Kitco News, Released on 4/3/25

Gold just broke above $3,100 an ounce — its strongest quarter since 1986. Fort Knox audit calls are trending. Inflation continues to hit savers hard. And Elon Musk’s government downsizing initiative, DOGE, faces sunset amid controversy. In this interview, Dr. Ron Paul, former Congressman, presidential candidate, and founder of the Ron Paul Institute, joins Jeremy Szafron, Anchor at Kitco News to break down what he sees as the collapse of America’s fiat system, the Federal Reserve’s role in “moral bankruptcy,” and why the U.S. dollar may be nearing its breaking point.

00:00 Introduction
00:58 Gold’s Surge and Economic Implications
05:34 Geopolitical Flashpoints: Iran and China
07:54 Economic Policies and Tariffs
12:07 Doge Experiment and Government Downsizing
17:19 Transparency and the Federal Reserve
23:42 Conclusion

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career and beyond. He is chairman of the FREE Foundation, founder of the Campaign for Liberty, and distinguished counselor to the Ludwig von Mises Institute. Dr. Paul recently started the Ron Paul Liberty Report, an online broadcast alternative to the mainstream media. Ron’s most recent novel is Swords into Plowshares.

  financial system, gold, market crash, sound money, tariffs