The president’s feedback come amid hypothesis concerning the situation of the gold within the closely fortified navy set up close to Louisville.
President Donald Trump confirmed Saturday that each he and Elon Musk are going to Fort Knox to ensure there’s gold there.
For the reason that late Thirties, Fort Knox has housed a big portion of the USA’ official gold reserves and options important safety. Treasury Secretary Scott Bessent mentioned final week that there’s an audit yearly and that “all of the gold is current and accounted for.”
Trump mentioned Saturday through the Conservative Political Motion Convention (CPAC) that “we’re additionally going to Fort Knox” and that he’s going with Musk.
“Would anyone like to hitch us? As a result of we wish to see if the gold continues to be there,” he mentioned.
“Wouldn’t that be horrible if we opened it up and there was no gold there?“ Trump additionally mentioned. ”So we’re going to open these doorways.”
The president additionally advised the viewers to not be shocked if the vaults have been opened and nothing was there. In his speech, Trump didn’t present a timeline for when he would go to the bottom.
“We’re going to have a look and if there’s 27 tons of gold, we’ll be very comfortable,” Trump advised the CPAC viewers. “I don’t understand how the [expletive] we’re going to measure it, however that’s okay. We wish to see numerous good, lovely, shiny gold in Fort Knox.”
“Don’t be completely shocked [if] we opened the door, we are saying, ‘There’s nothing right here, they stole this too!’”
Final week, each the president and Musk, a senior adviser to Trump, mentioned that he desires to verify to see the scenario with the Fort Knox gold reserves.
Fort Knox, a U.S. Military put up, is about 35 miles south of Louisville and encompasses 109,000 acres in three Kentucky counties, together with Bullitt, Hardin, and Mead. Camp Knox was established throughout World Conflict I and have become an artillery coaching heart, in accordance with the Military base’s web site.
It was made a everlasting set up in 1932 and has been recognized since then as Fort Knox. The primary gold arrived at Fort Knox in 1937 with the first Cavalry Regiment referred to as on to protect the cargo.
In response to the U.S. Mint, present gold holdings on the U.S. Bullion Depository at Fort Knox are 147.3 million ounces. About half of the Treasury’s saved gold is saved at Fort Knox.
The U.S. Mint says solely very small portions have been eliminated to check the purity of the gold throughout often scheduled audits, and that aside from these samples, no gold has been transferred to or from the depository for a few years. The gold’s e book worth is $42.22 per ounce.
Fort Knox’s official web site says it’s been years since a major amount of gold has been withdrawn from the navy base.
The current feedback on the extremely fortified U.S. navy base come because the Musk-led Division of Authorities Effectivity (DOGE) has gone from company to company within the federal authorities to chop fraud, waste, and abuse with a purpose to get monetary savings.
The Related Press contributed to this report.