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IPFS News Link • Gold and Silver
Should the U.S. sell off its gold reserves to pay down debt? That's the
latest idea being tossed around by gold bug Ron Paul. Not only would
selling Old Yeller help the U.S. pay its bills, says libertarian Paul,
but it would put more gold in the hands of the American people and pull
back the reins on the Federal Reserve, which is printing money like mad
and debasing the value of our currency. So insistent is Paul about this
strategy that he challenged the government to a gold audit to make sure
its stash of bullion at Fort Knox is really all there. (According to
the Treasury's inspector general, it is.) So is selling it a good strategy, or is Paul just a crazy kook?
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1 Comments in Response to Should America Sell Fort Knox's Gold? Is Ron Paul a Kook?
SELL the GOLD????
Instead, shut down the FED, coin the gold in current $1 denominations (if it takes sewing a slender thread of it into a cloth-paper dollar bill), and spread it among the people.