Each American is aware of the favored Fort Knox conspiracy. The US authorities says a whole bunch of billions of {dollars}’ value of gold is sitting inside it, however skeptics consider some or all of it could not be there. However 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
Nearly 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 in regards to the greenback itself.
“Gold doesn’t develop when Congress spends. Paper does. That’s the distinction,” Paul stated within the submit.
He wrote that the greenback has misplaced 97% of its buying energy because the 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 data 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 value $6.2 billion on paper and about $644 billion at in the present day’s roughly $4,372 gold worth. The hole between these figures is the core of Paul’s argument and likewise fueled Trump’s earlier requires a Fort Knox audit.
How the Fort Knox Gold Conspiracy Ignited Once more in 2025
Elon Musk revived this conspiracy in February 2025, publicly asking, basically: who has really confirmed the gold wasn’t stolen?
Trump then stated his administration needed to examine Fort Knox and urged going there with Musk. Treasury Secretary Scott Bessent responded that the gold was accounted for.
Then Trump introduced the topic again once more in Might 2026. He stated he nonetheless needed to go to Fort Knox and “see if the gold is there,” whereas suggesting that theft was one thing value contemplating.
Then got here one other fascinating growth final month. Bessent stated he himself had not visited Fort Knox, though members of his workers had, together with the US Treasurer, and stated the gold was “current and accounted for.”
Plainly 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 and not using a clear audit.
The submit Does Fort Knox Actually Maintain America’s Gold? Senator Says He Noticed All 147 Million Ounces appeared first on BeInCrypto.