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"Gold Could Go To Infinity" - Ron Paul

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“I Still Believe In Gold” - Ron Paul

Dr Ron Paul, the popular Presidential candidate and America and the world's most popular libertarian voice, told CNBC yesterday that he “still believes in gold” and that “gold could go to infinity.”


Former U.S. Representative Dr Ron Paul told CNBC's Jackie DeAngelis and the Futures Now Traders that the long-term case for gold remains firmly intact.

Dr Ron Paul:

“Timing is the only thing. I remember watching gold when it was 35 dollars an ounce and we thought if it ever hit a hundred dollars, the world would come to an end. And then a thousand dollars, so; no, it's good as long as we continues to do this <print money> , you know, it could go to infinity because when people just leave the dollar, who knows what …”

“But that won't happen if we finally wake up and do something.  But if we can keep this together, if the money managers can keep it together and it doesn't collapse, yes, gold is gonna keep creeping up, but, you know, as weak as gold looks right now, it's up a hundred dollars for this year so…”


Jackie DeAngelis:


“It's roughly I think up 8% year-to-date. It's not a horrible move for gold but I think a lot of people were expecting to see a little bit more, especially with the instability that we're seeing in terms of the geopolitical situation. A lot of conflict around the world -- you'd expect gold to be higher right now.”


Ron Paul:

“Yeah, but if you understand the subjective theory of value, you don't get too concerned about that because, yes, increasing the money supply weakens the dollar and a weaker dollar raises the price of gold and it's a long term measurement. But you can't measure, you can't say that the money supply went up a certain amount, and gold is going to go up, so there's a subjective element in that.”

“But long term...and economic law says, if you keep printing a lot of paper money, the value of that dollar and currency will go down, and things and most prices will go up and indeed gold always goes up against that currency.”

But you don't, I don't get in the business of saying in a year or two or three it's going to be two or three or four thousand dollars because it really challenges the basic fundamental beliefs of the Austrian school, to make these kinds of predictions.”


The interview about gold can be watched here




In another interview with CNBC, Dr Paul reaffirmed his view that the nation's monetary and fiscal policies would result in massive inflation. He warned of a stock market crash and of the risk that currency debasement will lead to the continuing devaluation of the dollar.

Ron Paul has long said America should "end the Fed," and he made that case once again on Tuesday.
 

** Record Low Gold Bar (1 oz) Premiums **

"One thing you have to do is get rid of the Fed, because of the Fed “spin” that leads to volatility in markets. Referring to the statements and spin by Federal Reserve governors, now Janet Yellen, he said that in fact  it is a “very inefficient way to operate a market, to have one individual make one statement, and put so much weight on it.”

“In short term, it's very, very real, because people are going to make it or break it, you know, on this interpretation. But that has nothing to do with the free market, nothing to do with building capitalism, and savings, and the things necessary to have a growing economy."

See important guide to Currency Wars here Currency Wars: Bye, Bye Petrodollar - Buy, Buy Gold 

 

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Thu, 07/31/2014 - 12:39 | 5027751 GrinandBearit
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No.  "Infinity" is NOT a number... it is infinity.

Bitcoin should NEVER been mentioned in the same sentence at gold and silver... NEVER.

Thu, 07/31/2014 - 17:52 | 5029628 TVP
TVP's picture

Yeah, only tards like Max Keiser mention Gold, Silver, and Bitcoin in the same sentence, because they ALL have INTRINSTIC VALUE.  (Boom Bust on RT also displays the USD value of Gold, Oil, and BITCOIN at the end of every show.  Freaking weirdos, right?!  As if they were ALL COMMODITIES OF SOME SORT!!!  WHODA THUNKIT??) 

 

But hey, you know, Max Keiser is nobody, just one of those delusional bitcoin millionares.    

 

Thu, 07/31/2014 - 13:29 | 5028010 CHX
CHX's picture

You just did... LOL, but joke aside, I'm no fan of BC myself, but see the arguments of its proponents. And sure, "inifinity" is not really a number it's just the measurement vs. PMs of a dead currency. Semantics, if you will, oh so smart G&B. 

