Texas Rep. Ron Paul is suggesting that the United States gold reserves may not be as strong as officials claim. He is calling for an independent audit of the gold held at Fort Knox and other vaults. The US moved away from the gold standard in the early 1970s. However, Paul said it is good to know what the United States holds just in case. The congressman is worried, and wan to be sure that the gold is still there and has not been secretly removed or loaned out.
Ron Paul warned that the Federal Reserve is setting the stage for a new depression by spending and printing too much money. This is not the first time the congressman has made his pitch. “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit,” said Paul. “I think there was only one decent audit done 50 years ago,” he said.
Watch the FoxBusiness interview with Ron Paul
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