The post Elon Musk Sparks Debate Over U.S. Gold Reserves – Is Fort Knox Still Full? appeared first on Coinpedia Fintech News
A new controversy has begun over the U.S.’s biggest gold reserves, and it all started with elon musk 
elon musk
Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor's degree in Arts and physics, and the Wharton School, earning a bachelor's degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion.
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. The billionaire’s curiosity about the legendary Fort Knox vault has brought back old questions: Is all the U.S. gold really there? Now, politicians are joining the debate, and many are demanding a closer look.
Musk Questions Fort Knox Gold
The conversation started when Zerohedge tagged Musk on X, suggesting he should verify the Fort Knox gold reserves, as no one has properly checked them since 1974.
Musk, surprised by the claim, responded:
“Surely it’s reviewed at least every year?”
Zerohedge quickly replied:
“It should be. It isn’t.”
This short exchange sparked widespread speculation. Many questioned why the reserves haven’t been fully audited in decades, leading to theories that some of the gold might have been sold or is no longer there.
No independent audit of Fort Knox has been recorded in recent memory. If the vault still holds the reported 4,580 tons of gold, it would be worth about $425 billion at today’s prices.
Senator Rand Paul Calls for an Audit
Musk’s discussion caught the attention of U.S. Senator Rand Paul, who wasted no time in supporting a formal review. “Nope. Let’s do it,” Paul commented, referring to the lack of inspections.
This stance is not new for the Paul family—his father, former Congressman Ron Paul, has long demanded more transparency regarding the U.S. gold reserves, questioning whether the vault is truly as full as claimed.
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The Bitcoin Alternative?
As the debate over gold reserves continues, U.S. Senator Cynthia Lummis has proposed a radical alternative, Bitcoin. A known Bitcoin advocate, Lummis argues that a Bitcoin reserve would provide full transparency, as blockchain technology allows anyone to verify holdings at any time.
Lummis has already introduced the BITCOIN Act, which outlines a plan for the U.S. to acquire 1 million BTC, making up 5% of Bitcoin’s total supply. The proposal includes secure Bitcoin vaults under the U.S. Treasury, with funding drawn from existing resources to avoid taxpayer expenses.
With growing calls for an audit, pressure is mounting on officials to confirm whether Fort Knox still holds its gold.
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