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Trump Fort Knox inspection: Show Me the Gold ‘If the gold isn’t there, we’re going to be very upset’

Important Takeaways:

  • President Donald Trump vowed to personally go to Fort Knox to inspect whether or not some of the nation’s gold reserves had been stolen.
  • And he said the billions in bullion better be there when he opens the doors.
  • ‘All my life, I’ve heard about Fort Knox. That’s where the gold is kept, right?’ he told the Republican Governors Association on Thursday night.
  • ‘We’re going to open up the doors. I’m going to see we have gold there. We want to find out, did anybody steal the gold in Fort Knox?’
  • He also vowed: ‘I’m going to actually go. We’re going to open the doors. We’re going to inspect Fort Knox. We want to make sure that we actually have, you know, 400 tons of gold, or whatever to hell it is. It’s a lot of gold. I don’t want to open it and the cupboards are bare.’
  • Musk was asked on X about viewing the facility and responded: ‘Surely it’s reviewed at least every year?’
  • But Republican Senator Rand Paul of Kentucky said it’s not and personally invited Musk to come view it.
  • Trump indicated Thursday night he wants to come on the trip, which has not been scheduled.
  • He told reporters on Wednesday that he wanted Musk to look into the issue. But he had no answer when a reporter asked him where the gold may have gone.
  • ‘If the gold isn’t there, we’re going to be very upset,’ the president replied.
  • Fort Knox holds roughly 147 million troy ounces of bulk gold, which represents over half the gold held by the U.S. federal government or 56.35 percent of the total.
  • The U.S. Mint Police are responsible for protecting the gold reserve.
  • Gold reserves in the U.S., just like all gold reserves, act as a financial safety net against economic instability.
  • It stores actual, tangible value and helps hedge against inflation with the intention of maintaining public confidence in the nation’s currency despite the gold standard no longer being the way the economy operates.
  • The last inspection of the gold reserves appears to have been in August 2017 when Kentucky Sen. Mitch McConnell brought a small group, including then-Treasury Secretary Steven Mnuchin, to the vault.
  • The first inspection of the vault was in 1943 by President Franklin Roosevelt in the aftermath of the Great Depression and in the throes of World War II.

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