Does Fort Knox Really Hold America’s Gold? Senator Says He Saw All 147 Million Ounces
Every American is aware of the favored Fort Knox conspiracy. The US authorities says lots of of billions of {dollars}’ price of gold is sitting inside it, however skeptics consider some or all of it might now not be there. But Republican Senator Rand Paul says he verified it.
The Kentucky Senator reportedly had a vault tour on Monday, August 10. He says all of the Fort Knox gold is there, roughly 147 million ounces.
Fort Knox Gold is There, Rand Paul Says After Going Underground
Almost no person will get inside Fort Knox. The US Mint says outsiders have seen the vault roughly twice because it opened in 1937. Journalists and lawmakers toured it in 1974 to bury rumors of lacking gold. Treasury Secretary Steven Mnuchin regarded in 2017.
The Kentucky senator grew to become the newest exception on August 10.
He posted his verdict the identical day, then turned the tour into an argument concerning the greenback itself.
“Gold doesn’t develop when Congress spends. Paper does. That is the distinction,” Paul said within the publish.
He wrote that the greenback has misplaced 97% of its buying energy for the reason that Federal Reserve opened in 1913. By his rely, it has additionally shed 85% since 1971, when President Richard Nixon reduce its last tie to gold.
He additional claimed the Fed absorbs a 3rd of Washington’s $2 trillion annual deficits.
Official information add a sharper quantity. The Mint lists 147,341,858 ounces at Fort Knox. The books nonetheless worth them at $42.22 per ounce, a worth frozen in 1973.
That makes the hoard price $6.2 billion on paper and about $644 billion at at the moment’s roughly $4,372 gold worth. The hole between these figures is the core of Paul’s argument and in addition fueled Trump’s earlier requires a Fort Knox audit.
How the Fort Knox Gold Conspiracy Ignited Again in 2025
Elon Musk revived this conspiracy in February 2025, publicly asking, basically: who has truly confirmed the gold wasn’t stolen?
Trump then mentioned his administration wished to test Fort Knox and prompt going there with Musk. Treasury Secretary Scott Bessent responded that the gold was accounted for.
Then Trump introduced the topic again once more in May 2026. He mentioned he nonetheless wished to go to Fort Knox and “see if the gold is there,” whereas suggesting that theft was one thing price contemplating.
Then got here one other fascinating improvement final month. Bessent mentioned he himself had not visited Fort Knox, though members of his employees had, together with the US Treasurer, and mentioned the gold was “current and accounted for.”
It appears that Senator Rand Paul has now assured Republican supporters that the Fort Knox gold is all there, however skeptics will nonetheless have a tough time believing such claims with out a clear audit.
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