In a bombshell statement that has reignited long-standing debates about Americaâs gold reserves, billionaire entrepreneur Elon Musk has called for a public audit of the gold stored at Fort Knox, questioning whether the reported 147,300,000 ouncesâvalued at a staggering $459 billionâare truly still there. Musk, known for his provocative takes on everything from space travel to government transparency, made the comments on X, where his massive following quickly amplified the message, sparking a firestorm of speculation and renewed scrutiny over the nationâs most secretive vault
Fort Knox, the heavily fortified U.S. Army post in Kentucky, has housed the bulk of Americaâs gold reserves since 1937, a symbol of economic stability during turbulent times. Official figures from the U.S. Treasury claim the facility holds 147.3 million troy ounces of gold, roughly 4,580 metric tons, making it one of the largest gold stockpiles in the world. At current market pricesâapproximately $3,120 per ounceâthat stash is worth over $459 billion, a fortune that underpins the nationâs financial credibility. Yet, the last full audit of Fort Knoxâs gold occurred in 1953, and limited inspections since then have done little to quell conspiracy theories that the vaults might be empty or the gold swapped for less valuable materials.

Muskâs comments cut straight to the heart of those doubts. â147,300,000 ounces of gold, worth $459B, supposedly sits in Fort Knoxâbut when was the last time anyone actually checked?â he posted on X. âItâs time the public sees if itâs still there. Transparency matters.â The Tesla and SpaceX CEO, who has a history of challenging institutional norms, didnât stop there. He suggested that modern technologyâlike blockchain for inventory trackingâcould ensure real-time accountability, adding, âIf we can track a Tesla down to the mile, we can track our gold down to the ounce.â

The reaction was swift and polarized. On one side, Muskâs supporters hailed his call for transparency as a long-overdue push against government opacity. âElonâs rightâwhy should we just trust theyâve got $459 billion in gold? Show us!â one user wrote, echoing a sentiment shared by gold enthusiasts and fiscal conservatives whoâve long demanded a full audit. Others, however, dismissed Muskâs remarks as reckless, arguing they fuel baseless conspiracy theories. A Treasury spokesperson responded, insisting the gold is secure and regularly inspected, though they declined to provide details on the last physical count, citing âsecurity protocols.â

This isnât the first time Fort Knoxâs gold has come under scrutiny. In 2017, then-Treasury Secretary Steven Mnuchin visited the facility and claimed to have seen the gold, tweeting, âGlad gold is safe!â But his visit, which included no independent auditors, did little to silence skeptics. Figures like Ron Paul, a former congressman, have repeatedly called for a comprehensive audit, arguing that the American public deserves proof that the reserves backstopping the dollar are intact. Muskâs intervention, with his unparalleled platformâhis X posts regularly garner tens of millions of viewsâhas now thrust the issue back into the spotlight.

The stakes are high. The U.S. gold reserves are more than a financial asset; theyâre a symbol of economic sovereignty, especially as global powers like China and Russia amass their own gold stockpiles amid tensions over currency dominance. If even a fraction of Fort Knoxâs gold were missing, it could shake confidence in the dollar and send shockwaves through global markets. Conversely, a public audit confirming the reserves could bolster trust in the U.S. economy at a time of rising inflation and geopolitical uncertainty.
For now, Muskâs call has yet to prompt action from the Treasury, but the pressure is mounting. Lawmakers on both sides of the aisle are beginning to weigh in, with some drafting proposals for an independent audit. Whether Fort Knoxâs vaults will finally be opened to scrutiny remains to be seen, but one thing is clear: Elon Musk has once again stirred a national conversation, and the question of $459 billion in gold isnât going away anytime soon.