Rand Paul Proposes First Fort Knox Gold Audit in 50 Years

Senator Rand Paul has called for an audit of the U.S. gold reserves at Fort Knox, which has not occurred in nearly 50 years. This proposal emerged from discussions on social media, where Paul suggested that Elon Musk's Department of Government Efficiency (DOGE) should lead the audit to verify the existence of the 4,580 tons of gold reportedly held there. The last comprehensive audit took place from 1974 to 1986, raising concerns about the lack of transparency and potentially missing audit reports from that period. The call for an audit has sparked speculation about the U.S. returning to a gold standard and has influenced cryptocurrency markets, with significant price movements in Bitcoin and Dogecoin following the announcement. Musk has also indicated interest in auditing the Federal Reserve, echoing Paul's demands for government transparency. As discussions continue, the focus remains on ensuring accountability regarding the nation's gold reserves.