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Ron Paul questions whether there's gold at Fort Knox, NY Fed

 
Anonymous Coward
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08/30/2010 01:48 PM
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Ron Paul questions whether there's gold at Fort Knox, NY Fed
Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.

Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?

[link to thehill.com]
Anonymous Coward
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08/30/2010 03:23 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
bump
Anonymous Coward
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08/30/2010 03:25 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
So is the idea that there was never any gold in Fort Knox, or they got rid of it? Where would it have gone?
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08/30/2010 03:25 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
bump

Ron Paul

Eternally pragmatic

You gotta love the guy for his consistency and bravery
WizzleDizzle

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08/30/2010 03:27 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
bump

Ron Paul

Eternally pragmatic

You gotta love the guy for his consistency and bravery
 Quoting: Anonymous Coward 919411

I'd like a counting.... the federal reserve is a terrible system that consistently screws us over.

bump
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Anonymous Coward
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08/30/2010 06:11 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
count the gold
Anonymous Coward
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08/30/2010 06:13 PM
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Re: Ron Paul questions whether there's gold at Fort Knox, NY Fed
dumb thread.

when i was a kid i knew that fort knox didn't keep the gold anymore. there's no gold standard so no need.

it became a museum and fake gold bars are stored there for show. they aren't real gold, just gold plated cheap metal.





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