How much gold reserve does the US hold?
Making Money Host Charles Payne is working on a conspiracy theory about whether Fort Knox has money.
Elon Musk And his government efficiency (DOGE) was able to quickly audit the US government’s gold reserves based on billionaires’ interactions on social media.
Saturday Musk wrote a post about X US gold reserves It is reviewed annually. Senator Rand Paul (No, let’s do it.”
“Who is confirming that the gold was not stolen from Fort Knox? Maybe it’s there. Maybe it’s not. The gold is owned by the American people! But it’s still there. I’d like to know if it’s on,” Musk wrote Monday. The post argues that, in response to Senator Mike Lee of R-Utah, he has been repeatedly denied access to Fort Knox.
He later posted about “I’m looking for money in Fort Knox,” and a South Park meme said, “Annnnd It’s Gone.” Musk also told X’s Alex Jones, “It’s cool to do a live Fort Knox video walkthrough!”
SpaceX and Tesla founder Elon Musk questioned whether the money was missing from Fort Knox, informing him that Doge could audit US gold mage. (Anna Money Maker/Getty Images)
In the conspiracy theory about lack of money, Federal Government We regularly release reports detailing the reserves of gold bullion and gold coins in various repositories across the country. These monthly reports include whether gold is kept in deep storage or whether US mint is held in available work stock for the purpose of minting council-approved coins.
This includes the weight of the Troy ounce gold reserves and its book value in dollars. The book value is not that Market Value It is gold, but instead refers to the total number of troy ounces multiplied by the value established by the law established in 1973 ($42.222).
The market value of gold was approximately $2,900 per troy ounce as of February 17th, approximately 68 times the book value set forth under the 1973 Act.
Fort Knox Military Base in Kentucky has a gold bullion depository. (John Cherry/Getty Images)
The recently released update from the Ministry of Finance was released on January 31st, with the following notes:
Fort Knox – The Ministry of Finance has released over 147.3 million Troy ounce gold bullion. Land cash deposit Kentucky has book value of over $6.2 billion.
West Point Mint – The Treasury reported more than 54 million ounces of gold bullion in deep storage at depository institutions West Point, New Yorkits book value exceeds $2.2 billion.
As Denver – The report shows that over 43.8 million troy ounces gold bullion are held in deep storage. Colorado Depository Institutionswith a book value of over $1.8 billion.
The Treasury has gold reserves, some of which are used by US mints to create coins. (istock)
Doge seeks “insights” into potential waste in the SEC
Mint Working Stock – Across all financial facilities, the report pointed to 2.7 million ounces of gold held in working stock for the US Mint to create gold coins. The book value of reserves held as labor inventory was $117.5 million.
Federal Reserve System – The Ministry of Finance report states: Federal Reserve System In New York Vault, one item is listed at a book value of $564.8 million, over 13.3 million ounces, and the other is listed at a book value of about $3.1 million, with over 73,400 troy ounces.
Federal Reserve Display Coin – The report also lists two line items of gold coins to be held for display at the Federal Reserve Bank. 1,993 troy ounces were listed at 1,993 ounces at $84,162, with the other having a book value of 377 troy ounces and $15,936.