Ron Paul says 'people ought to own the gold, not the government', doubts the accounting at Fort Knox is 'trustworthy'

In a recent interview with Kitco News , the former U.S. representative had some choice words about Treasury Secretary Scott Bessent's handling of the current bond crisis, which he sees as a reason everyone should stock up on gold ASAP.

Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one

Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP

The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

Back in August, the U.S. Treasury announced it would increase its buyback operations to $4 billion to try to stabilize yields. As CNBC reported, Treasury officials increased that number yet again to $6 billion in September. Despite all of these massive buybacks, yields for long-dated bonds like the 30-year remain at multi-year highs.

And Ron Paul fears these failed strategies are just the start.

As he told Kitco News, "It eventually won't work and they'll have to do a lot more because they will not be able to hide the shenanigans that go on in order to keep this machine of monetary embezzlement going."

These steep bond repurchase totals have also made Ron Paul question where all this money is coming from, suggesting this could lead to another round of quantitative easing (QE).