Trump and Musk Are Focused on Gold — Does That Make It a Better Investment for You?

As precocious reported by The Wall Street Journal, Trump wants to “inspect Fort Knox,” the famed golden repository successful Kentucky. Scott Bessent, U.S. Treasury secretary, assured the public, via a Bloomberg broadcast dated Feb. 20, 2025, “We bash an audit each year. I tin archer the American radical … each the golden is there,” arsenic reported by The Wall Street Journal.

Around the aforesaid time, Musk, the president and main exertion serviceman of X, formerly Twitter, told quality sources, it “would beryllium awesome to livestream Fort Knox,” according to Fox Business. “It is really the golden of the American people, truthful the American people, it seems to me, person a close to spot their gold.”

Read Next: Trump Isn’t Ruling Out a Recession This Year — What Could That Mean for Your Wallet?

Check Out: 8 Common Mistakes Retirees Make With Their Social Security Checks

In 1943, President Franklin D. Roosevelt inspected the bars, according to a Wall Street Journal video. In 1974, legislature delegates and journalists entered the vault amid rumors that the golden was missing. (Spoiler alert: It was inactive there.)

In 2017, Treasury Secretary Steven Mnuchin, nether the archetypal Trump administration, besides inspected the vault.

But what bash investors person to summation — oregon suffer — with the attraction being placed connected our nation’s golden repository?

Experts GOBankingRates spoke with agreed that the existent absorption connected golden shouldn’t thrust prices up. But different factors can.

Collin Plume, laminitis and CEO of Noble Gold Investments and My Digital Money, called the involvement successful golden “a media play,” saying, “I don’t deliberation putting a spotlight connected golden successful this mode volition summation its value.”

“When high-profile figures similar Trump and Musk bring attraction to gold, it people sparks nationalist interest. However, the driving origin down gold’s meteoric emergence implicit the past fewer years is much profoundly rooted successful the dire conditions of the American economy,” said Jonathan Rose, CEO of BlockTrust IRA and Genesis Gold Group.

Noting that golden historically thrives successful times of economical uncertainty, ostentation and geopolitical instability, Rose said, “It’s looking similar a precise coagulated hedge.”

Explore More: Trump Wants To Replace Income Taxes With Tariffs: 2 Impacts connected the Middle Class

Experts said determination is virtually zero accidental that the vault volition beryllium empty. “That CANNOT happen,” Plume said. In this highly improbable hypothetical scenario, however, it would make a tremendous nonaccomplishment of assurance successful the U.S., Plume said.