80 responses to “Ron Paul: Gold Is the Ultimate Money”

  1. Walter Schwenk

    Ultimately, the greatest value is in a life lived with integrity, peace, and contentment. On a material level though, even gold has its ups and downs. The bible (earths oldest and best respected history book) supports gold and silver as the standard of exchange value. Yet inflation still can occur with gold, as in the flood of gold at the discovery and looting of the Americas, and at the Roman looting of the Jewish temple in year 70. Increased supply equals lower value. And don’t forget the prophecy of gold and silver being discarded in the streets, presumably in times of severe famine, when the biggest value is in food.

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  2. Joshua Vig

    Paul Krugman dislikes this video.

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  3. hserokdivad

    Ron Paul is the ultimate warrior.

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  4. satchelmcqueenvideo

    Ron Paul My President” this is what i had a print shop make to go on the back of my jeep.

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  5. mrearlygold

    That ‘s my President

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  6. ShieldsJohnny

    Look up bitcoin. It’s an idea that’s way ahead of it’s time. Bitcoin is a virtual currency that passes the scarcity test because it is virtually “mined” by a solving a difficult computer problem. Unlike gold mining, the only environmental impact is the power to run servers to solve this problem. It’s also completely decentralized, open-source and unable to be printed at will by a government.

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  7. richardflog

    I voted Paul in the primary, Johnson (L) in the general election.

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  8. EgadsNo

    Ron Paul wants currency backed by commodities- he often points to gold and its track record, but he also pushes for other commodities- the US used to (might still) have the worlds largest supply of helium, we have large supplies of almost every element actually in case of war or unique uses are found for them. Not all the eggs in the basket would be gold. Our national parks should not be our debts collateral covering fiat currency that we all depend on. That is scarier then transmutation.

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  9. EgadsNo

    Gold has many uses, its antibacterial- good electrical and thermal properties, in many ways silver is the same and used in bandages and electrical contacts, most of the silver ever mined has already been lost to these types of products. If we could make more gold- we would use it more, the market could control the price better then govt. This however is all a bit of a distraction from the point though (continued in reply to this comment)

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  10. Jarrett Mattson

    The same problems would plague us under silver and gold. The real problem is the allocation of resources by our puppet governments. Where would we get all that silver and gold anyways? If we declare our currency of no value, why would somebody trade us gold for it? We’d have to barter things of real value for it to the few people who dominate the gold inventories. That would drive the price of gold to astounding heights.

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  11. Chris Coxx

    Its sad.

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  12. Chris Coxx

    Its sad.

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  13. Brian Hawkins

    Look up the characteristics of good currency. Sea shells fail the scarcity test. Literally anyone could scoop buckets and buckets of sea shells. Would that make them any wealthier? No. Mining gold, on the other hand is expensive and time-consuming. It could very well be that a good farmer could sell his crops for better profit than a mine-owner. Thus the free market sets price.

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  14. bleckmon

    Gold and silver was the peoples money which was chosen after years of barter in the marketplace they settled on it. Under weights and measures it was used then governments came in and took over by adding their face on the money and then replacing it with paper. Gold and silver is a great store of value, easy to recognize and people used it. Paper money only benefits the bankers and governments and the people are left losing the value of their savings. Gold and Silver is the opposite.

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  15. bleckmon

    We need a Ron Paul in every state government and every government entity in washington.

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  16. Baldwynmayhem

    mate, at the end of the day, what did the romans consider as money, what did they coin? Which metals? the answer is silver and gold, that’s all Ron Paul is saying, ensure a currency’s legitimacy by using a tangible accepted commodity, which has been gold for thousands of years. As you say however, all commodities are worth something, just not universally accepted as “the currency of choice” as gold is

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  17. walktheworld

    I think Dr. Paul was refering to times of crisis, such as European Jews paying for transit in gold and jewels to escape the Nazis, or South Vietnamese being allowed to leave by paying five teals of gold, no substitutes accepted.

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  18. WoodlandRavah

    ["poverty existed long before fiat currency"]
    In this modern era, it doesn’t have to.
    ["it has more to do with the fact that people continue to reproduce despite not having the 'proper' resources available."]
    >Malthusian Detected< Then you’ll have to explain to me how we got this far, or why you think it can’t get into the trillions.
    ["unless they can exchange it with somebody else for things they actually want."]
    Any country on EARTH would prefer payment in gold.

