Ron Paul goes over the historical and recent dynamics in the gold market to answer the question on every goldbug’s mind: Are we in a gold bull market?
Dr. Ron Paul provides a timely update on the gold market.
For everyone’s benefit, Dr Paul begins by discussing how we got to where we are in the gold market today, from the Bretton Woods Agreement to Nixon closing the gold window in 1971, and the subsequent action in the gold market since.
After explaining how we ended up where we are today in the gold market, Dr Paul begins to see whether we are in a bull market or a bear market.
Dr Paul believes that with all the spending and money printing over the last several years, especially since 2009, are ushering in a new gold bull market, and he says there are signs of that money coming out of the financial system and into Main Street. Regardless of what the CPI says inflation is or is not.
Dr Paul believes some of the dollars are moving into cryptocurrency, because so much has been printed, it needs a place to go.
Dr Paul says gold is not very exciting right now, but he believes that we are in a new bull market.
Dr Paul says that there will be a lot of money to be made in gold, but even if a person is not speculating in it, gold serves well as an insurance policy for a precarious economy.
All that and more in this market update from one of the foremost advocates of sound money: