Musk’s DOGE invited to Fort Knox to inspect gold reserves
Have our gold reserves been tapped?
That is the question that Senator Rand Paul (R-KY) is hoping to have answered.
Paul invited Elon Musk to audit the gold reserved held at Fort Knox in his home state of Kentucky.
It Isn’t Checked?
Oddly enough, as important as our bullion reserves are to the stability of the American dollar and our economy, it would appear that the supply has not been checked in quite some time.
The last time the vault was checked resulted from a conspiracy theory floating around regarding the reserves being tapped out... but that took place about five decades ago.
When Paul extended the invite to Musk via X, he posted, “It would be great if Elon Musk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there.
“Last time anyone looked was 50 years ago in 1974.”
Musk seemed astonished that there was not a required annual review.
Then-Treasury Secretary Steven Mnuchin did tour Fort Knox with Senator Mitch McConnell (R-KY) in 2017, but I am not sure if he actually audited the reserve supply, as there is little documentation of the visit.
He was the first Treasury Secretary to visit the physical reserves since 1948, which I find utterly ridiculous. How can you be the Secretary of the Treasury and not see our nation’s bullion reserves?
I think what Musk has done so far has been amazing and a much-needed wake-up call for the American people at how inept our government truly is.
It wastes money because there is no accountability over spending.
I was just watching a report on Fox News regarding the trillions of dollars that have been misallocated or misused, even missing, over the last two decades.
If you read my reports regularly, you know I have always advocated for a public website that would provide detailed information on every penny of the budget.
Perhaps after Musk cleans up our books, he can implement something like that to force accountability and ensure the American people know how their tax dollars are being spent.