Trump Calls for Fort Knox Audit Following CIA Official’s Gold Seizure
- FBI agents seized approximately $40 million worth of gold bars from former CIA official David Rush on May 27, 2026.
- Fort Knox holds around 147 million troy ounces of gold, valued at approximately $662 billion at current market prices.
- The last independent audit of Fort Knox occurred in 1953, with no full audit since then.
- Rep. Thomas Massie introduced the Gold Reserve Transparency Act (H.R.3795) in Congress to mandate regular audits.
- Gold prices have surged recently, ranging from $4,500 to $5,000 per ounce.
Following the arrest of David Rush for alleged theft and possession of significant gold reserves, Donald Trump has renewed calls for a physical audit of Fort Knox to verify its holdings. This comes amid rising gold prices and ongoing legislative efforts to ensure transparency in U.S. gold reserves.
The lack of a comprehensive audit since the Eisenhower administration raises questions about the current state of U.S. gold reserves, especially as market values significantly exceed statutory book values. (Source)
