Republican Senator Rand Paul visited the Fort Knox vault on August 10 and confirmed that all 147 million ounces of American gold are still there, according to Treasury records. The government values this gold at $42.22 per ounce, a price frozen since 1973, representing approximately $6.2 billion on paper, while its market value reaches approximately $644 billion at the current price of roughly $4,372 per ounce. This gap between book value and market value has fueled suspicions, revived in 2025 by Elon Musk and Donald Trump, who called for a Fort Knox audit. Treasury Secretary Scott Bessent himself admitted he has never visited Fort Knox, although members of his staff, including the US Treasurer, have confirmed the gold is present.
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