For over half a century Fort Knox, KY has been the supposed home to the country’s gold supply. And just a few days ago Senate Majority Leader Mitch McConnell met up with Trump’s Treasury Secretary Steve Mnuchin for a unannounced visit to check out the depository.
And as we noted a day ago here in an article, Mnuchin never actually verified that all the gold was at Fort Knox, but instead he simply made a cryptic remark that our gold was ‘safe’.
With Congress out on summer recess right now, it is understandable that lawmakers from Kentucky might join up with Secretary Mnuchin on this relatively historic visit to Fort Know, especially since no head of the nation’s financial division had done so in over 60 years.
However the real question that has to be asked is why the other Kentucky Senator Rand Paul wasn’t invited, or didn’t attend, seeing as he has long been outspoken on the validity of our gold supply, and in the central bank’s control over it.
Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it’s “a possibility” that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.
The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.
“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.
“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?
“I think it is a possibility,” Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed. – The Hill
Too bad Mnuchin and McConnell weren’t both from the state of Missouri, because if that were the case perhaps they would ‘Show Me’ and the rest of America, some of that gold.
Source: The Daily Economist