Tuesday, January 28, 2014

Ron Paul: On the Prospects for Gold

"I don't see gold so much in short-term because I see it in over a 100-year period," said Ron Paul to Talking Numbers. "Long-term, it will always go up so long as we have a Fed printing money. But, on the short-term, the traders have a lot to say about this. A correction like we just had last year – one year out of 13 – that's not a big correction. That doesn't destroy a so-called bull market."

"I think they're going to move to gold," said Dr. Paul. "Gold is going to be the safe haven which it's been for 6,000 years."

Dr. Paul's full comments are here:



8 comments:

  1. What's the point? He says the same thing all the time. Why is a 25% decline a "correction" if gold will always go up? He's just tossing a word salad and does not understand what's going on. Gold is correlated with the real interest rates. If the dollar falls rapidly, the fed and/or our trading partners will act and the real interest rate will go up and gold will go down. Gold is not a safe haven.

    What's with this 6000 year nonsense? Like the 6000 year old Earth?

    ReplyDelete
    Replies
    1. "Gold is correlated with the real interest rates."

      You keep making that claim. Prove it. Otherwise, you're a damn liar.

      Delete
    2. It does, but it's not causal.

      Delete
    3. ... how old do you think the Earth is?

      Delete
  2. Jerry Wolfgang's comments seem very similar to the troll "joe" over at Robert Murphy's site. Hmmm.

    ReplyDelete
    Replies
    1. Makes you wonder, doesn't it, Richie.

      There's a troll at EricPetersAutos goes by the nic of Clover that is similar too.

      Do they work for Bank of America?:

      http://www.infowars.com/video-mega-banks-caught-spying-on-anti-government-citizens/

      - PanarchistamericanHelot

      Delete
  3. Ahahahahaha, JW thinks he knows.

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  4. people should listen. now is the time to buy gold. but people will put their faith in a crypto-currency like shitcoins instead of something that has stood the test of time.

    ReplyDelete