Senator Rand Paul (KY) went to Fort Knox in northern Kentucky on Monday to inspect America’s gold.
According to the US Mint, the last full audit of America’s gold reserves stored at Fort Knox took place in 1953. There was a partial audit in 1974.
Over the decades, rumors have swirled that the gold stored at the US Bullion Depository was swapped out with gold-plated tungsten.
Rand Paul went underground at Fort Knox on Monday to ‘inspect’ the gold.
“I’m at Fort Knox. We’ve come to see the gold. Our country has about 147 million ounces of gold, and about half of it is stored here at Fort Knox,” Paul said.
“We’re going to be going deep underground to see the gold, but more importantly, we’re going to be talking about what happened to the dollar when we separated from gold in 1971. Over 85 percent of the value of the dollar has been lost since we de-linked from gold,” he added.
“So there is a problem. The media now calls this affordability, but what it really is is inflation.”
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