Ron Paul’s Response to Donald Trump’s Attack on Gold Bugs is Simply Awesome
Presidential candidate Donald Trump is bashing gold ownership, but former Congressman Ron Paul was quick to shut him down.
In a latest interview with Fox Business, GOP frontrunner Donald Trump said he considered investing in gold. But now that we’re off the gold standard, it doesn’t seem like we’ll ever go back to it again. Trump said, “Gold used to be something I used to like but I have not bought gold, no.” (Source: Ron Paul on the benefits of buying gold, Fox Business, October 23, 2015.)
In response, the libertarian activist Ron Paul took to Fox News to respond to Trump’s views on gold. Ron Paul responded to Donald Trump saying Trump’s lack of interest in gold is a buy signal for gold bugs. According to Ron Paul, it fares well for gold bulls to have more sellers out there because it creates a great entry point for long-term investment in the yellow precious metal.
Ron Paul also maintained that gold prices will go up even if inflation appears to be low. He is of the view that even if government-released economic inflation numbers seem low, the inflation often translates into higher stock market prices, which we’re witnessing at the moment.
You can watch the entire interview here.