On Wednesday, Trump told reporters: "We are going to Fort Knox to make sure the gold is indeed there." It is reported that Fort Knox, located in Kentucky, is a U.S. Army base where more than half of the U.S. Treasury's gold reserves are stored. In the 1930s, in order to make it less vulnerable to attack, the U.S. Treasury moved its gold from New York and Philadelphia to Fort Knox. The majority of the remaining gold bars are stored in facilities in Denver and West Point, New York. Previously, Musk had suggested on platform X that Fort Knox's gold reserves should be audited at least once a year.