President Donald Trump announced that Elon Musk will inspect Fort Knox, the U.S. gold reserve depository, to ensure the gold is still present.

Treasury Secretary Scott Bessent confirmed that an annual audit is conducted, and all gold is accounted for.

Fort Knox, which has stored U.S. gold since 1937, also serves as the Army’s human resources command center and hosts its largest annual training event, CBS News has reported.

The gold holdings at Fort Knox total 147.3 million ounces, making up about half of the U.S. Treasury’s gold reserves.

Written by B.C. Begley