Politics & Government

Is Elon Musk mulling an audit of Fort Knox’s gold reserves? Here’s what he said

Elon Musk, right, speaks with President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas. (Brandon Bell/Getty Images/TNS)
Elon Musk, right, speaks with President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on Nov. 19, 2024, in Brownsville, Texas. (Brandon Bell/Getty Images/TNS) TNS

The gold reserves at Fort Knox military base may be the next target of Elon Musk’s Department of Government of Efficiency, the cost-cutting arm of the President Trump’s administration.

The U.S. Army military base outside Radcliff houses $6.2 billion in gold reserves, according to the U.S. Mint.

Musk was asked on his social media website X Saturday whether anyone knew if the gold was still at the base, a common question in many conspiracy circles.

Gold bars such as these likely soon will be deposited at the Texas Bullion Depository.
Gold bars such as these likely soon will be deposited at the Texas Bullion Depository. Barry Thumma AP

Musk asked if there was an annual audit of the gold at the base which is the central repository for the nation’s gold.

Republican U.S. Sen. Rand Paul answered: “Nope. Let’s do it.”

U.S. Sen Mike Lee, R-Utah, also chimed in. Lee said he had asked to tour the facility but was barred entry.

“As a U.S. senator I’ve tried repeatedly to get into Fort Knox,” Lee said on X. “Fort Knox: ‘You can’t come to Fort Knox.’”

Musk then replied: “It would be cool to do a live video walkthrough of Fort Knox.”

It’s not clear when the last time Fort Knox was audited.

Former Trump Treasury Secretary Steven Mnunchin visited the base in 2017.

This story was originally published February 18, 2025 at 10:28 AM.

Beth Musgrave
Lexington Herald-Leader
Beth Musgrave has covered government and politics for the Herald-Leader for more than a decade. A graduate of Northwestern University, she has worked as a reporter in Kentucky, Indiana, Mississippi, Illinois and Washington D.C. Support my work with a digital subscription
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