Ron Paul on Gold: No One Knows Value; I'm Buying
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- Опубліковано 22 кві 2013
- April 23 (Bloomberg) -- Ron Paul, Former Congressman from Texas, discusses his views on gold, central banks, and the weakened Republican Party. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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Well, guess who was right about the future again.
*The forgotten and ignored Ron Paul*
I know. I actually got tears watching some of these old debate videos. We were so close and yet they committed poll fraud on us. Now it may very lead to a civil uprising and we never wanted that to happen. Could have prevented all of this today if he was able to get in.
satoshis invention will become the worlds reserve currency
@@MasculineFortitudeX doesn’t look like it right now
He said the price of gold was going to fall down (lower than 10 ounces for 1 DOW stock). It didn't. It's a decade now and his prediction was wrong and still remains wrong.
Watching this in 2022, also currently reading End the Fed. This video aged like fine wine!
Ron educating this lady on basic economics and inflation
i love this man, he is the best thing to happen to the country ever
He's one of them but we still have to appreciate the founders
@@KhaiYTCone of who
Ron Paul once again speaks with common sense and humility. Man I wish he was my President.
people are so stupid. I'd take 100$ of gold, silver, platinum, copper over a paper note anyday. one thing to is it's universal 100%
+Jed Farley precious metals will win over fiat currency every single time.
Your choice friend,but that 100dollars once used to be 3 ounces gold about 1500 dollars in today's dollars till 1971
Me?… I go for both gold, silver, & crypto!
I would agree with Ron because indeed nobody knows the exact value of gold.
actually they do. it's what the market price is for physical gold. not futures that is.
The value of gold never changes!
She sure is beautiful. But she has no idea what she is talking about.
4 months later....... Gold up 20%.
Ron and his son are the only sane politicians in the entire country. It is mind blowing.
Love Ron. Real issues and real information.
Vote for Ron Paul.
I was too young to properly appreciate this man when he ran for President. I am 38 now - and I am hanging on almost every word - are there slight areas of disagreement? Sure, BUT the crux of his message on VALUE of commodities is SPOT FUCKING ON!
The good people of America should listen to the venerable Ron Paul.
Fiat Dollars are consistently devalued
Gold consistently holding it's value
I love how humble his option is about Bitcoin.
How long does it take YOU to get delivery when you buy? And what do you think will happen to the holders of paper gold and silver (like GLD or SLV) when the physical metal prices rockets skyward?
amazing info Dr Paul.
hosts: there must be stability; RP: this is how a market works
I love watching ron, hes so passionate and real. not just a show or act
Dr Paul is the Man I admire his wisdom and honesty
Ron PAul is a wise voice in the wilderness of corruption and greed.
Im going to start investing and will be using the fundementals and the cost of silver as an adjuster but use a 90 day rolling average to smooth out the "price" of silver.
Ron Paul Schooled these rookies, who knows whether it sunk in. Ron Paul is the real deal.
I voted for this guy in 2008
You are 100% right on all points; well said.
People may call him a nut now but, i guarantee in 20yrs they will see his genius . On money. On the proper role of government and the constitution.
I love that man.
Everything Ron Paul says is just common sense, but so true.
It's refreshing to hear someone honest like Ron Paul, who doesn't change his views to pander to the public.
Yeah unlike Rand who is an apple that has fallen far far from the tree.
I love you Ron
Also, I love how everyone started calling the metal drop a "correction", yet not a single person who does so can cite a reasonable explaination for why such a massive drop occured.
It was not because of "weak chinese manufacturing data" and it was not because of "the fed considering tapering"... neither of these things can account for a nearly 20% drop.
So if it was a "correction" and not a manipulation of sorts, give me a cause? And why was physical demand so huge afterward?
what should be done?
Hard to believe that Ron is done for good if you listen to how passionately he describes his 2012 run at around the 10:30 mark.
I just wish the old man was 10 years younger. I really think he couldve made a huge impact in 2016.
I respect you Sir
Bloomberg Blondie: I've heard these things can be manipulated in the short term. But what about what's happening RIGHT NOW? SHOULD WE PANIC?!!
Bitcon is right, he called it bitcon. I don't get why it's priced more than gold, it's not tangible.
Look at how she smiled when she asked the first question "Are you concerned about this _drop_ in gold??" Lady... you have no idea how concerned I am, ABOUT STACKING MORE!!
I feel you Victor, he changed so many of us.
Don't understand why you are asking me this? I simply said Gold was down -13% YTD. Never said why. My guess is because the global economic outlook is turning positive so people are looking for better investments, i.e equities both home and abroad. People fled to Gold during the crisis because it is a commodity of historic value, thus demand goes up, price went up. Not to hard to figure out bruh.
The price fluctuates based on the value of the dollar, If the dollar is down it takes more of them to buy an ounce of gold, if the dollar is up it takes less of them to buy an ounce of gold, the value of gold it self is stable it's the currencies instability that fluctuates not the gold value.
Spread the message, Ron Paul is truth
So even making the dollar cost $$$. Is that correct? so are we in debt from the start from simply making the dollar?
