Amid widespread cost-cutting measures, Tesla CEO and Department of Government Efficiency (DOGE) head Elon Musk and President Trump have set their sights on a new target — Fort Knox.
The army installation houses the United States Bullion Depository, which is the single largest stockpile of the country’s gold reserves. Roughly half of the nation’s reserves of the precious metal are stored there, with the rest being divided among the West Point Mint, Denver Mint, and Federal Reserve Bank of New York.
However, both Musk and Trump have recently cast doubts as to whether that is truly the case, and are pushing for an audition of the stockpile. Even a minor discrepancy could serve to shake confidence in the U.S. dollar, and could potentially send shockwaves through the markets.
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Now, noted investor and author of bestselling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, an outspoken market commentator, has weighed in on the matter.
Robert Kiyosaki sounds alarm about inflation, dollar crash
Kiyosaki took to social media platform X on February 23 to share his view of the situation. Although the author first noted that he doubts that the gold is missing, he went on to outline a case as to what could happen if reported holdings in Fort Knox end up being inaccurate.
Raising the question of: ‘What if gold is missing?’, the investor posited that the U.S. economy and the dollar would collapse, followed by catastrophic inflation that would ‘wipe out millions of people, families, and businesses.’
Finally, the author restated his longstanding bullishness on gold, silver, and Bitcoin (BTC) — and expressed particular confidence in silver. Finbold has reported on Kiyosaki’s investment portfolio multiple times, highlighting expected results for copy traders and alternative allocations.
However, readers should note that the gold reserves in Fort Knox are regularly audited. Such inspections are made once a year, with the last audit having concluded in September. Per Trump’s Treasury Secretary, Scott Bessent, all the gold is present and accounted for, as the Secretary told Dan O’Donnell in a February 19 appearance on the latter’s radio show.
Still, while the likelihood of a significant discrepancy existing between the stated reserves in Fort Knox and the actual reserves is rather low, even a small difference would likely have appreciable ramifications. For one, it would undermine confidence in the entire U.S. financial system. Moreover, it would likely lead to a surge in demand for gold.
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