# Rand Paul Inspects Fort Knox Gold, Says Dollar’s 97% Collapse Since 1913 Is Behind America’s 'Affordability'… *Canonical page:* https://truthscore.com/source/7db0b290 *Machine twins:* https://truthscore.com/source/7db0b290.md · JSON at https://truthscore.com/api/v1 Publisher: Benzinga · published 2026-08-11 · read 2026-09-06 Original: https://www.benzinga.com/markets/macro-economic-events/26/08/61108939/rand-paul-inspects-fort-knox-gold-says-dollars-97-collapse-since-1913-is-behind-americas-affordability-crisis-the-real-point-is *A source is testimony, not proof. The document itself is never republished here.* ## Who is named (15) - [U.S. dollar](https://truthscore.com/entity/17f4151c) - [Elon Musk](https://truthscore.com/entity/1a724e65) - [Fort Knox gold reserves](https://truthscore.com/entity/2a124d32) - [Rand Paul](https://truthscore.com/entity/46ea1418) - [Scott Bessent](https://truthscore.com/entity/552d2ed5) - [JPMorgan Chase](https://truthscore.com/entity/57962160) - [Peter Schiff](https://truthscore.com/entity/61d7744c) - [gold certificates](https://truthscore.com/entity/7d2dc7e6) - [Benzinga](https://truthscore.com/entity/9336e2b5) - [Fort Knox](https://truthscore.com/entity/a71983fb) - [silver certificates](https://truthscore.com/entity/aa301f06) - [Federal Reserve](https://truthscore.com/entity/c152cd93) - [Jamie Dimon](https://truthscore.com/entity/c6917f50) - [Samantha Dart](https://truthscore.com/entity/dcc15343) - [Congress](https://truthscore.com/entity/e99c9d31) ## What it added - [Rand Paul toured Fort Knox to inspect the gold reserves on Monday.](https://truthscore.com/claim/988d553c) > Sen. Rand Paul (R-Ky.) toured Fort Knox to inspect the gold reserves on Monday - [Fort Knox holds approximately 147 million ounces of gold, which is half of the U.S. gold reserve.](https://truthscore.com/claim/0db0eded) > 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 - [The dollar has lost roughly 85% of its value since it left gold in 1971.](https://truthscore.com/claim/9594c6c2) > Since the dollar left gold in 1971, he says it has lost roughly 85% of its value - [The dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913.](https://truthscore.com/claim/1bfd84c3) > In another post, he pointed out that the dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913 - [$100 in 1913 equals $3,300 today.](https://truthscore.com/claim/9027cb35) > He equated $100 in 1913 to $3,300 today - [The loss is caused by Congress's unchecked spending and the Federal Reserve's money printing.](https://truthscore.com/claim/ba26d57a) > blaming this on Congress's unchecked spending and the Federal Reserve's money printing - [Paul linked today's affordability crisis to inflation, citing $2 trillion annual deficits.](https://truthscore.com/claim/b2596436) > Paul linked today’s affordability crisis to inflation, citing $2 trillion annual deficits - [A family making $50,000 with two kids that has not received a 25% raise in the last five years is falling behind.](https://truthscore.com/claim/891a6849) > A family making $50,000 with two kids that has not received a 25% raise in the last five years is falling behind - [The accurate word for the situation is inflation.](https://truthscore.com/claim/6dd632f1) > the accurate word is inflation," wrote Paul - [The gold is there, approximately 147 million ounces.](https://truthscore.com/claim/2f83926c) > Yes, the gold is there all (approximately) 147 million ounces - [In 1971 we severed the dollar from gold; since then the currency has lost roughly 85% of its value.](https://truthscore.com/claim/855ccfbf) > In 1971 we severed the dollar from gold. Since then the currency has lost roughly 85% of its value - [Peter Schiff criticized Scott Bessent for incorrectly suggesting that old gold and silver certificates remain redeemable for physical metal.](https://truthscore.com/claim/2559b813) > economist Peter Schiff criticized Treasury Secretary Scott Bessent for incorrectly suggesting that old gold and silver certificates remain redeemable for physical metal - [Gold certificate redemption ended in 1933 and silver certificate redemption ended in 1968.](https://truthscore.com/claim/2cb4ebba) > Schiff noted gold certificate redemption ended in 1933 and silver certificate redemption in 1968 - [Elon Musk suggested a live video walkthrough of the facility.](https://truthscore.com/claim/1aee93e4) > Musk even suggested a "live video walkthrough" of the facility - [Gold appears poised for a potential breakout after consolidating through July, with prices surging more than 2% intraday and approaching the key $4,200…](https://truthscore.com/claim/96d7b148) > 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 - [Samantha Dart cautions that risks remain.](https://truthscore.com/claim/f2bd36eb) > However, Goldman Sachs’ Samantha Dart cautions that risks remain - [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.](https://truthscore.com/claim/2f40b323) > 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 - [The JPMorgan Chase CEO said financial dominance is closely tied to national security, arguing that a strong economy and military are essential to maintaining…](https://truthscore.com/claim/693f3631) > 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 - [This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.](https://truthscore.com/claim/a3a4ad2e) > Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors ## What it cost Reading this document into the graph cost $0.01.