Why is there concern about Fort Knox gold reserves?

Concerns about Fort Knox gold reserves have emerged because they are not subjected to annual external reviews, raising transparency issues among critics and lawmakers. With gold reserves valued at approximately $425 billion and claimed to total over 8,100 tonnes, the absence of regular independent verification has created skepticism about the actual state of America's treasure trove. This lack of oversight has prompted initiatives to audit Fort Knox, including recent efforts led by Elon Musk. The situation highlights growing demands for accountability regarding one of the nation's most valuable assets, with critics arguing that regular external audits are essential to maintain public trust in the government's financial reporting.