0 votes

Ron Paul: "I see a development in the Gold market."

Ron Paul: I see a development in the Gold market. For years, Gold has acted like commodity and roughly tracked the stock market. Last week, I believe due to major instability in the Eurozone (Greece and Spain), Gold went up and the markets went down, evidence that Gold is acting like a safe haven currency. I'll pay close attention this week, this could spell troubling things for the global financial system.

www.facebook.com/ronpaul

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Michael Nystrom's picture

Gold Futures 5 month high

http://www.marketwatch.com/story/gold-at-five-month-highs-on...

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

bump

for silver & gold.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

H.R.4248

Ron Paul's Free Competition in Currency Act of 2009 comes to mind. Could something like this be the missing link to bridge the gap between gold and silver as just another commodity and gold and silver as money again? I've been wondering off and on for years how, if ever, this will be accomplished. My grandparents used silver coin as money, and so did my parents until 1964. Government intervention ended all that, so now it is government dis-intervention we need. The sooner the better of course. HR 4248 was referred to the Subcommittee on Commercial and Administrative Law on March 1, 2010. Whatever that means.

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04248:

Finally, The Talk Is About Silver Catching Up And Passing Gold..

Silver Is Much, Much, Lower Than It Should Be.I'v e Been Telling My Family, Friends And Co-Workers, " FOR GODS SAKE BUY SILVER AND DO IT NOW...PLEASE..CAN YOU AFFORD 20,000 FAKE U.S.DOLLARS WORTH OF JUNK SILVER COINS..YOU WON'T REGRET IT..

ALSO GET AT LEAST A ONE YEAR SUPPLY OF FREEZE DRIED FOOD OR DEHYDRATED FOOD..GO TO EFOODSDIRECT DOT COM..

PLENTY OF WATER AND WATER FILTERS AND VARIOUS OTHER SEMI-ESSENTIALS LIKE CANS OF COFFEE, TOILET PAPER, PAPER TOWELS AND NAPKINS BY THE CASE, CANNED FOODS LIKE BEANS, SOUPS..STOCK YOUR CANBINETS..ROTATE THEM. DON'T LET THEM GET TOO OLD..GET A HANDGUN, A SHOT GUN AND AN ASSAULT RIFLE..AND PLENTY OF AMMO.

PREPARE TO DEFEND YOUR FAMILY AND THE HOME..

PRAY THAT YOU MAY NOT HAVE TO RESORT TO HAVING TO USE THE GUNS..

TAKE A COURSE IN GUN SAFETY..FRONTSIGHT DOT COM/ FROM DR. IGNATIUS PIAZZA...

GOD BLESS AMERICA, RON PAUL AND ALL FREEDOM LOVING AMERICANS...

REPEAL THE 16TH
CUT SPENDING
BRING THE TROOPS HOME
PROTECT THE BORDERS
LOVE GOD WITH ALL YOUR MIND, HEART AND MIGHT
LOVE ONE ANOTHER AS GOD LOVES YOU

AMEN !!

Nearly three years ago, I asked my sister to do this very thing.

I asked her to get OUT of the stock market, and put her money in REAL things: food, metal, and a way to protect them. I also suggested we go in on a farm together. It was the beginning of a rift that I don't think can be healed... I still just shake my head when I think about it. What did I say that is so unforgivable...? I mean I know. I told her that her worldview is not going to hold up, but still...

Truth exists, and it deserves to be cherished.

Paul? did you get the farm

Paul? did you get the farm anyway?

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

MOST EXCELLENT posting "Earlthepearl1111"

Well said indeed!

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

$ilver bump

$ilver bump

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
#standwithrand

Gold's move last week is

Gold's move last week is evidence enough that the yellow metal is not only trading as a currency, but that it is also becoming the currency that everyone wants to be in. I'm talking about physical gold, not the phony paper gold traded at the Comex. Last week was telling, the next few weeks should be very interesting.

i keep hearing people saying

i keep hearing people saying the nwo is trying to get rid of the dollars status but i suspect they would be real happy if the pound took a real beating to help out the euro.

