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Elon Musk wants to investigate the safest gold vault on the surface, 'Fort Knox,' where half of the US gold is stored: No one has verified it for 50 years. Who can guarantee it hasn't been stolen?
The head of the US Department of Government Efficiency (DOGE), Musk, announced yesterday (18th) that he plans to investigate Fort Knox, which holds more than 147 million troy ounces of gold, accounting for 56.35% of the US federal government's gold reserves, to ensure the safety of the gold. (Previous context: DOGE starts investigating SEC corruption! CZ suggests Musk: Blockchain replacing paper currency 'saving $750 million annually') (Background: Musk fires over a dozen 'US Digital Office' employees, TSL senior management recording leaked: hopes he leaves Tesla) The US Department of Government Efficiency (DOGE) led by TSL founder Musk is considered by the US President as a tool to help reduce federal government spending and improve efficiency. Since Trump took office, Musk has taken drastic measures to investigate important government agencies such as the US Agency for International Development (USAID) and the Consumer Financial Protection Bureau (CFPB)... The latest target is the massive gold reserves stored in Fort Knox, which is claimed to be the safest building on Earth. Musk suspects the safety of the gold reserves at Fort Knox. Just yesterday (18th), Musk posted on social platform X, expressing his desire to know if the gold stored at Fort Knox is really still there: Who can prove that the gold at Fort Knox hasn't been stolen? Maybe it's there, maybe it's not. But that gold belongs to the American public! We just want to know if they're still there. According to reports, Fort Knox is a base of the US Army, housing important institutions such as the US Army Recruiting Command, the US Army Reserve Officers Training Corps, and the US Treasury's gold depository, considered one of the most secure places in the world. According to US Treasury data, Fort Knox's gold reserves exceed 147 million troy ounces, accounting for 56.35% of the US federal government's gold reserves, making it the largest holder of US gold reserves. However, there has been no comprehensive audit of the gold reserves at the site since the 1950s, with the last partial audit dating back to 1974. If Musk's audit of Fort Knox's gold reserves this time turns out to be inconsistent with the records, the global gold market may also face an impact, especially against the backdrop of current historical highs. More transparent BTC reserves We know that since President Trump took office, there has been increasing calls for the US to establish strategic BTC reserves, and currently, several states have proposed related BTC reserve bills, aiming to invest state public funds in BTC. There is much debate about whether BTC or gold is better, but one of the biggest advantages of BTC is its relative transparency. Anyone can verify the asset storage status and flow in the official BTC Wallet at any time, without the need to go through layers of scrutiny like Musk has to in order to inspect the gold reserves at Fort Knox, spending a considerable amount of time to count the gold. Related reading: Musk calls for blockchain governance! Department of Government Efficiency rumored to have secretly negotiated with multiple public chains, CZ agrees: all expenses should be on the chain Related reports OpenAI counters Musk's malicious acquisition! Proposes to give non-profit board 'special voting rights' to prevent malicious acquisition Musk releases 'most powerful AI on Earth' Grok 3! Performance surpasses GPT-4o: will Open Source Grok 2 Trump Musk DOGE lays off over 300 'nuclear security personnel', regrets and asks all to return to work the next day Musk wants to investigate 'Fort Knox', the safest vault on Earth: no one has checked in 50 years, who can guarantee it hasn't been stolen? This article was first published on BlockTempo by BlockTempo, the most influential blockchain news media.