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PBS News Hour - Segments

Why Trump and Musk want to audit gold reserves at Fort Knox

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 13 March 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

President Trump and Elon Musk have cast doubt on whether the U.S. gold reserves stored at Fort Knox still exist. Treasury Secretary Scott Bessent insists the gold is safe. The conversation led our digital anchor Deema Zein to dig deeper with economics correspondent Paul Solman. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

President Trump and Elon Musk have cast doubt on whether the U.S. gold reserves stored at Fort Knox still exist.

0:08.2

Trump's Treasury Secretary insists that the gold is safe.

0:11.7

But the conversation led our digital anchor, Dima Zane, to dig a little deeper with economics correspondent Paul Solomon.

0:19.3

Paul, there's been a lot of suspicion about Four Knox, as we've seen in President

0:23.4

Trump and Elon Musk's comments.

0:25.2

Yeah.

0:25.5

Why do you think they want to audit the gold?

0:27.6

People start a rumor.

0:29.5

A rumor becomes a conspiracy theory.

0:31.9

There must be something.

0:34.3

And, you know, I mean, anybody's ever played the game, telephone.

0:38.5

By the time you get to the end of the circle, it's different than when it started, right?

0:43.2

That's got to be the explanation here.

0:46.3

Certainly no one has come forth with evidence that somebody, hey, Uncle Harry has a gold bar in his freezer, and it says Fort Knox on it.

0:57.3

Now, you ask why, now, what's the reason they're going in?

1:00.8

Well, one possibility is they're trying to satisfy the conspiracy theorists.

1:06.1

So it might be just that.

1:07.4

Hey, don't worry.

1:09.5

It's all there.

1:10.6

President Trump or Elon Musk might say,

1:12.7

here we are worried about the debt ceiling and how we don't have enough money to pay our debts

1:17.4

unless Congress raises the debt ceiling, but we have enough money. And so we don't have to worry

...

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