Paper promises always return to scrap value, Voltaire pointed that out nearly three centuries ago.
Gold and silver have been used in trade for well over 2000 years.
Paper money has come and gone many thousands times since.
In 1900 the DJI was 80 grams of gold. One hundred and ten years later 200 grams of gold buys a point on the Dow.
Free includes debt-free!
The physical Gold/Silver coins and bars still have the same value as the Roman coin system had thousands of years ago.
Ron Paul's portfolio has does remarkably well for a long time. No investment goes up in a straight line. If you believe in the gold story, the mining stocks and gold prices will rebound. A lot of people have called for the end of the bull market in gold, but the things driving gold price higher are still intact.
This morning I heard a mining CEO interviewed by Ktco saying that the total cost of mining an ounce of gold is averaging around $1500. The current price is only around $1580, so the margins are razor thin and costly producers are being driven out of business. Something will have to give. Do you belive mining costs will fall or gold prices will rise? Demand for gold is still high, so I tend to belive gold price will go up.
We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.
-C. S. Lewis
they forgot to mention that he bought the majority of his gold holdings when it was $400 an ounce and below (pre early 2000's)aka 9/11 police state takeover. I'd say he's doing fine and isn't even watching the price of gold like a typical day trader watches his/her worthless stocks that will crash the first sign of a problem.
The writer of this article can buy Google stock all they want.
I think he loaded up at $35/0z: yep gold.
A link to info on "The Ron Paul Coin Shop".
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