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  19. WoodlandRavah

    ["poverty existed long before fiat currency"]
    In this modern era, it doesn’t have to.
    ["it has more to do with the fact that people continue to reproduce despite not having the 'proper' resources available."]
    >Malthusian Detected< Then you’ll have to explain to me how we got this far, or why you think it can’t get into the trillions.
    ["unless they can exchange it with somebody else for things they actually want."]
    Any country on EARTH would prefer payment in gold.

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  20. djancak

    he puts a large emphasis on gold. at 2:14 he says history has proven that gold is money. history has proven far more than gold to be money, which includes fiat.he then brings up that you couldn’t trade one nation’s currency at the border for the other, that you would use gold. this is patently false. you could use *anything* that the person would be willing to accept, including gold, food, drugs, or pesos. he is right about the danger of QE being used to prop up the bond and stock market, though

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  21. Jarrett Mattson

    Why don’t we do sea shells? Then it wouldn’t be limited to the mega rich who can afford to create or obtain it raw. Is gold our strength here in the US? Maybe we’d be better off mining some other metal or combination of metals? How are we going to crowd them out to curb the excessive spending and wasted opportunities?

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  22. mercen144

    RON PAUL is our President.

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  23. mercen144

    RON PAUL is our President.

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  24. Brian Hawkins

    As long as there is no monopoly, there isn’t a problem. There are so many sources, that it would be realistically impossible for anyone to obtain every one. Thus, theft by inflation is also impossible.

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  25. Jarrett Mattson

    What about guarding against over mining, transmutation, and anything else I don’t know about.

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  26. Brian Hawkins

    Ultimately everything is a commodity. “Money” is merely the most tradable (and therefore most desirable) commodity. We’re still using a barter system, except most of us have agreed to use a certain commodity as a standard of value. Currently that commodity is a piece of paper. It has no real value, but it has illusory value because we’ve all agreed to the government’s fiat declaration. At its core, the gold standard isn’t about inherent usefulness, it’s about preventing theft through inflation.

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  27. Jarrett Mattson

    It’s conductivity makes it useful, there’s a bunch of it on this computer. Our US labs come up with way more awesome stuff all the time. I think people are overbuying on that premise. Thanks, I’ll have another cup.

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  28. Jarrett Mattson

    If you want to buy and sell gold as a commodity, that’s fine. Why not leave it as a commodity and keep the prices low so we can enjoy the indirect benefits of industrial uses for gold? If paper products are a suitable form of exchange, why not use it? I think the real weakness in confidence is the FED source. As for me, I’d rather have a cup of coffee than something I’d have no immediate use for.

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  29. Bryn Dennehy

    Jarrett Mattson, gold is one of the rarest elements in the universe. It’s the most electrically conducive metal known to man, and lasts many years without decay. It has been used as currency for thousands of years, and has outperformed almost every single stock in the last 15 years in dollar terms. Maybe you should have another cup of coffee.

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  30. papitosabe

    so the ole, Kick the Can, and the Hell with the Kids” song eh? Love that..

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  31. JULIAN JONES

    THATS HOW THY DEFEATED RON PAUL. BY STEALING

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  32. JULIAN JONES

    WHATS INTERESTING TO ME IS THE FACT THAT DURING HIS CAMPAIGN NO ONE WANTED TO HEAR FROM HIM NOW LOOK. HE WAS MY PRESIDENT AND IN MY EYES HE IS MY PRESIDENT I JUST WISH HE WOULD HAVE ONE THE REPUBLICAN VOTE TO RUN FOR PRESIDENT BUT JUST LIKE HOW BUSH BEAT GORE

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  33. TheOnlyGrooveen

    Rand Paul 2016!

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  34. Brian Hawkins

    Are you trying to use the principle of supply and demand to prove that coffee is more valuable than gold? I think you need to study the principle of supply and demand again. Oh, and check current exchange rates of coffee and gold too. That might help too.

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  35. Jarrett Mattson

    Sure you all can ridicule me and thumb me down, but nobody wants to talk economics. Who are the real sheeple?

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