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Is Gold Money? Ron Paul Thinks So

Blog Mar 7, 2016

Well, that is a question, isn’t it? Is gold money? A hundred years ago if you asked an American, “Is gold money?” That American would have looked you up and down, chewed his chaw a little longer, casually lowered his drawing arm towards his pistol and then said, “You’re not from around these parts, are you stranger?”

You see, our Founding Fathers decreed that the money of the United States of America should be coined of gold and silver by the U.S. Treasury. The Founding Fathers did not want a central bank system. The Founding Fathers did not want fiat currencies, or corporatocracies either. The Founding Fathers were leery in general of banking. One other reason to use gold and silver as a currency is because a government cannot print gold and silver. Is gold money? The Founding Fathers thought so.

Is Gold Money? Ron Paul Thinks It Is.

Politics is something that people either like to engage in talking about, or they hate talking politics. Whatever side of the aisle you fall on regarding this question, the fact that Ron Paul served decades in Congress cannot be denied. Love him or hate him, Dr. Ron Paul was elected again and again by his constituents, and he represented them diligently. And by the way, is gold money? Ron Paul thinks it is.

Is Gold Money? Ron Paul Supporters Think So. They Coined His Likeness On A Gold Coin.

Is Gold Money? Ron Paul Supporters Think So. They Struck His Likeness On A Gold Coin.

Ron Paul served as a flight surgeon in the Air Force from 1963 until 1968. Paul began his career in Washington when he was elected to represent the 22nd Congressional district off and on from 1976 to 1985. He then was elected to represent the 14th Congressional District from 1997 until 2013. Paul ran three times for the Presidency of the United States. He focused his platform on fiscal responsibility, limiting and repealing taxes, and ending foreign wars. Paul is also a critic of the current banking system, and the Federal Reserve which supports the current banking system. Is gold money? Ron Paul says yes.

Is Gold Money? Ron Paul Should Know.

Dr. Paul has studied economics extensively. Paul is a Senior Fellow of The Mises Institute, which studies economics and monetary policy in a conservative fashion. Dr. Paul has also authored several books on economic policy and economic growth, as well as currency trends. In addition, Dr. Paul has successfully operated a financial newsletter campaign, and has also partnered in a successful company that sold precious metals and gold coins. Is gold money? For awhile you could order gold money from Dr. Paul. Dr. Paul separated himself from his precious metals business venture when he returned to Congress.

In addition to  studying monetary policy and economics, Dr. Paul chaired and co-chaired several Committees; such as the Committee on Financial Services, The Subcommittee on Domestic Monetary Policy and Technology, the Subcommittee on International Policy and Trade, The Committee on Foreign Affairs, and the Subcommittee on Oversight and Investigations.

is gold money? gold is honest money

Could It Be That Dishonest Men Dislike Honest Men?

In addition, Ron Paul is also famous for authoring and submitting legislation that would call for auditing the Federal Reserve, and restoring monetary policy in the United States to a true government branch, as described in the Constitution. Paul really wanted to disband the Fed, but felt that if an audit could be performed, the outcome would cause Americans to demand an economy and an economic system based in reality, not in ever growing debt that must be financed by thetaxpayers. Is gold money? Ron Paul does not think that Federal Reserve Notes are sound money, and he has pushed for their replacement.

In addition, Ron Paul has also taken stands against re-instating the military draft, stands against raising taxes, stands against unconstitutional war, and stands against massive military debt spending.

Is Gold Money? Paul Asks Bernanke.

Ron Paul was perhaps one of the least liked attendees of Congressional Hearings on financial matters. Being that Dr. Paul understands economic concepts and history better than most of his peers, Paul would frustrate and confound them with simple questions, like; “Is gold money?”

Ron Paul has always been able to amass a groundswell of grassroots support, and in election after election his supporters seemed to be marginalized or outright vilified. Imagine that, American voters vilified for supporting their currently elected official, but it happened.

As a fiscal conservative, Ron Paul was against any and all bail outs. He felt that many of the economic problems were inherent to the system in place, and creating even more money would not fix the problem, but rather exacerbate it. Ron Paul also felt that the Federal Income Tax could be eliminated, if the government were to downsize many institutions he felt were just expensive bureaucracies that existed to limit either rights or freedoms of the American people.

Is Gold Money? Ron Paul Says Yes In Front Of Thousands

Ron Paul Supporters Align With His Fiscal Conservatism.

Is gold money? You must decide for yourself. You can either join the new school of thought that says that governments can create unlimited money with no consequences, or you can join a studied fiscal conservative like Dr. Paul. If you believe that money must have intrinsic value that cannot be imbued by government, then you believe gold is money. You and Dr. Paul.

Sources & References In This Article

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