Trump Revives Fort Knox Audit Push, Wants to Knock on the Vault Door
Gold (XAU) Price Performance. Treasury Secretary Scott Bessent stated in February 2025 that annual internal verifications confirm every bar is accounted for. U.S. Treasury Secretary Scott Bessent insists, “all the gold is there,” dismissing any need to visit Fort Knox or revalue gold reserves in a sovereign wealth fund. He assures Americans that annual audits are conducted and invites any member of Congress to see for themselves. However, the last public audit involving outside observers occurred in 1974, a gap that has fueled decades of speculation. What Comes Next Trump did not announce a new inspection, formal audit, or visit timeline. The Department of Government Efficiency (DOGE), which originally floated the idea, has gone quiet. A related bill from Representative Thomas Massie also remains stalled in committee. “I just introduced HR 3795, the Gold Reserve Transparency Act of 2025, to audit U.S. gold reserves. In February, President Trump said he wanted to go to Fort Knox to ”make sure the gold is there.“ This bill provides the full disclosure President Trump seeks,” Massie stated. Renewed attention from the president could nudge gold and safe-haven markets, although no measurable price reaction followed the interview. The rhetoric becoming a physical inspection could shape the next chapter of one of Americas