Former Congressman Ron Paul appeared on CNBC.com’s Futures Now yesterday afternoon to discuss why he believes gold “always goes up.” He noted that even five years after the economic crisis, the so-called economic recovery was failure.
“What happens now when the next recession starts under these conditions, where you still have … 20 some million people underemployed, 47 million people on food stamps, and you have a downturn? All they can do is spend more money and print more money – and there’s a limit to this. And I think we’re at that point. … Eventually the market will rule, and it won’t be a happy scene.”
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Ron Paul is wrong,about the Fed printing money.They print fiat currency.It would cost govt,to provide money(gold).No cost to create fiat.