Ron Paul warns of dollar collapse

[The Toecutter]

http://www.youtube.com/watch?v=Y2y4na-HSrY

[ChaosKnightXD]

Re: Ron Paul warns of dollar collapse

I always feel sorry for any of the poor saps that actually traded in their gold in any of that cash4gold crap and things like it.

They are essentially giving away valuable food and clothing in exchange for nothing in the event that the dollar does collapse.

[American Hero]

Re: Ron Paul warns of dollar collapse

Sounds like a good time to me.

[Red Dragon]

Re: Ron Paul warns of dollar collapse

Skimming through it. Can somone tell me when he says this is actually coming and not what would/could happen.

[Cutter De Blanc]

Re: Ron Paul warns of dollar collapse

At around 2:40 you can see him reading from the cue card.

[marcus]

Re: Ron Paul warns of dollar collapse

At around 2:40 you can see him reading from the cue card.

I can't take anything Ron Paul says seriously as the dude has absolutely no charisma. Even Bush was a more interesting guy than this bozo.

[Magus]

Re: Ron Paul warns of dollar collapse

At 0:49 ... "the third event" ...?

[Kire]

Re: Ron Paul warns of dollar collapse

I considered buying some gold. Still considering.

[Sampson]

Re: Ron Paul warns of dollar collapse

I considered buying some gold. Still considering.

Stop considering and do it.

We've had a recent correction in the price of gold. Take advantage.

Why would not buy gold? What are the other alternatives?

If you're not going to buy gold at least buy some stocks of companies that you have done research on and have faith in. Don't hold paper and don't put it in a bank account collecting next to nothing in interest.

We should've had massive deflation, but we didn't and we won't. The government and the Fed are run by Keynesians who will do everything in their power to stop it. (He's called helicopter Ben for a reason)

[Alzar]

Re: Ron Paul warns of dollar collapse

Something that quadruples in value in 10 years is not considered a bubble because (?)

[The Toecutter]

Re: Ron Paul warns of dollar collapse

Something that quadruples in value in 10 years is not considered a bubble because (?)

...because among other factors, historically, gold prices have been about the equivalent of $1,100/oz in today's dollars. From the drop in value from the mid 1980s onward, gold has been at a much lower dollar value than it has historically been. During the mid 1980s to just 2 years ago, gold has been extremely cheap, relative to the amount of goods an ounce could buy given the currency value of the time. This changed in 2008. Gold became slightly over-valued recently and later had a slight correction to the opposite direction, but the long term trend is that in early 2010 dollars, expect gold to be around $1,000-1,200. If we have hyperinflation, it will likely hold that same value it does now in terms of the amount of commodities you can buy per ounce of gold as it does today, but the difference is that your currency would be worthless in that scenario. Further, the Federal Reserve has played a role in manipulating the price of gold downward. An upward correction in price has been brewing for years, and now we have it.

[The_Real_Crunk]

Re: Ron Paul warns of dollar collapse

When you "buy gold" dont they just give you a wimpy little paper ticket saying how much gold you own, and not the actual gold itself?

[Sampson]

Re: Ron Paul warns of dollar collapse

When you "buy gold" dont they just give you a wimpy little paper ticket saying how much gold you own, and not the actual gold itself?

Depends. You can buy bullion (which is the real thing), you can buy the GLD (which is just a paper ticket saying how much gold you own), or you can even "buy gold" by buying the stocks of gold mining companies.

I have gone with the later because I am confident that gold will rise enormously. If I was not so confident, I'd buy bullion. Buying the GLD is similar to buying bullion, except much easier. However, you don't actually own the investment so you're going on faith.

Buying the miners is like buying a derivative of gold. If gold goes up, they will go up higher. If gold falls, they will fall lower.

For example, back in May I bought a mining company called Ivanhoe Mines (IVN) at ~$5.30 per share. At the peak in the beginning of January, it was at about ~$17.30 (which means I made about 326% on my money) Now its a little under $14 which the recent correction in gold.

[Red Dragon]

Re: Ron Paul warns of dollar collapse

So...

Vote for me or you're all gonna be poor and die.

Thanks Ronny.

[Czechs Mex]

Re: Ron Paul warns of dollar collapse

So...

Vote for me or you're all gonna be poor and die.

Thanks Ronny.