Thu, 07/31/2014 - 00:46 | 5026196 DarthVaderMentor
DarthVaderMentor's picture

Now we know why Obama is playing golf ignoring everything else. This turd is going belly-up and smelly out shortly and he knows it's over.....and the pitchforks will be coming.......

Thu, 07/31/2014 - 00:43 | 5026190 bilejones
bilejones's picture

He is, of course exacly right.

 

We are close to the point at which no amount of federal reserve notes will buy gold.

Thu, 07/31/2014 - 00:37 | 5026175 Sheikh_Speare
Sheikh_Speare's picture

Throughout history Gold has always kept it's value relative to other goods. This makes Gold a great choice for wealth preservation.

 

In ancient rome, and ounce of Gold was enough to buy you a quality tailored toga, sandals and accesories.

 

During the great deppression, an ounce of Gold was enough to buy a quality taylored suite, shoes and accessories.

 

Still today an ounce of Gold is enough to buy a great taylored suit, shoes and accessories.

 

It's a counter risk against inflation, deflation, geopolitical risks, economic stress, fiats. 

 

The way things are going, it certainly could go to infinite.

 

 

 

 

 

 

Thu, 07/31/2014 - 09:35 | 5026909 Bunghole
Bunghole's picture

A similar analogy is in 1963, a US quarter would buy you a gallon of gas.

That same 1963 quarter (90% silver) still buys you a gallon of gas.

Gold and silver hold their value aganst commodities, unlike the USD.

Thu, 07/31/2014 - 00:33 | 5025852 Salsipuedes
Salsipuedes's picture

"On a long enough timeline the survival rate of gold drops to zero." - Moi

Plutonium, cesium, oxalate enriched uranium, Mama Mox fuel....that's another story.

 I can just hear the cockroaches now: "Fuck you parasites! Fuck Monsanto! Fuck the Oligarchs! BRING IT ON MOTHERHATERS!...... Chirp....chirp...".

Thu, 07/31/2014 - 00:59 | 5026182 Salsipuedes
Salsipuedes's picture

Looks like I struck a "vein". By cockroaches, I mean "Periplaneta Americana." Originating in Africa like the rest of us. http://www.insectidentification.org/insect-description.asp?identification=American-Cockroach

I didn't say put aside some pesos or Warhols for your kid. For the record: GOLD WILL OUT as always, but we need a place to use it. That means a relatively sane place, where you can breathe.

Wed, 07/30/2014 - 22:32 | 5025768 Hongcha
Hongcha's picture

This gold bug honey trap of a piece has only about a dozen comments after being up 3.5 hours.

The bottom cannot be far off.

There is only one line to watch on the horizon, fellow squinty-eyed ones ... the gently up and to the right-sloping all-in extraction/refinement costs for mines and refiners (the "all-in costs").

If we are there or very close, you buy bullion with cash, if you can.

This is a rigged game and nothing else matters but the simple, inviolable mathematics of it.

Everything else not only can be but is manipulated.  But they can't do it forever.

Fri, 08/01/2014 - 13:56 | 5033736 ceilidh_trail
ceilidh_trail's picture

Most cogent comment of the few that are here. Looking at this article three days later, still very few comments.

Wed, 07/30/2014 - 22:01 | 5025641 Godisanhftbot
Godisanhftbot's picture

 that fictional turd bitcon is sinking faster then the muslim president

Wed, 07/30/2014 - 21:32 | 5025510 alexcojones
alexcojones's picture

   "If the US Petro Dollar collapses and a catastrophic Global reset occurs as is expected (unless somehow mitigated), those bankers responsible will be fingered and held accountable one way or another unless they do something major.

   "Their options include starting a nuclear WW3 with the Russian Federation and/or China, instituting a major epidemic that kills many millions inside America, or starting a new American Civil War between their Zionist Occupation force Homeland Security (DHS) and the American Gun Owners, hunters, Veterans, Patriots and folks who have “woken up” to the USG scam and major illegal power grab since 1913 and the USG Assassination of JFK."

From Excerpt 
The Coming Return of the Real USDollar

Thu, 07/31/2014 - 01:43 | 5026287 EBT excepted
EBT excepted's picture

the plan is to have us kill each other...no need for wwIII...

