10 Ron Paul Quotes About Gold, Silver & The Market

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It’s always good to revisit fundamentals, and Ron Paul is good when it comes to the fundamentals of freedom and liberty. That’s why  GoldSilverBitcoin decided to create a list of some poignant Ron Paul quotes on some important targets. So, without further ado, here they are:

@ Gold Silver Bitcoin

1. “The Founders were well aware of the biblical admonitions against dishonest weights and measures, debased silver, and watered-down wine. The issue of sound money throughout history has been as much a moral issue as an economic or political issue.”

2. “The gold standard would keep you from printing money and destroying the middle class. Every country where you have runaway inflation, there’s no middle class. Mexico, there’s no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we’re moving into third world status..”

3. “Ironically, it was the abuse of the gold standard, the Fed’s credit-creating habits of the 1920s, and its subsequent mischief in the 1930s, that not only gave us the Great Depression, but also prolonged it. Yet sound money was blamed for all the suffering. That’s why people hardly objected when Roosevelt and his statist friends confiscated gold and radically debased the currency, ushering in the age of worldwide fiat currencies with which the international economy struggles today.”

4. “If you want to restrain government, you restrain the power to create money. And that’s what gold does. A lot of people think, “Well, that means you’re going to have to carry all that gold around in your pocket.” No. There’s nothing wrong with gold certificates. And it can be electronic gold. It’s just that it restrains the power of individuals, especially secret individuals that have no oversight from Congress to create this money. You would certainly not need a Federal Reserve if you have a gold standard.”

5. “We are frequently criticized both on economic policy and foreign policy and we’re going back to the old days of isolationism and the old days of the gold standard. But let me tell you, big government is very, very old, and big government and inflation and destruction of currency – that is ancient and based on ideas that are wrong. Those who criticize us who wants a lot less government – they are the past, and we are the future.”

6. “Believe me, the printing is going to continue, the value of the dollar is going to go down and gold will go up.”

7. “This view of the evils of paper money was shared by almost all the delegates to the convention, and was the reason the Constitution limited congressional authority to deal with the issue and mandated that only gold and silver could be legal tender. Paper money was prohibited and no central bank was authorized.”

8. “[The Fed] took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.”

9. “A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government.”

10. “I think what’s going to happen to gold, it’s going to explode when they realize that the economy is going down, that we’re really in a recession.”

11. “The question is would you rather put $10,000 in a box for 20 years or a few gold coins…The Fed Reserve has destroyed 98% of the purchasing power of the dollar since 1913 an in the meantime they have financed every war they couldn’t have financed if they were on the gold standard.”

12. “But markets aren’t always smooth, and the gold market isn’t smooth, so it goes up, it might go up too much, and at times too fast and then it makes a correction because the traders are in there and they have all kinds of motivation. If people look at it long-term, you know, from when the Fed started when it was $20 an ounce up to the time it went up $1,900 an ounce, you know, that’s more of the trend.”

This article originally appeared at Gold Silver Bitcoin