Former Congressman Ron Paul joins Jeremy Szafron on Kitco News to discuss the Treasury's expanded bond buybacks, who should actually own the gold in Fort Knox, and why he says the affordability debate is really a debate about the value of the dollar.
Dr. Paul explains why he wonders whether the current buyback program could become another round of quantitative easing, why he considers government equity stakes in private companies a form of corporatism, and what his grandmother told him about war and money when he was a boy during the Second World War.
He also revisits the 42 years when Americans were not permitted to own gold, why he says a restored gold standard would fail without deeper reform, what would make him sell his own gold, and the night in 1971 he watched Nixon close the gold window.
Recorded Sept 9 2026
Follow Jeremy Szafron on Twitter: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Ron Paul on Twitter: @RonPaul (https://twitter.com/RonPaul)
Chapters
00:00 "The people don't start the wars, the governments do"
00:40 The Treasury just tripled its bond buyback to $6 billion
01:17 Could this turn into QE again
03:11 Cause chaos so people beg to be saved
05:00 When the government becomes the market
08:30 The railroad that refused the money
11:59 Fort Knox, and who should own the gold
14:00 Probably the biggest bubble in history
18:14 He can teach a 12-year-old money faster than the Chamber of Commerce
20:43 What actually replaces the Fed on Monday morning
23:18 How a conflict in the Gulf reaches your mortgage
25:00 His grandmother and the German inflation
29:30 The biggest welfare recipient in America
31:00 It isn't affordability, it's the value of your money
32:30 The crackup boom
34:30 Borrowing from retirement to buy a house
36:12 Why Texas making gold legal tender matters
37:30 The 42 years Americans couldn't own gold
39:14 What would make Ron Paul sell his gold
40:52 The night in 1971 that changed everything
42:00 Driving to Houston to hear Mises
44:01 What he still wants to see happen
#RonPaul #Gold #FederalReserve
__________________________________________________________________
Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.
FOLLOW US:
X: https://x.com/kitconewsnow
Instagram: https://www.instagram.com/kitconews
Facebook: https://www.facebook.com/KitcoNews
LinkedIn: https://www.linkedin.com/company/kitconews
Listen to the PODCAST on
🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof
🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233
🎧 All podcast episodes available here → https://kitconews.buzzsprout.com
Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.
Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
