Senator Rand Paul inspects Fort Knox gold supply

Fort Knox Rand Paul gold reserve U.S. dollar inflation

U.S. Senator Rand Paul visited the Fort Knox United States Bullion Depository to inspect the nation's gold supply. Paul stated that the country holds approximately 147 million ounces of gold, with about half of that amount stored at the Fort Knox facility.

During his visit, Paul advocated for a full audit of the facility, noting that the last comprehensive overviews occurred in 1953 and a partial one in 1974. He used the visit to highlight concerns regarding the devaluation of the U.S. dollar, asserting that the currency has lost roughly 85% of its value since the United States severed the link between the dollar and gold in 1971.

Paul also attributed rising inflation and price increases to deficit spending and the Federal Reserve's role in creating money to cover national debt. He noted that prices have risen by 25% over the last five years.

Entities

Federal Reserve · Fort Knox · Rand Paul · U.S. Senate · United States Bullion Depository

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Approximately half of the nation's gold supply is stored at Fort Knox. opslens.com · wltreport.com · www.wnd.com
[● 2 SOURCES] Prices have increased by 25% over the last five years. opslens.com · www.wnd.com
[○ 1 SOURCE] The dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913. wltreport.com
[● 3 SOURCES] The U.S. dollar has lost roughly 85% of its value since being severed from the gold standard in 1971. opslens.com · wltreport.com · www.wnd.com
[● 2 SOURCES] Senator Rand Paul is seeking a full audit of the Fort Knox facility. opslens.com · www.wnd.com
[● 3 SOURCES] The United States holds approximately 147 million ounces of gold. opslens.com · wltreport.com · www.wnd.com