News Focus
News Focus
icon url

retiredyoung99

01/06/12 7:11 PM

#11176 RE: NYBob #11174

I absolutely do not share your views on Ron Paul. There are plenty of political boards--I hope this board does not become one of them.
icon url

SOUTHPEN

01/07/12 5:44 PM

#11182 RE: NYBob #11174

I agree Bob . If the U.S. gov't owned gold and silver as the constitution says it should and that gold and silver was locked away in a vault and all currency printed had to be backed by that gold and silver then USSIF price would skyrocket as would any other producer of gold and silver.Production would be value.Production costs would become marginal.Going with a gold and silver standard would be laws preventing any lending of that asset to provide a stable intrinsic value to both it and our currency in which the gold and silver remain intact as collateral.We need to hit a reset switch.Ron Paul has been saying this for 30-40 years.I think he would agree that to get this done it would be better at the International level.In other words all countries should participate.USSIF is a defensive investment,that's what people just don't get.The share price now is disappointing but matters little in the bigger picture.If an International agreement were reached to bring back the gold standard (even partial),Are we sure that gold,silver mines in South American countries would not be quickly nationalized? Are we sure the security of the area would be adequate for the labor and the product? U.S., Canadian and Australian based gold and silver mines will probably always have much higher capital costs to production and much higher costs to extract than any where else ,with in many cases lower grades and less resources ,yet deposits are worth more .Investors have to clue in that there is a reason for that .Ron Paul is of course a footnote on any discussion concerning the value of gold and silver and their miners.