Tags: Ron | Paul | Gold | Price

Ron Paul: Gold Price Could Go to Infinity

Tuesday, 18 Jun 2013 10:05 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
How high can the price of gold go? Former Congressman and presidential candidate Ron Paul thinks it could go to infinity.

Appearing on CNBC's "Futures Now," Paul explained that "excessive spending and excessive computerized money" is driving down the dollar, and in turn raising the price of gold.

Story continues below video.



"Eventually, if we're not careful, it will go to infinity, because the dollar will collapse totally," Paul said.

Editor's Note: Get David Skarica's Gold Stock Adviser — Click Here Now!

So how could gold actually be worth infinity?

Paul explained that if the dollar collapses, and he fears it might, no amount of dollars could purchase any amount of gold, making gold essentially worth infinity — at least in terms of dollars.

Considering his long-term outlook, Paul said he isn't concerned about the recent drop in gold prices.

"Markets do these types of things — they go up sharply, and sometimes they take a rest," Paul said. "I was never very good on short term, whether it's the stock market, or whatever."

Since the creation of the Federal Reserve, "we have about a 2-cent dollar," Paul said. "And gold used to be $20 an ounce. So I'd say the record is rather clear on the side of commodity money."

Six thousand years of history shows that gold always retains value, Paul said, "and paper always self-destructs."

Editor's Note: Get David Skarica's Gold Stock Adviser — Click Here Now!

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Joe Scarborough Denies Lobbying Hard for 'Meet the Press' Job

Thursday, 24 Jul 2014 23:07 PM

MSNBC's Joe Scarborough denied reports Thursday that he and his Morning Joe co-host Mika Brzezinski have been "aggress . . .

Laura Ingraham: Rand Paul Closest to Americans on Foreign Policy

Thursday, 24 Jul 2014 21:43 PM

Kentucky Sen. Rand Paul, accused of being an isolationist by some fellow Republicans, is actually more in step with the  . . .

Legal Analyst Coffey: Ariz. Execution Won't Affect Death Penalty

Thursday, 24 Jul 2014 20:22 PM

Don't expect Arizona's controversial execution of Joseph Rudolph Wood to put a damper on the death penalty, veteran lega . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved