The post Elon Musk’s D.O.G.E To Audit U.S Biggest Gold Reserve Says U.S. Senator 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 this claim, questioned whether regular inspections take place.
Surely it’s reviewed at least every year?”
To which Zerohedge quickly replied, “It should be. It isn’t.”
This exchange set off a storm of speculation, with many questioning why the reserves have not been thoroughly audited in recent decades. Theories started to begin that the gold had been sold off or was no longer in Fort Knox at all.
Perhaps, no independent audits have been conducted in recent memory. If the vault does hold the reported 4,580 tons of gold, it would be worth approximately $425 billion based on current market rates.
U.S. Senator Invites Trump
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.
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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