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Thomas Massie Introduces Bill to Audit America’s Gold Reserves

  • On June 6, 2025, Rep. Thomas Massie introduced the Gold Reserve Transparency Act requiring an audit of U.S. gold reserves, including Fort Knox.
  • This legislation responds to concerns over lost Treasury records and decades without a full audit since September 1974 at Fort Knox.
  • The bill mandates a one-year comprehensive assay and inventory by the comptroller general, covering all gold transactions from the past 50 years.
  • Fort Knox contains in excess of 147 million troy ounces of gold, contributing to the United States' total reserves of approximately 261 million ounces, which are valued at nearly $868 billion.
  • If enacted, the legislation would enhance transparency and accountability in U.S. gold reserves, addressing national security and public trust concerns.
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USA Today broke the news in United States on Friday, June 6, 2025.
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