so are we all supposed to see the gold stocks that are in Fort Knox depository?
Beginning Saturday, Musk shared several social media posts questioning the state of the government’s infamous gold reserves at Fort Knox,
asking if the gold is “still there” or
“gone” and
calling for a “live video walkthrough” of the facility.
Sen. Rand Paul, R-Ky.,
responded “let’s do it” to one of Musk’s posts calling for annual audits of Fort Knox.
And Trump joined the discourse late Wednesday,
telling reporters, “We hope everything’s fine with Fort Knox, but we’re going to go to Fort Knox...to make sure the gold is there.”
“If the gold isn’t there, we’re going to be very upset,” Trump added.
There’s no evidence to support theories about missing gold, but the state of the reserve is tightly sealed.
The U.S. Bullion Depository in Fort Knox, Kentucky, holds 147.3 million troy ounces of gold, or about 59% of the Treasury’s total supply,
according to the U.S. Mint.
With gold trading at more than $2,940 per troy ounce on the open market Tuesday, that means the Fort Knox gold has a market value of $434 billion, more than the market value of Europe’s most valuable public company, Tiffany and Louis Vuitton parent LVMH.
However, the government denotes the value of this gold at Fort Knox as just $6 billion based on the government-set book value for gold of $42.22 per troy ounce.