Ron Paul on CNBC Squawk Box 5/17/10 Part 2

[quizerry]

Any Congressman or Senator that does not support Ron Paul's bill to audit the fed should be voted out.

[StealthSteez]

LOL she got so owned at 5:05!!! hahahaa $35 an oz, what a steal! Ron Paul's made a fortune off buying gold. Paul/Schiff 2012. I could listen to Paul all day.

[nomoreserfs]

We are all Austrians now!

[nomoreserfs]

Don't you love how they tried to pin the good doctor into a corner by implying that he missed out on the market because of the events in 1971 only to retort that he has been buying gold coins since they were 35 dollars an ounce. I would say he has done quite well and didn't miss a darn thing wouldn't you say? A simple concept that many Americans fail to comprehend because of the public fool system. Gold is money and paper is only the ghost of money.

[iFreedom4ever]

@nomoreserfs That was a great moment in the interview. I wish I had listened to the advise to buy gold/silver back in 2000. I didn't understand its purpose or the economics... but I do now. I've been buying on the dips since 2008.. I'm in the game.

[yadranko]

best interview ever!

[guitarland]

Once the interview with Ron Paul begins, they allow him to speak/teach almost un-interrupted for over 8 minutes. Great come back when asked how his golf reserves were performing.....a great buy at $35/coin. Glad I started to listen in the early 2000s. Thanks RP you are the greatest! and this is one terrific interview.

[guitarland]

@guitarland LOL i meant GOLD reserves (not golf) for you spelling Nazis

[orkhun2023]

@guitarland

I agree it was a great interview.  RP tells its like it is - I just wish more would wake up and listen to the truth this man dishes out.

[greatbroad]

Look @ canned tuna as one example of inflation: it used to be in a 6 oz. can here in USA. Today tuna is in a 5 oz. can. (haven't changed the 12 down to 10 oz yet, so I buy those)

[iFreedom4ever]

@greatbroad exactly, the incredible shrinking product is another form of inflation and when you add the increase in price for less product it's a double smack down to the consumer.

[iFreedom4ever]

1913: $1 = 1/20 oz. of Gold

2010: $1 = 1/1,230 oz. of Gold

That's a 98% decrease in value (purchasing power)

$1 in 2010 has the same buying power as $.05 in 1913

Become your own central bank and keep reserves (savings) in Gold and Silver.

[Pv8man]

@iFreedom4ever

That is, until the fed starts blaming the inflation on people storing gold in thier houses, and attempt to confiscate everyone's gold in exchange for dollars.

Just like they did during the great depression, read up on it,

History is already repeating itself, just in a more extreme version.

[iFreedom4ever]

@Pv8man I know what your saying. I'm aware of the 1933 gold heist (exchange) for FRN's. I won't be giving up my reserves.

[cowboy1165]

@Pv8man The fed can blame all and anyone they want. Many innocent people of that era trusted that the government was doing things in their best interest and they felt they should go along for patriotism. Even though many were duped into turning in their gold, it was less then a third of the country. Today I believe with the knowledge of the last confiscation, and the trickery of the government now exposed, the masses will revolt and it's not going to be pretty.

[Pv8man]

@cowboy1165

yes "cowboy1165"

that's very interesting point.

I would say that the best thing for the common person to invest in is Silver (the poor man's gold)

Silver is (for now) more available then gold.

But I do wonder if the same type of confiscation will happen, or maybe a different version of it.

[nogl0001]

not sure where that blond chick has been but the DOJ, NYSE, are about even over the last decided. So by not investing you lost the "opportunity" to hand you money to the crooks in DC and Wall Street.

[chewbaca1989]

Awesome! Wish I could afford to buy gold.

[iFreedom4ever]

@chewbaca1989 I feel your pain. Gold is getting out of reach, so buy Silver... the poor man's gold.

[iFreedom4ever]

END THE FED!