6:49 Mr Paul says it like it is! :)
Amateurs error unfortunately GladiatorGT- Try reading Currency Wars by James Rickhards and you will get a better understanding of Gold and money and where you aught to be positioned and reasons why. Alternatively watch on UA-cam for some interviews of Jim Rickhards.
When people stop buying gold the price will go down. prices go up or down depending on the demand of the product. So people might have stopped buying for a while because the price was so high and money is tight. that temporary lack of demand can temporarily impact the product. so it goes down for a few weeks than shoots up when people start trying to grab it at it's lowest.
he was right about everything
Amen brother!
HONESTLY!
No... it's the deflation of the dollar that yields a lower cost per unit of Gold. Deflation preceeds hyperinflation. We are currently in that state. They are keeping the lid on things with QE and interest rates. Gold, similar to oil is primarily exchanged with U$D.
Please anyone explain Ron Paul about bitcoin ...
Ron Paul is the best, Peace AU Liberty
the real problem with paper money is it can be tempered in terms of power to buy. Support by the fact of inflation, it clearly state that money has become of less value because of it's shear replication done by the central banking system without real asset such as gold to backup the value. Obviously by pointing out the short period fall of gold value in comparison with the never ending decline of value of money shown as inflation is ridiculous. A lot of respect for Ron Paul btw!! ^U^.
$4.00 for 9oz hotwings, were 2 for $5 a year ago, no inflation here lol.
They got you eating animal parts. Do you honestly think bird wings are food? Humans are herbivores. If not then why aren't people eating the birds flying around or road kill.
To the first twenty people to that answer the following question:
Why is investing in gold of great benefit nowadays?
Trust Vault will waive the commission fee for buying any precious metals.
www.Trust Vault . com
Anyone who believes in infinite growth on a finite planet is either mad....or an economist....Paper money is like an IOU..it is the representation of resources, not the resource itself, keep printing IOUs and their value will decrease...Gold is the actual resource and as such cannot decrease in value....Money keeps getting printed, so the paper money to real gold ratio keeps increasing......The price of gold therefore MUST go up over the long term :D
coz its cheap. personally I am going nuts on silver. they didn't learn the heard lessons they should have learnt in the GFC, just stickytaped it up and moved on like a golddigger after a divorce. wait until there is a shakeup in china due to all the "ghost cities" they built and can't sell. and their "shadow banking system" goes and disappears (with certain people fleeing overseas with whatever cash is left) and leaves everyone high and dry. or the US debt crisis FINALLY reaches a head. or the euro debt crisis reaches a head. or britain leaves the EU. or BRICS releases its new currency. or the interest rate goes up and causes the derivatives market to tank (that's if things get BETTER). either way there is going to be hell to pay due to these bankers not REALLY fixing the problems. at THAT POINT I will be buying stuff from bankruptcy auctions at 5 cents on the dollar (already can get stuff there at 20-25 cents on the dollar and that's when people ARE buying) when the price of silver has gone up several fold. it will be great to be the only bidder at these bankruptcy auctions. I'll be there thinking "LOOKS WHO'S LAUGHING NOW BITCHES".
Gold and silver is the only real money. Constitution still states all monies SHALL be coined in gold and silver.
They have hood winked us with the federal reserve.
They are bank notes!
Do you know what a bank note is. ??? The bank notes I have is the debt I owe.
Your net worth in physical gold and silver is even protected in a bankruptcy.
Think about that !!!!!
and we are watching the same happening now a days after covid.
You don't seem to realize that any economic system, such as ours, has its time of highs and lows. Inflation is a good thing as it controls the costs/demand/supply of items in the market, but not without its negatives. Too high can make things very expensive, while too low make things worthless.
Just to point it out... it is in fact true that most standard measures of inflation have been changed in the last 5 years in various phases - mainly in regards to the proportionate impact of staple food and energy prices.
While the government has been in the market for well over 70 years, the extent and sophistication of their involvement has most certainly been increasing, again in various phases.
Both of these things are easily confirmed through research. Generalizing represents ignorance.
If oil went down to under $30, gold also can drop. Gold is equated with safety now, but deflation is setting in, so..... Not exactly safe.
I held on to my gold despite the minor drop in value and I'm not worried at all. Gold is a long term investment and it always rises in value over time. It's far more stable than the dollar or any other fiat currency for that matter. At least I know I won't actually lose money in the long term.
Game of Thrones:Season 2 before the battle of Blackwater - : Bronn asks Tyrion if he has ever been in a city under siege. He states that it starts when the thieves buy up all the available food. It ends with the rich ladies lining up to buy a crust of bread with their remaining jewels, gold and fine linen.The thieves become very rich men. Gold will always be the safety net. but lets not forget it is also easy for a corrupt government to legislate against personal possession as happened pre 1929
No. That's only if he tries to exchange it for paper.
He wrote about it in his book "End the Fed" He said FED has a slush fund used to manipulate the price.
Notice the Freudian slip, Where the Dr. Paul calls Bitcoin ---> BitCON
Gold has consistent buying power. Thousands of years of proven buying power. That says everything that needs to be.
