Ron Paul worries if Fort Knox gold is really there

With the price of gold at record highs, presidential candidate Rep. Ron Paul wants to make sure the U.S. gold bars at Fort Knox are really there.

Paul called a congressional hearing last Thursday to askl federal officials about his bill to audit and inventory all of the gold reserves at Fort Knox, Ky., West Point, N.Y., and Denver. Eventhough Treasury officials insist that the gold is audited annually and is all there.

"The Fed is pretty secret, you know," said Paul. "Congress doesn't have much say on what's going on over there. They do a lot of hiding."

"This is one of the few legitimate functions of government: To check our ownership and be fiscally responsible and find out just what we own and whether it's really there," said Paul, who is among those running for the Republican presidential nomination.

Ron Paul, a Texas Republican will be running for president at the next elections and states the U.S.A. monetary system needs to be converted to a gold-base-standard.