Wed, 07/30/2014 - 21:25 | 5025483 alexcojones
alexcojones's picture

Got Gold?

Now for the really bad news.

   "As of right now there are supposedly 139 nations that have signed onto the BRICS System, either by actually signing the Agreement or sending a Letter of Intent to do so. This now includes Germany, France, Australia and picture this, even the UK."

World’s largest Ponzi Scheme.

  "The Federal Reserve System has become the World’s greatest Ponzi Scheme because it has issued an absurd amount of money to Congress to spend like drunken sailors all over the World. In fact so many American debt-notes aka “US Petro Dollars” have been spent and disbursed all over the world that experts now believe that eventually, if not sooner than later, the value of the US Petro Dollar will easily descend to almost nothing."

From a Gold column that Ron might like.

The Coming Return of the Real USDollar

Wed, 07/30/2014 - 22:45 | 5025814 nink
nink's picture

I wanna buy me some BRICS BUCKS ?  Do you take US $

Wed, 07/30/2014 - 21:12 | 5025427 medium giraffe
Wed, 07/30/2014 - 21:01 | 5025373 munch
munch's picture

If gold goes to infinity, your tax bill will be 28% of infinity.  They could simply raise that after vilifying gold "speculators" who reaped such a profit while other are hungery.

Thu, 07/31/2014 - 00:49 | 5026203 Mike Ochisbent
Mike Ochisbent's picture

As much as I admire Ron Paul it really annoys me when peeps toss around "infinity". Infinity is a mathematical concept. It goes on . . . Forever. It's not just a really big number. Not possible for the price of ANYTHING.

Thu, 07/31/2014 - 12:40 | 5027753 ncdirtdigger
ncdirtdigger's picture

If the dollar has a value of 0, what then is the value of gold when expressed in dollars?

Thu, 07/31/2014 - 06:45 | 5026493 GlobalCtzn
GlobalCtzn's picture

I think a more accurate way to think of what he is saying is that if we continue printing people will lose all faith in the currency and the Dollar goes down town. Gold goes to 'infinity' when compared to a now worthless Dollar. That is the analogy he is alluding to.

Wed, 07/30/2014 - 23:51 | 5026078 dvfco
dvfco's picture

Yes, the 'NEW 1%' would be anyone smart enough to have amassed >4 or 5 oz. of gold.  That'd be funny shit.

Imagine the new rallies cries:

"You didn't mine that."

"The well off should just pay their fair share" - What you want 3 of my 4 fucking ounces?

"The government gave you the education, the roads, protection, health care - and now we have the thieves who have looted gold cravenously hiding it in their backyards."  - No, it's in the lake - fucker.

It will be interesting.  The problem that presents itself is offering gold to someone the first time, having them turn you down on the deal, then following you home, scouting out your house, and murdering you and your family to try to find the gold.  How do you get around that one in the end?

I'm a gold/silver bug, but I still get that haunted feeling that if we ever get to a point where people would kill for it, they'd actually kill for it.

Thu, 07/31/2014 - 00:23 | 5026148 Everyone is lying
Everyone is lying's picture

This is fucking hilarious. And true.

Thu, 07/31/2014 - 00:47 | 5026184 dvfco
dvfco's picture

Thanks, but now all I'm thinking is, "How do I pay my fucking taxes?"

Taxes are 48% on my profit: (infinity-$880/oz)*4 oz. =?

Or, maybe something like:   lim ƒ(gold!)(infinity) as gold!->inifinity = ?

No wonder I got a D in calculus.  

 

I could never deal with limits or boundaries.

Wed, 07/30/2014 - 20:41 | 5025289 alexcojones
alexcojones's picture

Ron Paul reminds me of the Sheriff Woody in Toy Story.

And of course, Buzz Lightyear.

The PTB might even respect him enough not to Paul Wellstone him.

