a flurry of viral posts on X – led by Elon Musk – suggesting that Ron Paul should head up the auditing of the Federal Reserve…and even that he should be tapped as Fed Chairman!
— Ron Paul (@RonPaul) February 10, 2025
Millions who have followed his often lonely crusade against the Fed are… pic.twitter.com/4cDvlWNOgl
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