(DOGE), have reignited long-standing speculations regarding the U.S. government’s gold reserves housed at Fort Knox. Over the past two weeks, to examine the facility, with Trump even suggesting a rare inspection of the highly-secured depository.

Gold Stock Corp Market News Topline Recent statements from former President Donald Trump and Elon Musk, the world’s wealthiest individual and leader of the Department of Government Efficiency (DOGE), have reignited long-standing speculations regarding the U.S. government’s gold reserves housed at Fort Knox. Over the past two weeks, both figures have expressed a desire to examine the facility, with Trump even suggesting a rare inspection of the highly-secured depository. Key Facts In a statement made at the White House, Trump declared, "We’re actually going to Fort Knox to see if the gold is there. Because maybe somebody stole the gold. Tons of gold." His comments follow a series of posts by Musk questioning the condition of the government’s gold reserves. Musk suggested on social media that the gold may no longer be present or could have been removed, even calling for a “live video walkthrough” of the facility to verify its contents. Despite these claims, there is no substantial evidence supporting the theory of missing gold. Treasury Secretary Scott Bessent, who oversees the U.S. Bullion Depository, reassured the public that all the gold is accounted for, emphasizing that audits are regularly conducted, though the precise details of the reserve remain confidential. The U.S. Bullion Depository at Fort Knox, located in Kentucky, holds approximately 147.3 million troy ounces of gold, which constitutes around 59% of the U.S. Treasury’s total gold reserves. With the current market price of gold exceeding $2,960 per troy ounce, the gold stored at Fort Knox has an estimated market value of $436 billion—greater than the market capitalization of Europe's most valuable public company, LVMH (Louis Vuitton Moët Hennessy). However, the U.S. government values this gold at only $6 billion, as it adheres to a fixed government-set price of $42.22 per troy ounce. Chief Critic In a Bloomberg interview, Secretary Bessent dismissed concerns raised by Trump and Musk regarding the gold reserves. He emphasized that the U.S. Treasury conducts an annual audit, most recently completed in September, and that the gold reserves at Fort Knox are secure and accounted for. History of Access to Fort Knox Fort Knox has remained one of the most secure and secretive facilities in the United States. It has only opened its doors to non-authorized personnel on three notable occasions. The first was in 1943 when President Franklin D. Roosevelt visited the facility. In 1974, ten members of Congress were granted access to inspect the gold to reassure the public of its safety. The most recent visit occurred in 2017, when a delegation including Senator Mitch McConnell and then-Treasury Secretary Steven Mnuchin toured the facility. After the 2017 visit, Kentucky Governor Matt Bevin stated, "It is freakishly well-secured," confirming that the gold remains safe and intact. This skepticism regarding the Fort Knox gold is not new. Similar doubts were raised in a 1974 New York Times article, following the Congressional visit, which carried the headline, “Visitors Get a Peek at Fort Knox Gold—It's There.” Gold Stock Corp Market News – Where Gold Meets Transparency