RIP Paul

Sen. Paul Wellstone: More Proof of Assassination |
Thu, 07/31/2014 - 12:03 | 5027594 Beam Me Up Scotty
Beam Me Up Scotty's picture

LOL.  That election was in the democrats hands until the funeral, when they turned it into a political spectacle.  The GOP wasn't going to win an election by killing a sitting incumbent senator 10 days before an election.  All the touchy feely types would surely vote for his replacement.  Pilots weren't qualified, end of story.  The PIC pencil whipped his log book.  The SIC was barely qualified to fly in the clouds.  I flew for another charter company in the Twin Cities at that time.  No conspiracy here.  And believe me, there ARE plenty of conspiracies that ARE true.

Wed, 07/30/2014 - 20:32 | 5025262 Bastiat
Bastiat's picture

Infinity?  Hell, I'd settle for half that.

Wed, 07/30/2014 - 20:27 | 5025233 Longarm
Longarm's picture
2014 50th Anniversary Kennedy Half-Dollar Gold Proof Coin

https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?cata...

Wed, 07/30/2014 - 20:18 | 5025197 techstrategy
techstrategy's picture

Just exit all float scams, raise FRN and buy gold.  Let them hold all the risk that v no one is being compensated for...

Thu, 07/31/2014 - 16:11 | 5029087 jarana
jarana's picture

If people knew gold, the've already gone into it (free markets work 'couse people is not indeed stupid, although they can be de-networked).

As a result of decades of propaganda, people only know politics (tribes), nothing about economics (networks).

So they've run into their GO(L)D; politics (socialism-welfare state-colectivism---> TRIBE). People TRUST it.

We're in cultural recession.

Wed, 07/30/2014 - 20:30 | 5025243 Four chan
Four chan's picture

well said, now thats a solid plan.

Wed, 07/30/2014 - 19:41 | 5025035 Ban KKiller
Ban KKiller's picture

Gold and lead. 

Wed, 07/30/2014 - 20:13 | 5025167 Savyindallas
Savyindallas's picture

You'll need silver too  -especially silver bullets  -Lead bulletts are useless against the bloodsucking vampires and werewolves raping this country.

Wed, 07/30/2014 - 19:30 | 5024993 logicalman
logicalman's picture

Gold is money, everything else is debt.

The name Morgan comes to mind.

Thu, 07/31/2014 - 13:50 | 5028135 Citxmech
Citxmech's picture

If gold goes "to infinity" what that really implies is that the dollar has gone to zero.

Thu, 07/31/2014 - 14:26 | 5028336 BigJim
BigJim's picture

Yes, gold will go to infinity at the same time coffee does. And everything else.

Wed, 07/30/2014 - 19:54 | 5025084 SuperRay
SuperRay's picture

Here's what Alan Greenspan said about Gold before he sold his soul to Satan

 

http://www.constitution.org/mon/greenspan_gold.htm

 

Wed, 07/30/2014 - 19:16 | 5024946 astroloungers
astroloungers's picture

I like gold....I own some. I like Dr.Paul, but how many come to Jesus moments can you get out of the saved congregation ? I want to hear good ideas about bringing about real change(not hope and change).

Thu, 07/31/2014 - 00:39 | 5026178 Hook Line and S...
Hook Line and Sphincter's picture

If you want real change, compartmentalize thoughts of AU physical and paper to a limited part of your attention. Focus on the soul alchemy that will get you and your family through the next decades.

Wed, 07/30/2014 - 19:54 | 5025086 Wild tree
Wild tree's picture

How this for real change astro????

Money printing continues till it don't with inflation on the must haves; food and gas. Printing only stops to usher in world wide collapse.

EMP, earthquake, solar storm.... take your pick, our electrical grid goes down for a year because of long lead times for transformers/generators, some areas longer.

The dollar no longer the reserve currency, the new currency whether Amero, Special Drawing Right, Phoenix, Yuan, or whatever rises to take its place as the bankers try to control the collapse.

The "reset" occurs as we find ourselves in the 1800's, our way of life gone with our manufacturing, odds long on it returning in a world-wide depression. Many lives lost, in the millions, or even billions across this world of ours.

Meanwhile from space viewing our blue and white world, same as it ever was, same as it ever was......

Say, who is on American Idol tonight????? Where is that dang remote.... same as it ever was....... till it ain't.

