Trump’s proposal to audit Fort Knox gold reserves draws attention

It is reported that, during a May 10 interview, U.S. President Trump proposed visiting the Fort Knox gold vault in Kentucky to verify the gold reserves and questioned whether "certain people" might have stolen the gold. Neither the White House nor Fort Knox has responded yet. The Fort Knox gold vault was built in 1936 and stores about 147 million ounces of gold, accounting for 56% of the United States' official gold reserves. According to a 2025 research brief from the Federal Reserve, the U.S. Treasury holds 262 million ounces of gold, recorded at the statutory price of $42.22 per ounce set in 1973, with a total value of around $11 billion. If revalued at the current gold price of $4,700 per ounce, this would result in an accounting surplus of over $1.2 trillion. Several analysts believe revaluing the gold could reduce debt pressure and inject liquidity.