SUMMARY
Aboard Air Force One, US President Donald Trump raised concerns about U.S. gold reserves at Fort Knox, reigniting speculation about a potential revaluation by the U.S. Treasury. With Elon Musk adding fuel to the debate, questions persist about America’s gold holdings and whether the government may seek congressional approval for changes.
1 / 5Trump’s airborne gold concern | Aboard Air Force One en route to Washington, US President Donald Trump faced an unexpected question—would Elon Musk push for Pentagon budget cuts? Instead of responding directly, Trump shifted focus to Fort Knox, expressing concerns about America’s gold reserves, reported the Associated Press. “To make sure the gold is there,” he stated, adding, “If the gold isn’t there, we’re going to be very upset.” His remarks reignited curiosity about the legendary depository’s holdings.
2 / 5Elon Musk stirs the Fort Knox debate | Elon Musk, travelling with President Trump, fueled speculation about Fort Knox with a provocative question on social media: “Who is confirming that gold wasn’t stolen from Fort Knox? Maybe it’s there, maybe it’s not.” His post set off a frenzy of discussions, adding to the long-running mystery surrounding the high-security facility’s gold stockpile.
3 / 5The Fort Knox Vaults: Myth or Reality? Fort Knox, established in 1936, is one of the most secure gold depositories in the world, reportedly housing 147 million troy ounces of gold—valued at around $425 billion. However, conspiracy theories have lingered for decades, questioning whether all that gold is truly inside the vaults. Trump’s recent remarks have reignited debates over the integrity of America’s bullion reserves.
4 / 5Inside America’s gold reserves: Where is it stored? The U.S. gold reserves are housed in three primary locations: Fort Knox (Kentucky), West Point Mint (New York), and Denver Mint (Colorado). While Fort Knox holds the largest portion, West Point and Denver play key roles in gold storage and coin production. The Treasury’s latest records indicate that Fort Knox alone contains approximately 147.3 million troy ounces of gold, but the secrecy surrounding the vault has long fueled speculation.
5 / 5Treasury’s Gold Stockpile: A Controversial Revaluation? Trump’s offhand comments about Fort Knox come amid speculation that the U.S. Treasury could revalue its gold holdings to generate additional government funds, according to Bloomberg. While Wall Street analysts entertain the idea, sources say it’s not under serious consideration by Trump’s economic advisers. If pursued, such a move would likely require congressional approval, Business Standard reported.
