Senator Rand Paul is pushing for a long-overdue audit of the U.S. gold reserves at Fort Knox, a move that hasn’t been seen in nearly five decades. Concerns are mounting about whether the 4,580 tons of gold, supposedly stored at Fort Knox, are still there or if some financial trickery is at play. The issue gained traction when Zero Hedge, a conservative news outlet, stirred up a debate on X, suggesting, “It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there.”
Elon Musk quickly chimed in, questioning, “Surely it’s reviewed at least every year?” Rand Paul responded with a straightforward challenge, “Nope. Let’s do it.” The conversation underscores a rising demand for transparency about America’s gold reserves, last thoroughly audited between 1974 and 1986.
The last known audit of Fort Knox’s gold reserves occurred in 1986. During an audit spanning from 1974 to 1986, about 97% of the gold was checked and secured with official seals by a committee of government auditors. The review involved the General Accounting Office, the U.S. Treasury, and the Bureau of the Mint, claiming the U.S. held 276 million fine troy ounces of gold, with 147.4 million ounces at Fort Knox.
Since 1986, no comprehensive audits have been conducted at Fort Knox. This lack of scrutiny raises questions about the true status of the gold reserves. A Freedom of Information Act (FOIA) request revealed that vital audit documents from this period are missing, adding to the mystery.
Researcher Koos Jansen of Bullion Star unearthed this issue through a FOIA request. He sought audit reports from 1974-1986 but discovered seven reports were unaccounted for. Despite his efforts, Jansen only accessed four out of thirteen reports, with the rest missing.
In his correspondence, Jansen highlighted the lack of response from the Treasury Department. His request for information was met with silence, and he was informed that the reports were not in the Treasury’s collection. The missing reports raise suspicions about the transparency of gold audits.
The U.S. National Archives couldn’t locate the reports either. Jansen doubts further FOIA requests to the Treasury will yield results, as previous attempts have been futile. The only available reports match those presented at a 2011 congressional hearing.
In 2021, Former Rep. Alex Mooney introduced a bill to audit America’s gold reserves. His proposed legislation aimed for a full audit, inventory, and assay of U.S. gold holdings. Mooney argued that with rising national debt, ensuring the security and accountability of America’s gold is crucial.
Mooney stressed that the U.S. must safeguard its gold reserves amid global financial threats. He pointed out that Russia and China are rapidly accumulating gold, potentially challenging U.S. financial dominance. The bill remains in Congress, awaiting action.
With the national debt climbing, the security of gold reserves is more vital than ever. The lack of recent audits leaves unanswered questions about the integrity of the reserves. The call for transparency echoes the need for accountability in government financial practices.
Rand Paul’s push for an audit is part of a broader demand for government transparency. The missing audit reports only fuel concerns about the handling of America’s gold. The public deserves to know if the gold reserves are intact and secure.
As debates continue, the importance of safeguarding national assets grows. The gold reserves are a crucial part of America’s financial stability. Rand Paul’s call for an audit seeks to ensure that these reserves are preserved for future generations.
The issue of gold audits highlights the need for government accountability. With missing reports and no recent audits, questions about the reserves linger. Ensuring transparency in government dealings is essential for public trust.
The call for an audit is not just about numbers; it’s about trust in government. The public demands assurance that national assets are protected. As the debate unfolds, the need for transparency becomes more apparent.
In the absence of recent audits, transparency remains a pressing issue. The public deserves to know the status of America’s gold reserves. Rand Paul’s call for an audit is a step toward ensuring accountability and trust in government.
3 Comments
“Nothing since 1986?” What the hell is going on with this country all of these years with so many upheavals and turning away from “traditional values, morals and integrity to now this revelation that the value of “America’s Gold Reserve” is not certain and could even be “disappeared” for all “We the People” know!
Perhaps the 1959 Ian Fleming novel Goldfinger with British Secret Agent 007 James Bond portrayed by the quintessential Sean Connery as Bond was a precursor to some actual nefarious plot to bilk America of its “Gold Power” and help the “Chinese Communist Government” with their plan to dominate all including the United States!
In Ian Fleming’s story “Operation Grand Slam” was to be just that, where America’s entire Gold Reserve in Fort Knox is to be irradiated with a dirty bomb rendering it all useless thereby increasing the value of Goldfinger’s enormous stolen stockpile from around the world and by default any other governments stockpiles; in this case the Chinese government who helped this plan by providing Goldfinger with the nuclear device and are in on the plot! Not bad for a 1959 novel and subsequent 1964 major blockbuster hit film produced by Albert R. Broccoli and Harry Saltzman. The film was the first of four Bond films directed by Guy Hamilton. Principal photography took place from January to July 1964 in the United Kingdom, Switzerland and the United States. The price tag for the hit was around 3 $Million and worldwide gross receipts were 120 $Million; heck that’s like a Fort Knox of Motion Picture Hits as an investment!
I can imagine how some of the most nefarious powerful people on this planet earth since 1964 could have very well started cooking up some international scheme to somehow remove all that Gold from Fort Knox if possible over time secretly say from the time the last full accounting of the Gold was made in 1986 to now, or a major insider conspiracy! And the way I and most level headed Citizens have learned not to trust this U.S. Government the way we once could, says just maybe something very sinister and underhanded has occurred with our Gold Reserve; I pray that that isn’t the case! Amen.
If attempted, the auditing of Gold at Ft Knox better be accurate with zero tolerance for mistakes or misinterpretations of actual findings, as any error in reporting may cause dire economic consequences, a report of missing or unaccounted gold may cause a precipitous drop in dollar value and a responding gold price increase! Maybe that’s why their requesting a gold audit, hoping for either an error in reporting or a real gold missing report as either one causes a panicked inflationary economic response. Be careful what you ask for it may bite you in the arse and ruin everything you exposed to date, the gold audit should be the last thing this administration does as it exits stage left!
That’s quite true, and with the actual bottom of the U.S. economy hanging by mere threads (the Nation Deficit having climbed from about 23.5 $Trillion when Trump left office just prior to the J6 Set-up to now approaching 40 $Trillion in just one general election cycle, which is insane; all due to the nefarious mismanagement of the entire Nation by the Biden, “America’s Own Man of Perdition or Manchurian Candidate” if you will, administration)! A crisis now of this magnitude, of our actual Gold Standard which the dollar rides on, would be more than a catastrophe for America on so many levels, and an ensuing economic collapse would be eminent! Which all U.S. enemies would relish in to stomp-out the once most powerful nation on earth! And it would follow logically for those enemies to then plan a decisive blow to America, perhaps an EMP; adding to and making this manufactured disaster the likes of which the Citizens have never experienced that would befall America, a dark harbinger even exponentially far worse than the stock market crash of 1929! I put it this way, if people haven’t been believing in God the actual real Holy One in the name of Jesus or do and just don’t pray to Him much, they all better start to right now for a miracle, to ward off what is apparently fast approaching! And I assume all “the powers that be” are well aware of all of this, but, are just running through the exercise of looking good for now to deflect attention from what they really already know, and aren’t talking to us the citizenry about!
God bless.