[Editor’s Note: In 2011, Congressman Ron Paul sponsored legislation to audit the gold reserves of the United States and publish the results of that audit for public scrutiny. Thanks to opposition from the usual opponents of transparency and decent monetary policy in both parties, the bill was never passed. Below is the text of Congressman Paul’s opening statement on the legislation at the House Subcommittee on Domestic Monetary Policy and Technology. Paul was chairman of the committee. Paul notes that, at the time, the US gold reserves had not been audited in any form in 25 years. That was 2011, and no audit has been conducted since then meaning it has now been nearly 40 years since there has been even a partial audit of the gold reserves. Read the full record of the committee hearing.]
INVESTIGATING THE GOLD: H.R. 1495, THE GOLD RESERVE TRANSPARENCY ACT OF 2011 AND THE OVERSIGHT OF UNITED STATES GOLD HOLDINGS
These are the minutes of the committee and Ron Paul’s opening statement to get the above act on the road to passing, which it didn’t. So, we arrive at this point where DOGE, with the assistance and presence of the President will do just that; audit the gold in Fort Knox. But, this is not adequate at all because it is known that the Federal Reserve Bank and JPMorgan are or may be holding more of OUR gold. They have to be audited, too. This has to happen before any updating in prices can happen. We also have to find out about that dastardly rehypothification that may be going on. Let’s do it!!! FTS