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Ron Paul asks if there's gold in Fort Knox
By Nicolas Flamel
Published March 30, 2012
332 words - Reading Time: 0 - 1 minutes
(5 votes, 5/5), 1 Comment Print Article
Article Comments Rating Also by Nicolas Flamel
Related keywords: Fort Knox - Gold reserves -
Ron Paul recently announced he would do next year a new application audit of gold reserves from the Fed.
Paul, longtime critic of the Federal Reserve and monetary policy of the United States, considers the possibility that there are no more gold in the vaults of Fort Knox or the Federal Reserve in New York. He feels the need to perform an audit to determine how much gold is actually held in the vaults, in the event that the U.S. would have to be used to support the dollar.
In an interview held last week with Kitco News, Ron Paul said: 'if gold was actually where he is supposed to be, they would endeavor to prove as soon as possible'. In addition, 'our Federal Reserve does not want to admit, and should be forced to prove the presence of this gold. There are many reasons to be suspicious. If you have nothing to hide, why you démèneriez you avoid an audit? '.
'I think it's a possibility,' said Ron Paul, and when I asked him the question on rumors or fiction regarding the lack of gold in the vaults of Fort Knox and the Fed.
Paul is one of the Republicans have called for the audit of the Fed as a component of a new Wall Street reform was approved last year by Congress. This request has prompted Paul to partner with a number of Democrats to ask the Fed to deliver up its balance sheets and to annotate the details about its assets and liabilities.
Gold reserves that the bill seeks to audit Paul represents what should be the guarantee of the currency of the United States. In 1972, the U.S. withdrew the dollar features that bound to gold.
Paul has recently ceased to advocate a return to the gold standard, and suggested the circulation of gold and silver coins in parallel to the dollar.
By Nicolas Flamel
Published March 30, 2012
332 words - Reading Time: 0 - 1 minutes
(5 votes, 5/5), 1 Comment Print Article
Article Comments Rating Also by Nicolas Flamel
Related keywords: Fort Knox - Gold reserves -
Ron Paul recently announced he would do next year a new application audit of gold reserves from the Fed.
Paul, longtime critic of the Federal Reserve and monetary policy of the United States, considers the possibility that there are no more gold in the vaults of Fort Knox or the Federal Reserve in New York. He feels the need to perform an audit to determine how much gold is actually held in the vaults, in the event that the U.S. would have to be used to support the dollar.
In an interview held last week with Kitco News, Ron Paul said: 'if gold was actually where he is supposed to be, they would endeavor to prove as soon as possible'. In addition, 'our Federal Reserve does not want to admit, and should be forced to prove the presence of this gold. There are many reasons to be suspicious. If you have nothing to hide, why you démèneriez you avoid an audit? '.
'I think it's a possibility,' said Ron Paul, and when I asked him the question on rumors or fiction regarding the lack of gold in the vaults of Fort Knox and the Fed.
Paul is one of the Republicans have called for the audit of the Fed as a component of a new Wall Street reform was approved last year by Congress. This request has prompted Paul to partner with a number of Democrats to ask the Fed to deliver up its balance sheets and to annotate the details about its assets and liabilities.
Gold reserves that the bill seeks to audit Paul represents what should be the guarantee of the currency of the United States. In 1972, the U.S. withdrew the dollar features that bound to gold.
Paul has recently ceased to advocate a return to the gold standard, and suggested the circulation of gold and silver coins in parallel to the dollar.
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