U.S. Equities are overdue for a pullback

Monthly View S&P
http://3.bp.blogspot.com/_P-oB0oClUsQ/S94QIMKeuJI/AAAAAAAAA0...
Weekly View S&P
http://2.bp.blogspot.com/_P-oB0oClUsQ/S94QI-2anLI/AAAAAAAAA0...
Daily View
http://2.bp.blogspot.com/_P-oB0oClUsQ/S94QItRr46I/AAAAAAAAA0...

It's been a classic rally with everyone 'worried' about it being real for over a year!

Yes, gold as well as silver

Yes, gold as well as silver are just commodities today. They are no different than oil, wheat or hog bellies. Since gold is not used as money, its comparative value is based on Supply and Demand, just like any other commodity.

Gold and silver go up in value when people look for stability - which is exactly why they are the best form of money. When people can make money in the stock market, or any other market, they lose interest in gold and silver, and when demand goes down, so does the spot price. When the stock market is tanking, people look for a safe haven, and gold (and silver) prices go up.

Were we to use gold as money, we would not see this phenomenon. People do not invest in "money" when the stock market is down. Honest money retains its value - it does not inflate. But you don't earn interest by investing in money.

Many in this website need to learn basic economics. Stop thinking about gold or silver as magical substances. They are just commodities, but their characteristics make them the best substance for money. And when people get nervous, they bail out of the markets and look for something with stability - gold and silver/

This is why gold and silver have been used for thousands of years as money. It's only in the last hundred years that people have been fooled into trusting crooked politicians and their banker friends, and accepted non-redeemable paper money. The rest is history - 97 cents of the 1913 dollar has been stolen from the American people by our politicians and the Federal Reserve.

I don't think anybody thinks

I don't think anybody thinks gold or silver is magical. Of course they are commodities, but unlike many other commodities, you can actually hold on to them easily. If storing barrels of oil was as simple as holding gold, then believe me I would do it. I don't have access to any silos where i can store stocks of wheat or oil, so my options are 1. dollars, 2. gold, or 3. stocks. Holding thousands of dollars strikes me as unwise, and they seem to want people who are investing $20,000+ for buying stocks, so for the low key person trying to store some wealth, what other options are there? I don't see any. Suggestions are always welcome if you have any better ideas.

dollars or stocks will not be

dollars or stocks will not be worth the paper they are printed on. STUDY THE SILVER MARKET. Here are 10 years worth of essays on silver. What has happened in the past 3 weeks with the whistle blower confirms that Ted Butler was absolutly right.. The study up on where the price of silver is going to go because of this manipulation. www.butlerresearch.com silver will outperfrom gold. The next best thing to buy is good farmland.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

If the Fed were

If the Fed were abolished,what would be the effect on the gold/silver prices? In my mind, if the Fed was abolished and the economy became stabilized, the price of gold/silver would go down, giving the people greater economic power, but accomplishing nothing for those who purchased their precious metals beforehand. So why advise them to buy NOW?

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

I wish I knew Dr. Paul

when he was first elected and concerned about the economy and money. I could have bought gold and silver a whole lot cheaper. Let's see he first got elected around the seventies gold was probably a couple hundred bucks and silver probably around ten, that's my guess.

You seem like your in a feisty mood, Dr Paul isn't the only one advising people to be prepared with precious metals, Jim Rodgers comes to mind.

If the Fed was abolished and the same politicians and their handlers are in power I think it will set the stage for a world currency and that is just as bad as the Fed.
Just my two cents.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Yeah, me too!

"I wish I knew Dr. Paul when he was first elected and concerned about the economy and money. I could have bought gold and silver a whole lot cheaper."...
You and me both, little sister!

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

I did and I did. He was my representative in 1977 when I lived

in Fort Bend Cty, Texas and I listened to him. He is my representative now as I live in Calhoun Cty, Texas and he is the rock of truth and the defender of the Constitution. Thank God for the wisdom of the people of the 14th district of Texas for without them you would have no Ron Paul!

