By Bambalino Studio @ Adobe Stock
Congressman Thomas Massie wants America to audit its gold holdings. Purportedly the United States owns 261,498,926.241 fine Troy ounces of gold bullion, gold coins, blanks, and miscellaneous gold. At the Ron Paul Institute for Peace and Prosperity, Adam Dick explains Massie’s effort to audit the gold, writing:
Massie’s bill requires the Comptroller General to “contract with a qualified, independent, third-party, external auditor to conduct and complete … a full assay, inventory, and audit of all gold reserves” within nine months of the bill becoming law and every five years thereafter. The auditor would also report on other gold reserves related matters including the sufficiency of measures for the physical security of the gold reserves; all encumbrances on the gold at present or entered into over the last 50 years; all sales, purchases, disbursements, or receipts of gold over those 50 years along with identification of the terms and parties for those transactions; and a full accounting of all third parties held gold in which the US government – including the Federal Reserve — has a direct or indirect interest.
The Comptroller General is further required by the legislation to report every five years all results, findings, and determinations of the bill’s required investigations to Congress and the Secretary of the Treasury, as well as on the internet for the public. All relied on source material would need to be included with the reports. Redactions, the bill specifies, may be made only in regard to physical security for the gold reserves.
Read more here.
On his congressional website, Massie explained the bill:
Representative Thomas Massie announces the introduction of H.R. 3795, the Gold Reserve Transparency Act of 2025, legislation requiring the Comptroller General to conduct and publicly release a full audit of gold reserves held by the United States. The Comptroller General’s audit will include gold held in “deep storage” locations such as Fort Knox, Kentucky.
“Americans deserve transparency and accountability from the institutions that underpin our currency,” said Rep. Thomas Massie. “In February, President Trump said ‘We’re going to Fort Knox. . .to make sure the gold is there.‘ The Gold Reserve Transparency Act of 2025 will provide the full disclosure President Trump seeks and the American public deserves.”
The Gold Reserve Transparency Act of 2025 further requires the Comptroller General to conduct subsequent audits of the nation’s gold reserves every five years. In addition, the Comptroller General is instructed to report on the sufficiency of measures currently in place to ensure the physical safety of the gold reserves, to provide a full accounting of encumbrances against the gold reserves, and to document any sales, purchases, disbursements, or receipts over the past 50 years that have affected the gold reserves.
Massie announced the bill on X.com:
I just introduced HR 3795, the Gold Reserve Transparency Act of 2025, to audit U.S. gold reserves.
In February, President Trump said he wanted to go to Fort Knox to “make sure the gold is there.” This bill provides the full disclosure President Trump seeks. pic.twitter.com/ZQTFYSX2ov
— Thomas Massie (@RepThomasMassie) June 6, 2025
If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.
