James Leroy Wilson's blog

Tuesday, July 26, 2011

Ron Paul Discusses Gold and the Fed on the Kudlow Report

This is my latest Dispatch for DownsizeDC.org. Excerpt:

The reason people buy gold is because it is a hedge against MONETARY INFLATION. Which means . . .

Gold is the money that doesn't inflate.

Which means . . .

Gold is the REAL money.

When people see that their dollars aren't buying as much as they used to, and their incomes and savings aren't keeping up with inflation, they buy gold. That's because, over time, a unit of gold INCREASES in purchasing power, while the dollar buys less and less.

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