Fort Knox Gold Holdings Under Scrutiny Amid Calls for Comprehensive Audit

The US government officially reports holding 8,133.5 metric tons of gold, but an audit has never been conducted to verify this figure.

Michael Maharrey, host of the Money Metals Midweek Memo podcast, argues that such assurances from Treasury Secretary Scott Bessent and other officials do not replace the need for independent verification.

Audit procedures exist to detect honest mistakes, verify records, and provide accountability, which is crucial when managing valuable assets like gold reserves.