Tuesday, March 13, 2012

Ron Paul – Gas Costs a Dime a Gallon in Sound Money - Silver

Despite a gimpy video connection from Clute Texas (south of Houston), Dr. Paul managed to get his message across to the CNBC Squawk Box team Tuesday morning. 

CNBC’s Becky Quick:  “Newt Gingrich has come out for his campaign for how he plans to keep gas at $2.50 a gallon. What's your plan for tackling gas prices and how do you want to help the American voter?”

Dr. Paul: “To make my point, I would say if he had sound money, it would cost a dime in terms of silver, that's what you would pay for the price of gasoline right now. It's not the price of gasoline that is going up, it's the price of the dollar is going down. The regulations and the lack of drilling and competition and production is one thing. so, deregulation certainly would help, but that's -- you know, we all know about supply and demand of the product, but very few people talk about the supply of the monetary unit…”

Worthy of sharing.


Source:  CNBC



The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

"I've been a huge fan of Gene and his amazing work for years..."

Brien Lundin, CEO, Jefferson Financial, Host of the annual New Orleans Investment Conference and Publisher of Gold Newsletter

Contact Us