Ron Paul talks about how erratic the dollar is, up and down, not to be compared with what’s happening with gold. The past couple of months of gold activity is how markets work as the dollar has experienced instability for many years. Ron talks about inflation limiting economic growth.
Ron was asked about what he feels the real price of gold actually is. Ron delivers strong
No two bull markets are ever the same, and gold is no exception.
During the last secular gold bull market in the 1970s, gold rose from $35 in 1968 all the way to $200 by late 1974.
Then the unthinkable happened. Between late 1974 and mid-1976, gold prices were cut in half, dropping from about $200 to $100.
At the time, many gold investors sold out in disgust, never to return.
But then a funny thing occurred. Gold prices started to climb again, rising from $100 in mid-1976 all the way to $800 by January 1980.
And anyone who was fortunate enough to own gold at $35 earned better than 20 times their investment in just 12 years.
Twenty-one years later, a new bull market began. Since 2001, gold has consistently performed in