 

Thu, 07/31/2014 - 09:51 | 5026968 Uchtdorf
Uchtdorf's picture

One thing missing in your description: Foreign troops on US soil, in our homes, in our business, and the shooting won't just be isolated to Chicago and gun ranges any more. Chinese paratrooping in on the West Coast. Russians setting up detention centers from the East Coast to the Mississippi. What's going to be shocking to most of those still alive is that the first troops will come in for "the children." Yes, for trumped-up humanitarian reasons.

Massive earthquakes are on the menu as well. Hold on tight.

Wed, 07/30/2014 - 20:43 | 5025286 MassDecep
MassDecep's picture

I agree somewhat wild, except the new money will be a mark in your right hand or in your forehead. No buying or selling without the mark. I wonder who will not get that mark??? Welcome to the tribulation. It will be the closest thing to actual hell, on earth. The only change will be if you decide to seek the Lord Jesus Christ and proclaim him as your Saviour from our rotton to the core sins. That is your only hope. And you will soon see what I am talking about. And you will remember this little rant. Guaranteed,,,,,

 

Wed, 07/30/2014 - 21:26 | 5025457 Wild tree
Wild tree's picture

I did not see it as a rant mass, just truth. No athiests in a foxhole, and the marked ones will deride those of faith and deliver them up for persecution and some to death.

One of the ways that God self-authenticates his message is by telling us the future in advance.  God tells us in Isaiah 46:9-10 that He is the only God and that none of the false gods are capable of telling us the end from the beginning…

 9: Remember the former things of old: for I am God, and there is none else; I am God, and there is none like me, 10: Declaring the end from the beginning, and from ancient times the things that are not yet done, saying, My counsel shall stand, and I will do all my pleasure.

I believe this and see information that tells us the broad plan along with the mileposts.

And one of the ways that God does this is through the festivals that He has created for us.  They are his way for us to know what his plans are. Christ being the good being foretold with the observance of Passover; with tribulation being the continuation of the sorting. Starting on this last Passover held on 4/15/14 we had a blood red moon, with three more due on Sukkot 10/8/14, on Passover due to be held on 4/4/15, and then again on Sukkot 9/28/15. We also have a total solar eclipse on 3/20/15, and a lunar eclipse on the Feast of Trumpets 9/13/15. (named events credited to to the research of Pastor Mark Biltz of El Shaddai Ministries)

I document these upcoming events to presage the events describing the sixth seal outlined in 6 Revelation, vs 12 “And I beheld when He had opened the sixth seal, and lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood;  13: And the stars of heaven fell (Perseid meteor shower perhaps??) unto the earth, even as a fig tree casteth  her untimely figs, when she is shaken of a mighty wind. 14: And the heaven departed as a scroll when it is rolled together; and every mountain and island were moved out of their places.

Most people cannot believe that it will get that bad. I believe

 

Wed, 07/30/2014 - 22:11 | 5025678 messymerry
messymerry's picture

I'm not accepting the mark of the beast.  My smartphone is going in the trash immediately.  AHA!  You didn't figure on people accepting the mark of the beast by seduction and not by force...  Smart phones are the Devil's mints...

Thu, 07/31/2014 - 09:33 | 5026896 dontgoforit
dontgoforit's picture

If you haven't already done so, read The Harbinger by Jonathan Cahn.  Isaiah 9:10. 

Sat, 08/02/2014 - 17:58 | 5038711 messymerry
messymerry's picture

Yes, I have read it.  Just to satisfy my curiosity.  Mr. Cahn openly states it is a work of fiction. 

Wed, 07/30/2014 - 19:29 | 5024992 The Most Intere...
The Most Interesting Frog in the World's picture

Not gonna be any change until serious pain. The Repubs and Demos, the Fed, the 1%, basically the ones that have a lot to lose have avoided catastrophe so far, but they won't forever. I think they understand this and have been stock piling ammo and beefing up domestic law enforcement for a reason.

Wed, 07/30/2014 - 19:38 | 5025028 Pinch
Pinch's picture

I have a lot of gold, and I'm up over 100%. I calmly await the apocalypse.

Wed, 07/30/2014 - 20:25 | 5025225 Bindar Dundat
Bindar Dundat's picture

And that will be real change we can count on...........

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