Rand Paul Inspects Fort Knox Gold, Says Dollar’s 97% Collapse Since 1913 Is Behind America’s 'Affordability'…
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Rand Paul toured Fort Knox to inspect the gold reserves on Monday.
Sen. Rand Paul (R-Ky.) toured Fort Knox to inspect the gold reserves on Monday
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Fort Knox holds approximately 147 million ounces of gold, which is half of the U.S. gold reserve.
Paul, in a post on Monday, stated that Fort Knox holds approximately 147 million ounces of gold, which is half of the U.S. gold reserve
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The dollar has lost roughly 85% of its value since it left gold in 1971.
Since the dollar left gold in 1971, he says it has lost roughly 85% of its value
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The dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913.
In another post, he pointed out that the dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913
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$100 in 1913 equals $3,300 today.
He equated $100 in 1913 to $3,300 today
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The loss is caused by Congress's unchecked spending and the Federal Reserve's money printing.
blaming this on Congress's unchecked spending and the Federal Reserve's money printing
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Paul linked today's affordability crisis to inflation, citing $2 trillion annual deficits.
Paul linked today’s affordability crisis to inflation, citing $2 trillion annual deficits
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A family making $50,000 with two kids that has not received a 25% raise in the last five years is falling behind
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The accurate word for the situation is inflation.
the accurate word is inflation," wrote Paul
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The gold is there, approximately 147 million ounces.
Yes, the gold is there all (approximately) 147 million ounces
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In 1971 we severed the dollar from gold; since then the currency has lost roughly 85% of its value.
In 1971 we severed the dollar from gold. Since then the currency has lost roughly 85% of its value
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economist Peter Schiff criticized Treasury Secretary Scott Bessent for incorrectly suggesting that old gold and silver certificates remain redeemable for physical metal
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Gold certificate redemption ended in 1933 and silver certificate redemption ended in 1968.
Schiff noted gold certificate redemption ended in 1933 and silver certificate redemption in 1968
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Elon Musk suggested a live video walkthrough of the facility.
Musk even suggested a "live video walkthrough" of the facility
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Gold appears poised for a potential breakout after consolidating through July, with prices surging more than 2% intraday and approaching the key $4,200 resistance level
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Samantha Dart cautions that risks remain.
However, Goldman Sachs’ Samantha Dart cautions that risks remain
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Jamie Dimon warned that the U.S. could lose the dollar’s reserve-currency status if it falls behind in economic and military strength over the next 25 years
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The JPMorgan Chase (NYSE:JPM) CEO said financial dominance is closely tied to national security, arguing that a strong economy and military are essential to maintaining U.S. global influence and deterring threats
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