Ron Paul bets against U.S. economy
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No wonder Ron Paul talks down
the U.S. Dollar and the Federal Reserve
he’s heavily invested in gold
GOP presidential candidate, Ron Paul does not have a horse in the race to stabilize the U.S. economy but he does stand to make a bundle if it fails. For years Congressman Ron Paul has been talking down the U.S. monetary system and has vowed that if he became president of the United States he would abolish the Federal Reserve and put the U.S. back on the gold standard.
It’s a bit naughty when a politician has a financial stake in one of his pet causes, in this respect Ron Paul is no different to all his scallywag colleagues. Although he is projected as being a maverick and out of step with mainstream GOP thinking, he is a true disciple of the self-interest building blocks upon which the current Congress is built.
Ron Paul stands to get richer if the country fails, Ayn Rand would be so proud.
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In a technical sense both Kelly and Uncle Miltie are right, but then again they are wrong. Investing in precious metals has always been a conservative backup in case the world goes all to hell. But Ron Paul’s quest to put us back on the gold standard is a pipe dream that will not, and cannot ever become a reality anymore than doing away with FEMA or the EPA can become a reality. Those who have been buying gold for years and hoarding it are loving this, and the advertising has really helped upping the prices on it. They have people right where they want them now because they can pay low prices for other people’s gold, i.e., the less fortunate who have family keepsakes, and keep their prices high. The problem is that Ron Paul, his Tea Bagger son, and their gang are not going to be able to suppress the economy much longer. When the economy starts to come back you will see the price of gold start back down to a reasonable level. The only question will be will those holding gold bail at the right time.
I realize that I may be among the few that may be optimistic about the economy right now, but we have seem worse times and recovered and we will this time. Right now it is not so much of an economic problem as it is a political and ideological problem. When the summer break is over the Republicans will have a choice. They can either cowtow to their base and continue to suppress the economy with their slash and burn strategy, or they can negotiate and work with the President to try to make progress on the jobs issue. If they try the former, they can kiss any chance of winning the presidency goodby because they will loose all the independents. If they choose the latter, well let’s just say that those running for the Republican nomination will still be bowing to their base and will give Obama plenty of ammunition to beat them with in the general election. Thus, they will probably lose it anyway. But, those in congress who want to stay around may have a chance of retaining their seats if there isn’t another showdown like the debt ceiling deadline.
The market for gold has been pushed extremely hard. The advertising machine and negative comments about the economy to push gold are endless and actually dangerous for the economy.
Investment and R%D are the key to growth. Not hiding in gold which will fall like a rock once the ad campaign for it stops.
Lots of people are in gold, not because they are smart investors, but because they are scared, fear fueled by people like Ron Paul and Glenn Beck. There will be plenty of tears shed when it falls.
Give me a break. Ron Paul invests in gold because he puts his money where his mouth is. He does this because it is a smart investment, not because he is a true disciple in self-interest.
He has been urging Americans to focus on investing in gold for DECADES because he knew the country was headed to financial destruction.
He is not like other members of Congress because they are indebted to banks and energy companies. Ron Paul is betting on gold – a precious metal – to increase in value as the dollar declines. He has been doing this since the 1960s!
Ron Paul is simply smart, probably smarter than you, I imagine.
RON PAUL FOR PRESIDENT!
Hi Kelly – You are surely right about Ron Paul being smarter than me, most people are, but a redeeming feature for me is I don’t think Ron Paul has a chance of being elected president.
How many Americans have the wherewithal to invest heavily in gold? How many have a good job and a bit of money saved? How many Americans live from paycheck to paycheck with a heftry debt load to feed? Ron Paul’s idea of the best thing to do as Chief Custodian of the highest office of Public Service, the #1 elected representative of, by, and for the people is f- ahem, screw- everyone who doesn’t have a pot of gold. What a great people’s champion. He should win the golden prick award.