Kentucky Sen. Rand Paul joined Fox & Buddies to debate the necessity for a gold reserve audit at Ft. Knox and his resolution to vote in opposition to the Republican finances invoice.
President Donald Trump is backing an Elon Musk-led Division of Authorities Effectivity (DOGE) effort to substantiate that every one the U.S. gold reserves at Ft. Knox are actually there.
Trump’s help of the transfer on Wednesday comes after it was revealed there is no such thing as a yearly overview for the world-renowned stash on the Kentucky facility, resulting in wild on-line hypothesis that some or all the depository’s greater than 8,100 tones might not be accounted for.
Treasury Secretary Scott Bessent has insisted it is all there.
President Donald Trump is backing an Elon Musk-led DOGE effort to substantiate that every one the U.S. gold reserves at Ft. Knox in Kentucky are actually there. (Brandon Bell/Getty Photographs / Getty Photographs)
ELON MUSK’S DOGE PREPARES TO AUDIT US GOLD RESERVES AT FORT KNOX AFTER URGING BY SEN. RAND PAUL
“We’re going to enter Fort Knox to verify the gold is there… are you aware about that?” Trump mentioned to a reporter aboard Air Drive One, based on a video posted to X by Musk.
“We hope every thing is okay with Fort Knox, however we’re going to enter Fort Knox, the fabled Fort Knox, to verify the gold is there.”
One other reporter appeared perplexed and requested: “The place would the gold have gone?”
“If the gold isn’t there, we’re going to be very upset,” Trump mentioned.
Musk is main the DOGE effort to chop out waste and abuse in authorities and he has been touring with Trump aboard Air Drive One. (Thomas Fuller/SOPA Photographs/LightRocket through Getty Photographs / Getty Photographs)
Musk captioned the put up, writing, “A stay stream of Fort Knox could be [fire],” adopted by two hearth emojis.
The tech billionaire and DOGE chief has been touring with Trump aboard Air Drive One and has spent days posting about this challenge.
“Who’s confirming that gold wasn’t stolen from Fort Knox?” he wrote Monday. “Perhaps it’s there, perhaps it’s not.”
Earlier Wednesday, Bessent was requested concerning the large reserve.
“We do an audit yearly,” Bessent mentioned, based on The Related Press. “All of the gold is current and accounted for.”
Bessent mentioned he could be glad to rearrange an inspection for any senator who’s , the outlet reported amid calls Sen. Rand Paul, R-Ky., for better transparency concerning the large reserve.
Paul advised “FOX & Buddies” earlier this week that he has been attempting to confirm it himself for a decade.
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“I feel a few of them might not suppose it must be audited on a regular basis, however I feel the extra daylight, the higher, extra transparency, the higher,” Paul mentioned.
“And likewise, it brings consideration to the truth that gold nonetheless has worth and implicitly, not explicitly, however implicitly, gold nonetheless offers worth to the greenback.
“That is why we do not eliminate it,” he continued. “We have got it. The IMF has it, the World Financial institution has it. A lot of the central banks… around the globe have gold, and it is an implicit belief that the greenback nonetheless has some backing.”
Paul’s father, former presidential candidate Ron Paul, additionally referred to as for Fort Knox’s gold to be audited and proposed a invoice in 2011 to just do that.
Fort. Knox’s large reserve has reportedly been valued at $425 billion based on the New York Put up, with the remainder of america’ extremely sought-after steel being saved within the Federal Reserve Financial institution of New York.
Critics have referred to as for better transparency concerning the stash after it was revealed the top-secret areas usually are not topic to a yearly audit.
An M1 Abrams tank sits on a pedestal above the doorway signage to Fort Knox in Kentucky the place America’s gold deposits are held. (Getty Photographs)
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Paul mentioned he acquired permission to go to throughout the first Trump administration, however the journey didn’t materialize.
Then-Treasury Secretary Steven Mnuchin and Sen. Mitch McConnell, R-Ky., visited the vaults in 2017. They reported that, regardless of numerous conspiracy theories, the gold was current.
