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Ron Paul – Would He Be An Investor of Gold and Commodities?

Posted on | October 5, 2009 | 5 Comments

Ron Paul has been adamant about Ending the Fed or at least having a complete audit of the Federal Reserve Bank finished no latter than December of 2010.  If he is against the policies of the Federal Reserve Bank one would think he would be an investor of Gold and Commodities, correct?  The Federal Reserve has been given the power to print as much money as they deem necessary.  The issue at hand is that the printing press of a Fed has decided to print trillions for any major financial concern they feel is an issue.

The Fed has printed trillions to bail out GM, AIG, investment banks and “bad” banks.  They have also accelerated the national debt buy printing money to buy US Treasuries and mortgage backed securities to hold mortgage interest rates down.  Ron Paul has voted no against any bill that increases the deficit.  Any bill that the Federal Reserve Bank is part of has caused a drastic increase in the deficit.

Ron Paul is also in favor of a withdrawal from NATO and the United Nations.  He supports free trade and the abolishment of federal income tax.  One of the most important issues that Mr. Paul is attacking is the ending of several federal agencies that he feels are unnecessary and unconstitutional, namely the Federal Reserve Bank.

The Federal Reserve Transparency Act, H.R. 1207, was introduced by Mr. Paul to the House of Representatives on February 26th.  The bills calls for a complete audit of the Federal Reserve Bank.  Paul believes that printing money not backed by one or more intrinsically valuable commodities such as gold, silver, copper, sugar or platinum is creating a counterfeit currency.  Paul stated, “Since 1913, the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation?”

With this in mind one would have to believe that Ron Paul is in strong support of investing in gold and other commodities.  Jim Rogers and Peter Schiff have already expressed their strong interest in the investment of gold as Schiff feels that gold is going to $5000 in the future.  Jim Rogers has been an investor of commodities since 1999 and feels the fundamentals remain strong for the commodities bull market.

Related Article: Peter Schiff Agrees with Jim Rogers; Invest in Gold and Commodities

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Author: Alan Lake

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Comments

5 Responses to “Ron Paul – Would He Be An Investor of Gold and Commodities?”

  1. Peter Schiff Agrees with Jim Rogers, Invest in Gold and Commodities : Subprime Blogger
    October 5th, 2009 @ 6:29 am

    [...] Related Article: Ron Paul – Would He Be An Investor of Gold and Commodities? [...]

  2. spinnikerca
    October 5th, 2009 @ 10:29 am

    I almost hate to say it because he is entitled to privacy as much as anyone, but his financial reports shows how he invests and gold mining companies etc. are definitely the focus. I don’t think he gives investment advice per se, though.

  3. Ron Paul Fan
    October 5th, 2009 @ 10:46 am

    Ron Paul is an investor in metals. He also invests in the actual mines that produce the metals.

  4. Ron Paul Fan
    October 5th, 2009 @ 10:46 am

    Found the link:
    http://seekingalpha.com/article/84359-ron-paul-s-investment-portfolio

  5. JoeP
    October 5th, 2009 @ 10:56 pm

    Gold is the only real money. Go to GATA.Org to see why gold may be going well over 10,000 by next year. Buy guns, ammo and gold!

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