Thursday, June 20, 2013

Ron Paul: Gold Could Go To Infinity

He believes that "as long as we have excessive spending, and excessive computerized money, we are going to see gold go up," because the value of the dollar will be driven down. As each dollar becomes less valuable, it takes more of them to purchase an ounce of gold, meaning that the gold price measured in dollars rises.   LINK...
REMEMBER, "gold is money," and all this correction means is that it now takes LESS dollars to buy gold, which is a good thing. Considering the over all "stress" in global financial and geopolitical areas this is an opportunity to get in the gold market for cheap. Surely the powers that be do not plan one year in advance, they plan 5-10 years in advance and this could very well be a "set-up" for the future. China, on the other hand plans 100 years in advance and they are very bullish on gold. Do not be swayed by short term moves, focus on the long term and become self-relient and diversified.   BK