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.