Trump revives proposal to audit Fort Knox, wants to challenge the gold storage facility.

President Donald Trump once again sparked debate about inventorying the Fort Knox gold vault during an interview on May 10, 2025, with investigative journalist Sharyl Attkisson. He stated that he still wanted to verify whether the US gold reserves were still being stored inside the vault.

These statements have reignited questions about transparency that both Trump and Elon Musk raised back in February 2025.

Why has the question of Fort Knox gold vault inventory resurfaced?

When asked by Attkisson about the progress of the inventory, Trump said he wanted to “knock on the door of Fort Knox.” He emphasized that the purpose was to confirm XEM the gold reserves were still intact.

"I really want to go to Fort Knox someday. I want to XEM if the gold is still there, which I'm sure it is," Trump said .

The National Precious Metals Reserve in Kentucky holds approximately 147 million ounces of gold. According to the Treasury Department, this amount represents nearly 59% of the United States' total official gold reserves.

At the current price of gold (XAU) , this amount of gold is worth hundreds of billions of USD.

Finance Minister Scott Bessent stated in February 2025 that annual internal inventories had confirmed that every single gold bar had been fully accounted for.

However, the last public inventory with the participation of outside observers was in 1974. This very long period has given rise to much speculation over the past decades.

What will happen next?

Trump has not released any further information regarding the timing of the inspection, the expansion of the inventory, or the specific schedule for the visit. The Department for Government Effectiveness Enhancement (Doge) – the agency that proposed the idea – has also remained silent .

A related bill proposed by Representative Thomas Massie is also stalled in the committee .

“I just introduced HR 3795 – the Gold Reserve Transparency Act of 2025 – to audit the U.S. gold reserves. Last February, President Trump said he wanted to go to Fort Knox to ‘make sure the gold is still there.’ This bill would provide the full transparency that President Trump has always wanted,” Massie stated .

The president's renewed attention could potentially "stir up" the gold and safe-haven asset markets , although there hasn't been any significant price movement since the interview.

If these statements do indeed lead to a physical audit, it could be a new chapter in one of America's oldest financial mysteries.