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Ron Paul Has a Gold Ally in the Buffett Family

You Wouldn't Know It by Watching Cable News, but ...

Ron Paul is not advocating for a gold standard. In Paul's recent television appearances, he has argued for "competing currencies," rationalizing that since the U.S. constitution names both gold and silver as tender in payment of debts, the concept of "capital gains and losses" should not apply to these precious metals. In essence, Paul is saying that investors should be free to move between currencies without generating a tax bill....

Read the whole story at... http://www.thestreet.com/story/11526015/1/ron-paul-has-a-gol...



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still

i find it ironic that Ron Paul makes the fact that to use gold or silver as money is illegal. He has a point, even in another country would people accept gold as money.

Its it interesting, we give foreign aid to South Africa meanwhile they have huge gold mines. Wouldn't it be better to trade goods n services with South Africa for Gold instead?!

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

Yeah, he's not that silly

A gold 'standard' - where the currency is tied directly and immovably to gold doesn't actually work as well as a gold reference - where people are able to move from currency to gold and back again on as needed basis.

When you look at the required characteristics of a currency - something that is intended to be able to act as an exchange mechanism for different goods, gold isn't the be all and end all.

When you look at gold as something to preserve value through time, it is unmatched.