Elon Musk and Rand Paul Want to Audit Gold at Fort Knox

Elon Musk is entertaining the idea of an audit at Fort Knox, the high-security U.S. facility that supposedly holds $425 billion worth of gold. Senator Rand Paul is on board, raising questions about government transparency regarding the nation’s gold reserves.

Key Facts:

Fort Knox holds an estimated 4,580 tons of U.S. gold, but no comprehensive audit has been conducted in decades.
Elon Musk responded to an online post suggesting he should check if the gold is actually there, prompting interest in an audit.
Sen. Rand Paul (R-Ky.) supports the idea, continuing his father Ron Paul’s long-standing push for gold transparency.
The last major public viewing of Fort Knox was in 2017 when Treasury Secretary Steve Mnuchin visited.
Despite a book value of $6.2 billion, the real market value of Fort Knox’s gold is estimated to be over $425 billion.

The Rest of The Story:

The secrecy surrounding Fort Knox has fueled speculation for decades.

The facility, located in Kentucky, houses nearly half of the U.S. Treasury’s gold reserves.

The last major public inspection occurred in 1974 when journalists and lawmakers were given access amid rumors of missing gold.

Since then, oversight has been scarce.

Throwback to @RonPaul talking about the gold in Fort Knox: pic.twitter.com/5xiAQItOjk

— Natalie F Danelishen (@Chesschick01) February 16, 2025

The Trump administration allowed Treasury Secretary Steve Mnuchin to view the vaults in 2017, but no formal audit followed.

Despite its immense value, Fort Knox remains one of the least-examined federal assets.

Surely it’s reviewed at least every year?

— Elon Musk (@elonmusk) February 15, 2025

Elon Musk’s interest in government spending has put him at the center of a push for transparency.

His Department of Government Efficiency (DOGE) has been analyzing federal expenditures, and the mystery surrounding Fort Knox has now caught his attention.

With the support of Senator Paul, and audit may be in the future.

Nope. Let’s do it. https://t.co/4sgVpaCwwz

— Rand Paul (@RandPaul) February 16, 2025

Commentary:

For an asset worth over $400 billion, it’s astonishing that Fort Knox is not subject to regular audits.

The federal government demands financial accountability from citizens and businesses, yet it refuses to apply the same standards to its own gold reserves.

The fact that no one knows the exact security procedures, let alone the last official audit date, raises serious concerns.

If everything is accounted for, why not prove it?

An independent review would confirm the integrity of the reserves and put to rest speculation that the gold might be missing—or never fully accounted for.

Given Washington’s long history of financial mismanagement, the skepticism is well-founded.

Trillions of taxpayer dollars vanish into bloated agencies, wasteful programs, and foreign aid, yet the government resists the simplest steps toward transparency.

If Fort Knox holds what it claims, then proving it should be a routine matter.

A formal audit wouldn’t just reassure Americans—it would hold the government to the same standards it imposes on everyone else.

Musk and Paul are right to ask: what’s really inside Fort Knox?

The Bottom Line:

For decades, Fort Knox has been shrouded in secrecy, with little accountability over its gold reserves.

Calls for an audit are reasonable, especially given the federal government’s track record of financial mismanagement.