08/18/2010 – www.RonPaul.com – http Ron Paul talks to Chris Waltzek on GoldSeek Radio. Topics of discussion include the Financial Reform Bill, competing currencies, the gold price, and 2012. — Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: www.RonPaul.com http www.CampaignForLiberty.com http www.DailyPaul.com http
@universalmusac But you can bet the wealthy are going to be shorting all day when the next crash hits, just like they did in 2008. Did you know that gold was up to $800 an ounce in the 70s? You can bet people bought in at $800, in fact those are the people that are encouraging you to buy now, so they can turn their potential losses into small gains!
@njThaze Gold is being used less and less in newer electronics, the primary use is jewelry and hoarding. But invest in gold if you want to, at least we can agree than Ron Paul is one of the only decent politicians in the US.
@universalmusac You’re right about it not being an immediate necessity, but it functions extremely well as a store of value because it’s hard to inflate. It’s good for protecting your capital. In a hyperinflationary scenario, paper would lose all it’s value. Gold wouldn’t.
Don’t think you understand WHY gold is always valued in society..Just like silver. Because it’s LIMITED. Paper money (causing inflation).. You very obviously don’t understand the value of gold versus fiat money. You said gold would be 30/ounce.. No, gold value doesn’t have to increase in these times, because the DOLLAR actually decreases, it’s feasible that you could have 1,200 Oz gold, then the next year it’s 1,500 oz gold but still be WORTH less on the market because dollar value decreases
@Clyaton I thought it was just pretty and shiny. No, I do understand why gold has a high value…. because people value it. There is a high demand for gold but there are plenty of gold mines in operation, in 2005 there was a known gold surplus. But people keep thinking its valuable so they demand it… for now. Eventually it will go back down in value and the people that bought into the charade the latest will lose the most.
@katey1dog Gold is not money, gold is gold. Think you can use a bullion to pay for a product or service right now? Gold is an arbitrary metal that historically people have applied significance to.
@RichKnight2010 Ron Paul is not perfect and his comprehension of economics is arguable. His political opinions are refreshing though.
@HuggumsMcgehee Gold would lose its value, if you had the choice between eating and having gold, which would you choose? There will always be manufacturing applications and some people will always need to have the status items. But when demand goes down because the common man just wants to survive (in a hyper inflation situation) demand for gold will plummet.
PLEASE RUN FOR PRESIDENT IN 2012
you have my vote!
@universalmusac
Dude, I used to think the EXACT same way. I convinced myself that it was just another element on the Periodic Table. But it is one of the most unique metals known to Earth. Unique in the fact that it does NOT corrode or biodegrade. It’s industrial value is virtually UNPARALLEL.
And for those reasons, gold, silver, and platinum must be the basis and the BACKING of all paper currency.
@ZullGostnu2
Freemasons are not a “secret society.” They’re everywhere. I’ve got Maonic Temple in town that I could just walk into. Any agency that openly advertises like the Masons can’t be all that secretive.
@katey1dog Ok, but is he a freemason? Does anyone know this, yes or no? I don’t care about freemason apologists.
@HuggumsMcgehee Ok, but is he a freemason? Does anyone know this, yes or no? I don’t care about freemason apologists.
@ZullGostnu2
Apologist? What have they done to warrant an apology to who or whom?
@universalmusac The value of gold doesn’t change. Sure it fluctuates in fiat currency, but it’s not gold that’s fluctuating it’s the currency. Here is an example: in the early 1900s an ounce of gold could buy you a pretty nice suit (US equivalent would be roughly $20-35). Today, a pretty good suit would still cost you 1oz of gold – or $1200 USD. The value of gold hasn’t changed but look at the difference in nominal currency.
To better understand gold you should understand currency.
@Unkn0wnGuy Check out some of these clips, be sure to keep an open mind and keep watching them until you understand. I’m not sure how to put links here so I’ll put the end of the url:
1. watch?v=nNtIsSWVJBI
This next move is a must for everyone to see. Do a search on youtube for “Money as Debt”. It’s a cartoon but it really illustrates how currency actually works… you will be astonished.
Invest in life. You ego is nothing if it is not connected to life. Gold, papers with numbers … whatever, if you think about it it is really worthless. Life is the value.
I keep hearing THEY! WHO IS THEY????? I would like to HEAR a NAME….S
Happy Birthday to Ron Paul!!! My dear best politician in my life!
@katey1dog You are apologizing saying the freemason are not a secret society. Do you really know what goes on in their meetings? Besides I am asking if Ron Paul is a freemason.
I think freemason are responsible for the problems in the US.
Ron Paul 2012
LibertyPoet
website
Its going to lead to tracking of….o wait. You mean they watch everything you do anyway? Ohhh thats right.
Out with the old politics and in with the new.
THE PEOPLE WANT HELP!
And i love my guns…also gold is not in shortage. They just hoarded it all for themselves.
@BlackAdderLXX That’s because he’s not a “politician”, he’s a doctor that is an elected congressman.
Search google for :
ECB 7 August 2009 Joint Statement on Gold
European Central Bank
…….. Read point No. 1 ………
1. Gold remains an important element of global monetary reserves.
What he talks is making sense.
Could you imagine Bush or Obama giving a real opinion on anything like this guy does? Ron Paul FTW!