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people that pay no price for being wrong.
Thomas Sowell

The fed isn't going to be

The fed isn't going to be abolished, the government is going to collapse.

I am out of touch with most Americans precisely because I am not out of touch with reality.

Hey, ya'all

It was just a question...
one that hasn't been answered, btw.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

reedr3v's picture

I think beesting and I answered your

question; why not phrase it differently if we misunderstood?
when you stand for truth one doesn't have to dodge questions. It's only a matter of communicating clearly.

My question was,

WHY would ANY politician be giving advice to purchase gold?

Edit-
In other words, why NOW? Why not wait until (or IF) the Federal Reserve is abolished?

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

because some people who can't

because some people who can't think past their nose need to be informed.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

reedr3v's picture

I'm going to say that any politician

who, at this time and perhaps any other time as well, recommends people purchase gold is hoping to build strength into the economy.

When most people are mortgaged beyond their means, maxed out in credit, or even in bankruptcy, obviously the people have weak economic power. They've been terribly mislead by the majority of pols who say, "trust in your government to handle all the hard stuff, don't bother your sleepy little heads."

Then the government inflates away the purchasing power of the dollar and tanks the economy. All of those who trusted are screwed. Those who socked away some silver will not be caught pushing wheelbarrows of worthless fiat.

Even the tyrannical Chinese government is pragmatic enough to urge its populace to save silver and to not get into debt.

RP of course has always served principled intent, not to line his own pockets and flex power muscles. If you're coming from an anarchic viewpoint that all pols are bad, I can understand the sentiment; but IMO it is a rigid reading that doesn't recognize the rarity of virtue if found even where not expected.

you, I, everyone on this

you, I, everyone on this website, and Ron Paul all know that a currency crisis with the US dollar is more likely to happen sooner than the fed being abolished.

Do you have a preferred method for wealth storage?

For those that don't know

"Honest money" was the reason Dr. Paul went to Washington. He is NOT baiting anyone for a confiscation!!

Give us clear vision, that we may know where to stand and what to stand for - because unless we stand for something, we shall fall for anything.
~ Peter Marshall, US Senate Chaplain 1947

With the weakening of the

With the weakening of the U.S. dollar has come the promotion of gold coins and gold bullion as real money and a hedge against hyperinflation. Unfortunately, investors may be shocked to learn that the present gold rush is the end game of the international banking cartel. Think about this: WHY would ANY politician be giving advice to puchase gold (or silver, for that matter), unless as a politician, they are privy (a participant in knowledge of something private or secret,as in classified information) to the confiscation of that gold or gold certificate? What extreme measures the federal government might take in the name of national economic necessity is anybodys guess, but capital controls and confiscation of assets combined with legal authority certainly have precedent in other democracies under comparable pressure.

. @ @ . Power to the People!
@ O @ -----> PEOPLE
. @ @ . NOT Corporate Entities!

Are You Saying

Are you saying that Ron Paul is encouraging us to buy precious metals so that the government can confiscate it?

Are you nuts?

Ron Paul is probably the most honest person in public life. In addition, his own investments are primarily in gold and gold stocks.

You see what you get with Ron Paul. Unless you think he is setting himself up for the confiscation of his own wealth, you had better re-think your whole argument.

reedr3v's picture

I'm probably misreading your comment,

amerianna. Surely you're not suggesting the Paul is trying to entrap people into gold for subsequent confiscation. Hmm, on second reading maybe you are just saying that the political-banking cartel are allowing gold to rise to sucker people before confiscation?
I and many others are betting the Establishment doesn't have it all so nearly zipped up; I still think the strength of free minds will trump bureaucratic minds and run circles around them. And more and more people are waking and freeing their own minds -- self-education is the key as Ron Paul has been saying all this time.

Ron Paul Is Not Any Politician !

He has been talking about honest money since 1971, and has written several books on Gold and "Constitutional" money !

P.S. A Ron Paul supporter friend of mine looked up Dr. Paul's financial form that he was required to file a year or so ago.

He is top heavy in Gold/Silver mining stocks, and I would guess he owns physical Gold/Silver, does that sound like any other politician?

beesting