From: Dauntless Hunter | #104
I like how you completely ignored what I said about returning to the gold standard possibly making things WORSE for the nation. If you disagree fine, but explain why what I said was wrong.
You're giving into the fallacy that somehow gold is an alternative to investments. It isn't. It's an alternative to dollars. I won't claim to know for a fact whether the gold standard would "bankrupt the nation" (as if we aren't already?). But if you're going to make implications that Ron Paul favors sound money solely because he will benefit financially, then we might as well question whether every other candidate only favors fiat currency because THEY benefit financially from THAT choice of money.
And I wonder, exactly how substantial are Paul's holdings in Gold? Let's say the Gold standard somehow completely collapses the currency and makes dollars worth zero. Provided his holdings in PMs are anything less than half of his entire portfolio, he still loses more than he gains.
I mean, I have 5% of my net worth invested in PMs. If the currency collapses, that's absolutely great news for my 5% investment.... and it also means that 95% of my net worth is now worthless, so I'm not exactly hoping for hyperinflation here...
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