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There Are Good Reasons for DOGE to Audit Gold Reserves at Fort Knox. Just Ask These Senators.

Greg Nash/Pool via AP

The Department of Government Efficiency has saved taxpayers an estimated $55 billion through their work so far, and they have asked for the public’s help in identifying where more waste, fraud, and abuse can be identified. This has triggered a number of suggestions, including one supported by Sen. Rand Paul (R-KY). 

The Republican senator said he has been trying to see the gold reserves at Fort Knox for a decade to no avail, and supported the idea of DOGE taking a look.

According to a fact sheet from the U.S. Mint, there are 147.3 million ounces of gold at Fort Knox, which is about half of the Treasury's stored gold. The only gold removed has been to test its purity "during regularly scheduled audits" but no gold has been transferred to or from Fort Knox "for many years," the Mint claims. 

"The actual structure and content of the facility is known by only a few, and no one person knows all the procedures to open the vault," the U.S. Mint says. 

During an interview on Fox News, Paul argued the more transparency, the better. 

"And also, it brings attention to the fact that gold still has value and implicitly, not explicitly, but implicitly, gold still gives value to the dollar," he added. 

Paul's frustration was shared by his colleague, Sen. Mike Lee (R-UT), who has been denied access to Fort Knox. 

Paul's father, former Rep. Ron Paul, called for an audit years ago. 

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