Dr. Ron Paul, former Congressman and Presidential Candidate of Ron Paul Liberty Report is a champion of personal freedom. He outlines the key benefits of gold ownership amid a new bull market in precious metals.
Dr. Paul’s Twitter
– Dr. Paul says central banks continue to accumulate gold.
– Will silver finally post a new all-time record, following gold’s lead?
– Dr. Paul identifies Gresham’s law in the modern economy, as fiat money has pushed silver coinage out of circulation in recent years.
– The key issue remains the plunging purchasing power of the reserve currency.
– Gold and silver remain a key haven against rising price levels.
…I don’t speculate in short term, to make more money. It’s not to make money, it’s to have some insurance…and I remember, a gold dealer that I dealt with (a Libertarian, Bert…) advised me, we were doing something, buying gold for an auction or something like that. He knew a lot about the pricing of gold and I respected them very much.
And I said, ‘Bert, do you think I ought to buy this gold and hold until we have this auction or should we wait and at a better time.’ He says if you have the money and you desire it, just go ahead and buy it… and right now yes I look at this and even with all the anticipation and predictions and following this closely, I’m still astounded at $2400 gold. But if somebody comes to me, people have more money; they have more dollars. So I would say if they understand this issue, buy and invest in security…
– Runaway spending continues to make everyday items less affordable.
– Dr. Paul advises buying and HODL’ing gold as a long-term investment like property, avoiding market timing.
Please bookmark our new Substack with Gold Juniors and Investment Opportunities:
https://goldseekradio.substack.com/
Read the full article here