Do you see any inflation now????
2022
Gold is the medium of exchange that has lasted throughout history. It is an excellent one because you can't make it like fiat currency -- the alchemists tried to do so in the middle ages -- and there is a limited, fixed amount of it on this planet.
When the printing presses print "money" it just postpones the inevitable -- a collapse of the US$ -- and that day those who hold gold and silver will be able to buy food.
Fantastic video
couple of points:
1) Gold had about a 30% correction in 2008 from about $1000 to $700 and it still finished the year positive and went on to make new highs.
2) The hosts act as if anyone who owns gold is stupid because it fell by 30%. In late 2008 and early 2009, the stock market fell over 50%. It's only now just marginally higher than it was in 2007 and not a whole lot higher than it was in 2000 either. By comparison over the last 5 or 10 years, gold wins hands down!
Keep stacking silver.
We got this.
Ron Paul said - Bit CON ...... buy silver its going cheap , BUY LOW to SELL HIGH
They'll CON your ass...
Ryan Patton Indeed and obviously..
Check the "bitcon" in 2020, lads:))
CORRECTION TO MY POST:
'in WHAT quantity it will be exchanged for any other item or service.
Ron Paul is such a badass
I'm SHOCKED to see a show under the name BLOOMBERG attacking Ron Paul and libertarian ideals.
SHOCKED I TELL YOU.
Ron Paul should be the American President, most Americans have been brain washed into their own demise.
You are not the only truth-speakers, there are lots out there. They just need to come out and post their opinion.
Gold is not the be all and end all of currency. I agree with Dr paul on a lot of things WRT to the FED etc, but I don't agree with returning to the gold standard.
The value of gold is really only one lay of abstraction above paper money (oh shiny stuff), the question that needs to be asked, with gold, if money does return to the gold standard, who owns all the gold? The very people that run the fed...
So it'd be like jumping from the pot into the fire.
I don't agree with some of your specifics, but with your overall message, I do. If I can't eat it, it has no value.
Love that guy!!
come on guys, how hard is it to understand what money is? the real reason behind that gold is much better than paper money/digital money is that you need to put in real energy/effort to create gold, thus with money on gold standard, its start giving money the intrinsic value. currently, the only intrinsic value of money is coming from interest rates that is not even control by the market but private cartels.
THIS IS THE PROBLEM Most people don't have financial education that is why most people don't understand the VALUE OF PHYSICAL GOLD. ETF GOLD ARE FAKE GOLD PRICES...Thank you RON PAUL.
Only Gold and Silver is real tangible currency.
Also The BLS develops annual Consumer Expenditure Surveys and Point-of-Purchase Surveys, so they have the flexibility to monitor changing buying habits in a timely and cost-efficient manner. Plus, the census conducted every 10 years by the Census Bureau provides information that enables the BLS to reselect a new geographic sample that accurately reflects the current population distribution and other demographic factors. In other words you are completely wrong and ignorant.
Gold prices going down, not for the last 6 moth and probably not for the long run.
In the 50s the US had a very strong dollar and also had some of the lowest un-employment rates in history. Inflation is not good it discourages and punishes savers. Savings is the foundation on which a countries production is built.
Yes inflation can help debtors... that a big part of our problem, our system encourages debt. and discourages savings.
Based on historical methods our inflation rate is 9.5%... so where is the BOON?
What are they saying about stock prices today? All assets have pricing cycles. Much depends on the Fed and the money printer. All of which creates a boom/bust cycle and depends on inflation. Dr Paul the only correct about how bad the fiat system really is.
The people that has a heart all over the world knows that Ron Paul won...Hell i even voted for the guy and I'm brown
The dollars value has NOTHING to do with its relationship to other fiat currencies value, which is what EVERYONE measures its values by. It has EVERYTHING to do with the purchasing power of the dollar, and THAT only goes in one direction: DOWN. The dollar has lost almost 95% of its purchasing power since our central bank started printing it. What has gold done?
With a bit of common sense, Bloomberg should ask the people with surplus what they think and their actions on gold, NOT those suited up muppets from US banks with sovereign insolvent bonds.
I've seen her before. This is her manner. She not talking down to him. She is challenging him which is what a journalist supposed to do,but which too often they don't do.
Did Ron just say "BitCON"? lol
How about we just circumvent the whole argument and just say that gold is priced in dollars (currency) therefore a stronger dollar means weaker gold and via Versa.
Then we can look at the overall trend and realised priced in Gold dollars have gotten weaker.
You don't agree with the policies of peace, liberty, and prosperity? That is the platform he ran on and he is the only politician that takes his oath to the Constitution seriously.
If Ron could cure himself of that little giggle he punctuates his speeches with, he would sound a lot more convincing.
Because...?
In this market there is no stability, only ups and downs, if U want safe markets construct a interest free market backed with synthetic dimonds or gold coins - Peace
And what is your objection to his post?
False. Gold has intrinsic value, it is expected to reach $5,000 in 2 years. A market correction does nothing to gold, it will always be a valuable commodity.
Buy silver too! It's so cheap!