U.S. Treasury Secretary Scott Bessent confirms annual audits verify all gold reserves at Fort Knox, dismissing calls for public inspection.
U.S. Treasury Secretary Scott Bessent stated that all gold reserves at Fort Knox, valued at $667 billion, are present and accounted for. The confirmation follows renewed speculation about the vault’s contents, including suggestions from former President Donald Trump for a public audit.
Bessent cited an internal verification dated September 30, maintaining the Treasury’s long-standing position that annual audits suffice. The gold at Fort Knox has historically symbolized U.S. financial stability, though physical access remains restricted to preserve trust in the system.
The Treasury has consistently rejected calls for public inspections, emphasizing internal accountability over transparency measures. No immediate market reaction was reported following the remarks.