Ron Paul - CIGARETTES better than MONEY!!!

Ron Paul. Was ment to be the real president. Damn Obama. Bush. Cheney. FUCK YOU AND YOUR LITTLE NWO FAG SQUAD

@mrkanicky - I am black and supported Barack Obama, 1 month after he was elected I heard about Ron Paul.....I was MAD...They say that he couldn't 100% change the world, but I said that he could at least start a spark that will later change the world. If it is so that he runs in 2012....VOTE RON PAUL

Not true Korona. Gold and silver are strong, can be melted over and over and converted into many shapes and it can be carried around without to much trouble. Also, you can't live in a negative(debt) world with gold and silver.

C'mon man, one million dollars in Gold would require a truck to move. Any high value physical object has significant difficulties in trading it which is why we use receipts.

However where gold receipts are are only secured against this metal that had very little practical value for most people, the value of currency is secured against all the goods and services in an economy.

Haven't you been watching the value of gold against the US fiat ink and paper dollar lately?
What is one ounce worth in paper right now?
Figure it out...

On the other hand though, I'm glad to see that you realize there is a true value to having fiat paper money anchored down to something solid like gold and silver.
Yet again though, that hasn't been practiced since Nixon closed the gold window completely.
They just print it now, which devalues it's purchasing power with each additional print.

study up - you thnik the currency is secured against all goods & services !? hah, lol, out of your mind. Only thing securing it is taxation authority of government...and that has limits so, as RP says, printing it at a certain point simply dilutes the pool of everyone elses money, and has potential moral implications.

He isn't talking about moving the actual gold. Also, No besides dental work and a very small percentage of technology development gold isn't practical, but it has been valued greatly for more than 5,000 years without faltering. If you want to talk about security then something that has maintained value for that long should be at the top of your list.

I actually agree with you, the value of gold is based on the faith people have in it and that faith is consistent and robust.

Gold is doing well at the moment but a few years ago you could say similar things about property. Obviously neither gold nor property will be totally worthless but I don't see why any one thing can be seen as a paragon of value. Every commodity has cycles.

Great points.
Consider though that Gold and Silver have been a paragon of value for thousands of years and are called "just weights and balances" even in the old testament.
Property is a just measure as well, but it *appeared* to lose value, although it was REALLY an artificially created "bubble" of overly *inflated* value of real estate.
So that when the "bubble" was popped, and all the air was let out, the true prices fell back down to reality, and perhaps it more because of disappointment.

Ru kidding? It's Dr. Ron Paul, where have you been? Get off the TV and Join C4L!

Ron Paul is my President!