Commentary
President Donald Trump and Department of Governmental Efficiency (DOGE) head Elon Musk have called for a full audit of the U.S. gold reserves at Fort Knox, reigniting long-standing debates about the transparency and security of the United States’ bullion holdings. Framed as a move for government accountability, the proposal has found support from free-market skeptics concerned about the integrity of federal institutions and conspiracy theorists who believe the vaults contain little to no gold, or even counterfeit bullion. However, the timing of this initiative has raised broader questions about the role of gold in U.S. financial strategy.
