Rand Paul Inspects Fort Knox Gold, Says Dollar’s 97% Collapse Since 1913 Is Behind America’s 'Affordabili

Sen.

Rand Paul (R-Ky.) toured Fort Knox to inspect the gold reserves on Monday, voicing concerns over the diminishing purchasing power of the dollar.

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, but argued its deeper lesson is monetary.

Since the dollar left gold in 1971, he says it has lost roughly 85% of its value.

In another post, he pointed out that the dollar has lost 97% of its purchasing power since the Federal Reserve was established in 1913.