Ron Paul: The People Ought To Own The Gold, Not The Government 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. > Watch the full interview at Kitco 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 ( / jeremyszafron ) Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow ) Follow Ron Paul on Twitter: @RonPaul ( / 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