Trump says that his Administration Fort Knox will check to ensure that the gold is there ‘

President Donald Trump said his administration will check the American gold reserves at Fort Knox in Kentucky.

“We are going to Fort Knox, the legendary Fort Knox, to ensure that the gold is there,” Trump said on Air Force One on Wednesday.

A drive to check Fort Knox recently received steam from reactions from comments from Elon Musk. In recent decades, the conspiracy theories have emerged from time to time about whether the government is truthful about the amount of gold stored there because of the high safety of the fort.

The Ministry of Finance gives the exact amounts of the American gold reserves on its website and says that there are 147,341,858,382 Troy Ounces in Fort Knox.

“I think if this administration is on an audit, that will be a good thing for everyone,” said Alamos Gold CEO John Mcclukey on CNBC’s “Squawk Box” on Thursday.

Treasury officials have confirmed that the gold is there at Fort Knox. Treasury Secretary Scott Bervent on Wednesday told a Wisconsin broadcaster That the treasury does an audit every year.

“All the gold is present and justified,” said Bessent

In response to a question from CNBC’s David Faber on “Squawk on the Street” about whether there is gold at Fort Knox, said former Minister of Finance Steven Mnuchin: “The gold was there when I visited it. I hope nobody moved it I am sure they didn’t do that. “

Bessent’s comments from earlier this month, to “generate income from the assets side of the American balance for the American people” also added to the recent speculation of investors that the American government should control its gold reserves and may be able to revise them. The current golden companies of the Ministry of Finance are priced $ 42 per ounce, A level that has been established by the law and has not been changed since 1973.

Spot applied on Thursday and reached a record high of $ 2,954.69 a ounce earlier in the session. That is Bullion’s Tenth Record High of the Year.