Trump pushes for a gold audit at Fort Knox: impact on the markets

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The president Donald Trump has confirmed a plan to conduct an audit of the gold reserves at Fort Knox, an event that has not occurred since 1974. The announcement has already shaken the financial markets, fueling speculation and bets on prediction platforms.

Let’s see all the details in this article. 

Trump orders an audit on Fort Knox: what does it mean for the economy and the markets?

The possibility of an audit on the gold reserves of Fort Knox is gaining more and more attention.

This is because the President of the United States, Donald Trump, has publicly declared the intention of his administration to verify the quantity and integrity of the gold stored in the famous vault.

The last revision of these reserves dates back to 1974, and the news immediately sparked speculation in the financial markets and within the investor communities.

According to the data from Polymarket, a betting platform based on criptovalute, the odds of an audit before May 2025 have soared over 70%, marking a clear signal of the attention this matter is attracting.

Trump spoke about the audit of Fort Knox during a flight to Washington on February 19, 2025, confirming that his administration intends to verify the state of the nation’s gold reserves.

“We will go to Fort Knox to ensure that the gold is there,” declared the president, referring to a request initially raised by the libertarian financial blog ZeroHedge, later supported by Senator Rand Paul and Tesla CEO, Elon Musk.

Even though Trump did not specify the reason behind the decision, his statements suggest a certain degree of concern about the transparency and the actual availability of the government’s gold reserves.

“If the gold is not there, we will be very angry,” added Trump, implying the importance of the issue for his administration.

Effects on the markets and reactions of the financial community

The announcement immediately triggered a strong reaction in the financial betting markets. In addition to Polymarket, the Kalshi platform is also preparing the launch of markets related to the issue, allowing investors to bet on the outcome of the audit.

Currently, the forecasts on Polymarket indicate:

• 64% probability that the audit will take place before May 2025 (up from 55% the previous day).
• 17% probability that the audit reveals missing reserves.

Uncertainty has also affected the gold and cryptocurrency market. Many analysts believe that an audit of Fort Knox could enhance the appeal of Bitcoin compared to gold. 

Bitcoin, in fact, is a completely traceable and verifiable resource in real time, unlike physical gold reserves that require periodic verifications.

The news had a significant impact on the cryptocurrency community, where the transparency of the blockchain is seen as an advantage compared to physical gold reserves.

Many industry experts argue that an audit of Fort Knox could highlight the difficulties in the management and verification of physical assets, reinforcing the idea that digital currencies offer a more secure and transparent solution.

This theory is supported by numerous traders and investors who see Bitcoin as the new digital gold, immune to manipulations and always accessible for public verification.

What happens now?

The announcement by Trump marks an important change in the economic policy of the United States. If the audit were to confirm the presence of all the declared gold, it could strengthen confidence in the financial stability of the country. 

However, if discrepancies were to emerge, the impact could be disastrous for the global markets.

The analysts are closely monitoring the developments, as the implications of a failed audit could result in a loss of confidence in the US reserves and a rush to safe-haven assets like Bitcoin and other cryptocurrencies.

Furthermore, the attention of the financial community on Polymarket and Kalshi demonstrates how blockchain technology is transforming the way financial information is processed and exchanged.