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« Tungsten Plated Gold Bars - Bob Chapman Implicates Robert Rubin & Larry Summers | Main | Matt Taibbi Eviscerates Henry Paulson And The WSJ's Evan Newmark »
Saturday
Oct012011

Ron Paul: Audit The Gold At Fort Knox! (Monetary Policy Subcommittee: Video)

Ron Paul's opening statement.  Much more below.

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Rep. Leutkemeyer questions The Honorable Eric M. Thorson Inspector General, Department of the Treasury, regarding gold holdings pledged to the IMF.

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Rep. Paul questions The Honorable Eric M. Thorson Inspector General, Department of the Treasury, regarding gold holdings pledged to the IMF.

 

Link to full hearing:

http://www.youtube.com/watch?v=Zo4b8ZPlzrw

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Source - CNBC

Are the gold bars in Fort Knox really made of the precious metal?  Or has the government secretly sold off the stockpile and replaced it with tungsten bars that are painted gold?

Ron Paul wants to find out.

Giving legitimacy to aconspiracy theory that the gold in Fort Knox is fake, the iconoclast Republican congressman from Texas has asked adminstration officials to audit the purity of the nation's 700,000 gold bars held in Fort Knox, according to an internal Treasury document obtained by CNBC. Paul, a presidential candidate who chairs the House subcommittee on Domestic Monetary Policy, had previously called for the U.S. gold reserve to be counted and for a return to the gold standard. He now appears to be going a step further in his request that representatives from the U.S. Treasury Department and the U.S. Mint testify at a subcommittee hearing on June 23 about the authenticity of the nation's gold.

As a postscript to the story, CNBC asked for a tour of Fort Knox to film the gold, since our only footage of Fort Knox is from 1974. An official at the Mint told us that not he was not aware that any member of Congress had toured the facility since that year. Fort Knox is "a closed facility," the official said.

Continue reading...

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Further reading...

 

 

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Reader Comments (11)

These have too many numbers!

http://www.usfederalbailout.com/program_details

A little dated but more fun with numbers.

http://bankimplode.com/list/troubledbanks.htm
Jul 1, 2011 at 4:19 PM | Unregistered CommenterTR
Jul 1, 2011 at 4:49 PM | Registered CommenterDailyBail
Obama Administration Overrides 2009 Ogden Memo, Declares Open Season on Pot Shops in States Where Medical Marijuana Is Legal

http://reason.com/blog/2011/06/30/white-house-overrides-2009-mem
Jul 1, 2011 at 5:37 PM | Registered CommenterDailyBail
Unemployment: No Extended Benefits For People Laid Off From Now On

http://www.huffingtonpost.com/2011/06/30/unemployment-no-extended-benefits_n_887656.html
Jul 1, 2011 at 7:50 PM | Registered CommenterDailyBail
@ 11:15, I know he said statutory rate, why did my brain think statutory rape? Who is that dwarf? And why is he covering for the IMF for their theft of our precious metals?
Jul 1, 2011 at 8:58 PM | Unregistered CommenterSteven
The audit of The Fed would be nice.
The audit of the U.S. Treasury would be outstanding.

Question: Reported slush fund accounts at the Vatican Bank with most of the Congress, Obama's kids, Hillary's family, a billion dollars in the name of the Chief Judge of the Supreme Court Roberts, was funded by the U.S. Treasury. An audit of the Treasury would reveal if this is true or not.

I know the government is rogue top down, bottom up, and inside out. An audit of the U.S. Treasury would expose the traitors. Let's audit The U.S. Treasury.
Jul 2, 2011 at 3:32 PM | Unregistered Commenterbeijingyank
The US Fed is the biggest counterfeiter in the world--wouldn't surprise me at all if the US Treasury had gold plated tungsten bars in the vault. The only thing that would surprise me is the fact that even bothered with the pretense (vs empty vaults).

Unless of course they tried to pawn off the Tungsten bars to the Saudies for oil, and had them returned some time before 9/11/01.

The Americans I know don't deserve this government. As for the people in this country I DON'T know, I guess we're all going to get what THEY deserve.
Aug 4, 2011 at 3:12 PM | Unregistered CommenterWil Martindale
Leave Congress in disgrace? Collect one million dollars

http://news.yahoo.com/leave-congress-disgrace-collect-one-million-dollars-200710673.html

Ridiculous the politicians are as filthy as the fed!!!!
Aug 4, 2011 at 4:37 PM | Unregistered CommenterLiberatedCitizen
Ron Paul has to know their is no gold in Ft. Knox. If their were we are bound by law to sell it to the federal reserve for 40.00 per ounce. I believe the year was 1933 this law was enacted.
Aug 4, 2011 at 7:08 PM | Unregistered CommenterEcho
SHOW ME THE MONEY!!!!!!!!!!!!!!!.........AB
Oct 19, 2011 at 9:34 PM | Unregistered CommenterAin't Bullshittin'

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