His recent comments questioning the status of the U.S. gold reserves have sparked widespread debate, raising concerns about financial transparency.
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The controversy began when U.S. Senator Mike Lee revealed that he had been denied entry to Fort Knox, despite multiple attempts.
Musk reacted to this revelation with a pointed question:
“Who is confirming that gold wasn’t stolen from Fort Knox? Maybe it’s there, maybe it’s not.”
His remarks triggered an outpouring of support for an official audit, with figures like Senator Rand Paul and other financial watchdogs joining the call, as mentioned in a report by Coingape.
What further fueled suspicion was a Trading Economics report claiming that Fort Knox holds over 8,100 tonnes of gold.
However, the last full audit was conducted in 1953, with only a partial audit in 1974.
The situation took an even more dramatic turn when Australia uncovered fake gold in the Bank of England reserves.
In response, India relocated 102 tonnes of gold, raising fears of a global gold bank run.
This has led many to question whether a similar scenario could unfold at Fort Knox, potentially shaking investor confidence in gold.