Rep. Thomas Massie Introduces US Gold Reserves Audit Bill

The US government says it has about 261 million troy ounces of gold in its gold reserves.

Rep. Thomas Massie (R-KY) introduced the Gold Reserve Transparency Act (HR 3795 ) The bill requires the Comptroller General to “contract with a qualified, independent, third -party, external auditor to conduct and complete a full assay, inventory, and audit of all gold reserves” within nine months of the bill becoming law and every five years thereafter.