Ron Paul wants full transparency when it comes to American gold reserves. In response to legislation seeking to verify the existence of U.S. gold reserves and the accuracy of records accounting for those reserves, the U.S. House Financial Services Subcommittee on Domestic Monetary Policy and Technology held a hearing last week entitled: "Investigating the Gold: H.R. 1495, the Gold Reserve Transparency Act of 2011 and the Oversight of United States Gold Holdings." The subcommittee is chaired by Congressman Ron Paul of Texas, who also happens to be the individual who introduced the legislation [...]
Congressman Ron Paul of Texas has scheduled a hearing Thursday on legislation he introduced that would direct the Secretary of the Treasury to conduct an assay, inventory, and audit of all U.S. gold reserves -- much of which is held within United States Mint facilities, including an analysis of the measures taken for their security.
"The Treasury Department has been less than transparent with the results of its gold audits. It is asking the American people to trust that all the gold is there, while not allowing site visits and not publishing all the data it holds on its audits and assays," Paul said [...]