Are the gold bars at Fort Knox really made of precious metal? Or has the US government secretly sold the nation's gold reserves and replaced them with gold-colored metal bars? Republican Ron Paul from Texas wants to find out.
Based on a conspiracy theory based on information on the Internet that there is fake gold in Fort Knox, Ron Paul approached authorized officials in this regard with a request to audit the purity of the 700,000 national gold bars that are stored at Fort Knox. TV channel CNBC.
Republican Ron Paul, a US presidential candidate and chairman of the US Congress Subcommittee on Monetary Policy, has previously asked the Federal Reserve System (FRS) to recalculate the US gold reserve and called for a return to the gold standard. Now he has taken the next step and invited representatives of the US Treasury and the US Mint to speak at the hearing of his subcommittee on June 23, 2011, to testify about the authenticity of the national gold.
According to the Treasury document, an audit of Fort Knox will cost $ 15 million, and the process of determining the authenticity of each gold bar will take 30 minutes. To conduct such an audit, 400 people will be required, who must work for 6 months. The US Mint is audited every year. The last time it was in September 2010.
If you enter the phrase "fake Fort Knox gold" into a Google search engine, you will see 623,000 search results. Most of them cite the only and unconfirmed 2009 report that China received a shipment of gold, which turned out to be tungsten.
Another conspiracy theory says that no one has actually seen Fort Knox gold since the 1930s. In September 2010, Ron Paul received a letter from the Treasury inspector, in which he claimed that he "personally checked the gold reserves, which are stored in underground storage facilities."
CNBC requested to film Fort Knox and show US gold reserves, as the only filming dates back to 1974. A Mint spokesman said he does not remember seeing anyone in Congress inspecting Fort Knox since. Fort Knox is a "closed institution," the official added.
So, the conspiracy theory hasn't been revealed.
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