In recent days, President Donald Trump, Elon Musk, Senator Rand Paul and a few others have pushed for an audit of U.S. gold reserves, with special attention to Fort Knox gold.
This is perfectly reasonable given that the U.S. gold reserves (which are owned by the U.S. Treasury and not the Federal Reserve) have not been subjected to even a partial audit in at least twenty years.
Part of the purpose of the audit is to discover if any of the gold has been stolen. The U.S. Mint, the government agency that acts as custodian of the gold, has reported for many years that the official size of the gold reserve is 8,133.46 metric tons of gold.
However, since there has been no audit for so long, the Mint's position is basically "trust us, brother."
Trusting federal bureaucrats has never been a particularly smart policy, which is why there are constant demands for some sort of transparent audit.
If the total size of the U.S. gold reserves is revealed to be less than the official figure, it will be the ultimate reminder that there are plenty of thieves and incompetents among those running the U.S. federal government. After all, if there is less gold in the U.S. gold reserves than reported, presumably it was stolen at some point.
This would be an appropriate fate for U.S. government gold, since much of it was stolen to begin with.
When I say "stolen," I don't even mean that "taxes are theft" and that the U.S. bought the gold with taxpayer money. In truth, the way the U.S. Treasury acquired much of its gold hoard is even more dishonest than ordinary taxation.
Rather, it is likely that most of the Fort Knox gold, as with the gold of the U.S. regime in general, is gold stolen from ordinary Americans as part of Franklin Roosevelt's efforts to end the gold standard and confiscate private gold holdings in the United States.