Rand Paul Calls For Audit Of Fort Knox Gold Reserves

According to Odaily, U.S. Senator Rand Paul has urged the Department of Government Efficiency (DOGE), led by Elon Musk, to audit the gold reserves at Fort Knox. This request aims to verify whether the U.S. Treasury's reported 147.3 million ounces (4,600 tons) of gold are actually stored there. The call for an audit has sparked a debate about the transparency and financial trust of cryptocurrencies compared to traditional assets. Riot's Director of Research, Pierre Rochard, highlighted that while gold requires trust in auditors, Bitcoin allows anyone to verify its authenticity. Unlike gold, which can be counterfeited, Bitcoin's supply is fixed at 21 million coins, and its smallest unit, the 'satoshi,' can be tracked on the blockchain. Despite the United States holding the largest gold reserves globally, incidents of counterfeit gold bars have been reported in recent years, further fueling the discussion on asset transparency.