 Former Republican Congressman Ron Paul and the Chief Ambassador to the Gold Co took to Twitter this week to see where his followers would Invest a $10,000 gift, but with a catch. He joins us on the line now. Dr. Paul, welcome back to the program So this week Dr. Paul you asked your followers how they would invest $10,000 but with a catch You must keep the gift in the form that you choose and you can't touch it for 10 years Now you provided four options u.s. Dollars gold u.s. Ten-Year Treasury bonds and Bitcoin Bitcoin won by over 50 percent. Dr. Paul were you surprised by the results? Yeah, a little bit I was a little bit But of course I wasn't surprised that only 2% would Store away Federal Reserve notes. That was good that they don't have much confidence Federal Reserve notes nor do they think they Should buy Treasury bills, but there was a contest a little contest between gold versus Bitcoin gold had 36% but Bitcoin had 54% So it sort of was information for me to tell Tell me where where my viewers are and what they're thinking and most people know how strong I am with with gold And I'm tolerant of Alternative currency, you know competition in currency, but I was a little bit surprised that that many people would Stashed away. I mean it would have been it was a reflection of what happened today Of course Bitcoin is very exciting and people are it's booming But if they they don't have a long-term perspective, what's it going to be like in 10 years? Nobody nobody knows, but we have a pretty good idea where gold will be In a general sense. It's been around a long time and it's not going away So, you know as you as you pointed out most of your followers are known as you know devout Gold aficionados so so those numbers are are a bit surprising Do you think that's part of the reason that gold has been hurting? You know, are we seeing? Investors flocking to Bitcoin choosing Bitcoin over gold here And I don't know whether it's exactly that but I guess the mood isn't such but I've you know, not thought it was totally Gold being in a totally bad shape because I I keep thinking that that last January when gold was a 1050 that it was a pretty good start for the next cycle and I claim I've seen two previous cycles one in 71 going from 35 up to 800 and I also saw one at 270 going up to 1800 and then there was this correction So I think that we still could be in a phase where gold will and will take off It's just a matter of figuring out when but I don't think they directly say well, I'm not buying gold today I'm going to buy a Bitcoin. I think it's a reflection really of inflation The Fed has created so much money and it's floating out there and there's a lot of speculation going on This just looked like an option and people caught on to it and sort of like a fever But you're not going to jump on that Bitcoin bag what bandwagon just I haven't been tempted at all But I I find it fascinating and I you know because my position is both what I would do as a personal investor And and what I do in politics as far as that legalizing competition I I think that real money started in the marketplace without government and they always pick gold and silver and something of You know real value and I think they would again, but you know to change Sentiments quickly after living with central banks for so long in the world and golf with central banking It's a it's a it's wild to change attitudes But you take a country like Zimbabwe and Venezuela they change your attitudes rather quickly when they get into big trouble So switching gears here dr. Paul the markets continuing to make new highs today But you have doubled down from your previous 25 percent correction call to now saying we could see a 50 percent Retracement why the conviction and when well, it just looks like it's it's so artificial and Pre-shows look like they're getting out of hand. I think our debt is you know, you know in a bad situation I don't have any trust in the government. I think this talk of Saving the economy and preserving, you know prosperity with a tax bill Which I don't think they even know yet what's going to happen They don't even know if the government's going to close down this week I have so little confidence in washing and the spending is going to continue the deficits are going to go up we have the Federal Reserve and they're going to keep printing money and So I I just think that this market is overpriced But I'm not I don't trade the stock market and I don't try to tell people exactly what to do with our money Dr. Paul, thank you so much for your thoughts today. Thank you. Nice to be with you and thank you for watching