Tag: Fort Knox

Does the United States Government Need a Gold Reserve?

March 13, 2025 Ryan McMaken

Rand Paul, Elon Musk, and several others, have recently called for an audit of the US government’s gold holdings. This has reminded many Americans that the US government owns a hoard of gold—of 261 million ounces—at Fort Knox and other places. On the other hand, the debate will be news for some who have never … Read more

Gold bars Photo by Jingming Pan on Unsplash

The Gold at Fort Knox Was Stolen from Americans

March 2, 2025 Ryan McMaken

In recent days, President Donald Trump, Elon Musk, Senator Rand Paul, and some others have pressed for an audit of the US gold reserves, with a special focus on the gold at Fort Knox. This is perfectly reasonable given that the US gold reserves—which are the property of the US Treasury and not the Federal Reserve—have not … Read more