When asked how high the gold price would go and why, congressman Ron Paul said:
“well, the question is how much lower is the dollar going to go in purchasing power? and i said to infinity unless we change our ways. because if you look at the gold/dollar in 1913 when the fed started, we've lost about 98% of its value.
So if we continue to do what we're doing, it could go to infinity. it's the best measurement of the value of the currency. there's no advantage to anybody to have a weak currency. the gold tells us that we have a weakening dollar and a weakening currency, but the whole world does, so it's hard to sort out. so it's going to go up a lot more, which is virtually saying the dollar has a long way to go down on purchasing power. that's why the middle class gets wiped out and that is why the standard of living is going. down for the people, they already know it, and that's why there's people very unhappy in this country and
they'd like to blame a few people for all of the problems rather than looking at the philosophy of government, the monetary system, and the spending. because that's where you can find the answers to our problems.”
So if we continue to do what we're doing, it could go to infinity. it's the best measurement of the value of the currency. there's no advantage to anybody to have a weak currency. the gold tells us that we have a weakening dollar and a weakening currency, but the whole world does, so it's hard to sort out. so it's going to go up a lot more, which is virtually saying the dollar has a long way to go down on purchasing power. that's why the middle class gets wiped out and that is why the standard of living is going. down for the people, they already know it, and that's why there's people very unhappy in this country and
they'd like to blame a few people for all of the problems rather than looking at the philosophy of government, the monetary system, and the spending. because that's where you can find the answers to our problems.”