Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Trump and Musk Plan to Launch Probe into Gold Reserves Amid Growing Fears of Missing Gold

by Riah Marton
in Technology
Trump and Musk Plan to Launch Probe into Gold Reserves Amid Growing Fears of Missing Gold
Share on FacebookShare on Twitter


President Donald Trump announced Wednesday night that he and Elon Musk’s Department of Government Efficiency (DOGE) will investigate whether Fort Knox’s gold reserves remain intact. This move comes as part of their broader review of federal assets and spending.

X

“We’re going to go into Fort Knox to make sure the gold is there. You know that? We’re going to go into Fort Knox,” Trump told reporters aboard Air Force One. He emphasized the importance of the review, saying, “We do want to look. I mean, we hope everything’s fine with Fort Knox, but we’re gonna go to Fort Knox, the fabled Fort Knox, and make sure the gold is there.”

Trump warned that missing gold would be a serious concern. “If the gold isn’t there, we’re gonna be very upset,” he added. The Fort Knox Bullion Depository, located in Kentucky, is believed to hold 147.3 million ounces of gold—more than half of the Treasury Department’s total reserves.

Trump and Musk
X

Concerns Over Gold Reserves

Fort Knox has long been shrouded in secrecy, with public access restricted. Official estimates suggest the repository holds nearly 370,000 standard-sized gold bars. However, Musk has questioned these claims, raising doubts on social media.

“Who is confirming that gold wasn’t stolen from Fort Knox?” Musk wrote Monday on X, the platform formerly known as Twitter. “Maybe it’s there, maybe it’s not.” He also proposed a live video tour of the facility to verify the reserves.

Musk, CEO of SpaceX and Tesla, traveled with Trump aboard Air Force One from a speech in Miami Beach. While Musk did not speak to reporters, his involvement signals a push for government transparency and efficiency. The billionaire has been leading Trump’s efforts to downsize the federal bureaucracy, with DOGE aiming to cut $1 trillion in annual spending.

Republican Concerns Over Fort Knox Access

The secrecy surrounding Fort Knox has raised concerns among some Republicans. Senator Mike Lee (R-Utah) criticized the facility’s refusal to grant him access, writing on X: “As a U.S. senator, I’ve tried repeatedly to get into Fort Knox. They won’t let me.”

Lee continued, “Fort Knox: ‘You can’t come to Fort Knox.’ Me: ‘Why?’ Fort Knox: ‘It’s a military installation.’ Me: ‘I’m a senator; I go to military bases all the time.’ Fort Knox: ‘You still can’t come. Because, you can’t.'”

Fort Knox has stored much of the nation’s gold since 1937. Its most famous pop culture reference is the 1964 James Bond film Goldfinger, in which Sean Connery’s character attempts to prevent a gold heist inside the depository.

Treasury Department Responds

Despite rising skepticism, Treasury Secretary Scott Bessent dismissed concerns, assuring that the reserves are intact. “We do an audit every year,” Bessent said in an interview with Wisconsin radio host Dan O’Donnell. “All the gold is present and accounted for.”

The debate over Fort Knox’s gold comes amid renewed scrutiny of corruption involving precious metals. Former Senator Bob Menendez, nicknamed “Gold Bar Bob,” was convicted in 2022 for accepting bribes, including gold bars, in exchange for political favors. He is set to begin an 11-year prison sentence on June 6.

Trump has also hinted at additional financial reforms. On Wednesday, he suggested a potential 20% taxpayer dividend once DOGE completes its government overhaul. As Trump and Musk push for transparency, the public awaits the findings of the Fort Knox audit.

Tags: FearsGoldGrowingLaunchMISSINGMuskplanProbeReservesTrump
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Furious Protesters Block SpaceX Headquarters in D.C. as They Slam Elon Musk Over Mass Federal Job Cuts

Furious Protesters Block SpaceX Headquarters in D.C. as They Slam Elon Musk Over Mass Federal Job Cuts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In