Exactly. In fact Ron Paul proposes legalizing competing currencies and not an immediate return to the gold standard. The idea being that people will naturally move to a more stable currency.

you ronnie paul groupies need an update-


Ron Paul discusses the benefits of returning to a gold standard
http://www.forbes.com/2010/01/13/gol...-ron-paul.html

the ultimate proofs- a youtube video
ronnie paul yapping about how to return to a gold standard::::::;

Anyone remember Ross Perot?

What is it with Texas?

I was expressing my own opinion.

so let me get this straight, ronnie paul wants a government issued/declared gold standard while complaining about *big* government and some of y'all don't get the hypocrisy of this 34 year career politician?

i see.

Gold backed currencies would (amongst other currencies) evolve naturally under free market conditions.

The dollar price of gold doesn't affect the value of gold. Gold is not worth less now, the dollar is. Inflation is all but nill until you introduce a fiat currency that can be printed out of thin air.

got it, thx for the clarification. i appreciate your being able to discuss this without resorting to name calling and such, that's refreshing! :thumbsup

i don't disagree with anything he says in this vid, but, as i alluded to earlier, i do not claim to understand economics at a high enough level to agree or disagree. in fact, from what i can tell, even people with an extremely strong understanding of economics disagree on such things.

nevertheless, look, if ron paul has ever come close to prompting change it was with his legislation passed to audit the fed. but it's my understanding the fed was already under fed auditing laws and even since ron paul's law, nothing has come out of his audits either.

and you can count me as one who would very much like to learn more re: the fed. but i'll also add that i think a central bank is a good thing and i do not disagree with having one as i understand it all. if it was factual revealed that the fed is a detriment then i would have no issue abolishing it.

but a lot of that gets lost when it comes to ron paul because of his outlandish commenting on the gold standard. i'd appreciate him much more if he had done his government service by holding an office or 3 or more for a term and then continuing his crusade against the fed from a non-public office.

Really? So, the solution is to curing all issues with paper money is to use the gold standard... THEN put the government in charge of setting gold prices... which defeats the purpose entirely as well as completely ignores the fact that it will be valued in accordance to supply and demand in the rest of the world as a commodity?

Are you 12 years old or what?

You, like anyone else arguing for Ron Paul can't seem to grasp that there is no such thing as a "stable currency". Stable is simply a reflection of confidence. Use the gold standard.. then put a bunch of idiots in charge of setting gold prices... then watch prices go bonkers all over the world (unintended consequences) and you have a very unstable currency with the same bunch of inept idiots in charge of it.

It would make gold rather expensive, which is what the goldbugs care about.

Gold, $50,000 an ounce! :jerkoff


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I KNOW that would make you happy!

;)

Not the whole story and misleading. The price of Gold has risen in all major currencies that I have looked at.

This tells you that it is NOT simply about the US Dollar. It reflects uncertainty across the board.

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You'll need to explain why it is occurring in all major currencies for this statement to have any real force.



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Demonstrably false. Sorry.


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Considering I got out of 90% of my gold / silver positions over a year ago and see them vulnerable to a price decline, I'd say not.

Not to mention, the reason I invested in it has nothing to do with gold standard support or any other anti-FED wackiness all of which I think are stupid ideas.

But maybe I misunderstand your statement??


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Just remembering back to the oprano days when you were lecturing us all on buying gold. :)

Ah, someone from back then that remembered this. Were you TheSquealer back then?

Metals have had a good run, but now I hope it drops hard over the next 6-12 months or more. hehe

Still think there is more to be made there over the next 3-4 years.


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