NewsTrump taps Musk for Fort Knox gold inspection mission

Trump taps Musk for Fort Knox gold inspection mission

Donald Trump announced an inspection of the Fort Knox treasury. We hope everything is in order. We will go to the legendary Fort Knox and ensure the gold is there. If the gold isn't there, we will be very upset," the American president told journalists.

Trump to check the USA's gold reserves. Inspection at the "legendary Fort Knox"
Trump to check the USA's gold reserves. Inspection at the "legendary Fort Knox"
Images source: © Getty Images | Joe Raedle
Sara Bounaoui

On Wednesday evening, during the return flight to Washington aboard Air Force One, a reporter asked President Donald Trump if Elon Musk would seek budget cuts at the Department of National Defence.

Trump's reaction caught everyone off guard when he announced that Elon Musk would oversee the inspection of the Fort Knox treasury. He expressed hope that everything was in order and stated that they would visit the renowned site to verify the presence of the gold.

Journalists inquired about the location of the gold in the treasury. "If the gold isn't there, we're gonna be very upset," Trump answered.

It is worth noting that Elon Musk recently expressed interest in auditing Fort Knox's gold reserves. Senator Rand Paul, who advocates for greater transparency and regular inspections of these reserves, supported this proposal.

Fort Knox - the most famous gold storage site in the USA

Fort Knox is a US military base in Kentucky, about 56 kilometres south of Louisville and north of Elizabethtown. It is mainly known for the adjoining United States Bullion Depository, where a significant portion of the country's gold reserves are stored. The depository, managed by the US Department of the Treasury, is one of the most secure places in the world and is not open to visitors.

According to data from December 2024, the United States gold reserves amount to 8,133.46 tonnes and have remained at this level since the second quarter of 2024. Although the USA maintains that the gold is safe and intact, theories suggesting the need for regular audits and inspections of the treasuries continue to emerge.