Elon Musk Questions U.S. Gold Reserve's Existence, Suggests Audit

Elon Musk, the tech mogul and public leader of the U.S. Department of Government Efficiency (D.O.G.E.), has expressed concerns about politicians' inability to access and audit the U.S. national gold storage facility, Fort Knox. Musk suggested that the U.S. gold reserve might be missing and proposed that D.O.G.E. should audit it. Michael Saylor, the co-founder and executive chairman of Bitcoin-focused company Strategy, responded to Musk's tweet, hinting that it's time to forget about gold and proceed with Donald Trump's plan to create a Strategic Bitcoin Reserve for the U.S.

Musk has been contemplating about Fort Knox and the U.S. gold reserve in several tweets. He doubts whether the gold is still there and seems inclined to think that it may be gone. He did not share any thoughts as to what led him to believe that, other than his response to an X post by the senior United States senator from Utah, Mike Lee. The latter stated that his requests to visit Fort Knox were rejected, as it is considered a military object. Lee argued that he is a politician and visits military objects all the time, but his request was still rejected.

Musk commented on the situation, questioning if the gold is still in Fort Knox and asking rhetorically: "Who is confirming that gold wasn’t stolen from Fort Knox?" He stated that it might be still there, but it might not. "That gold is owned by the American public! We want to know if it’s still there," Musk concluded his message. In another recent X post, Musk posted a meme saying, "And it's gone," with the comment, "Looking for the gold at Fort Knox …"

Michael Saylor responded to that tweet with a typical Bitcoiner's slogan: "Bitcoin fixes this." During his election campaign, Donald Trump mentioned that he might create a Strategic Bitcoin Reserve if he rules the country. Now, he has created a taskforce to research if that would be a reasonable step to take. However, the crypto community still expects him to deliver on his promise.