Truth be told the main reason I started investing in precious metals is Ron Paul. And, truth be told, the main reason I’m not interested in selling any of my silver or gold (or mining stocks) is also Ron Paul.
As a fairly novice investor, I’m quick to acknowledge that I lack sophisticated knowledge about many of the terms, concepts and topics that seem to influence more experienced or “professional” traders.
For example, I know nothing about “technical analysis” or “Fibonacci waves.” I’m also pretty clueless about the workings of futures markets - “naked shorts,” “concentrated positions” and the like.
For people like myself (who will probably never take the time to become experts in the intricacies of the precious metals trading worlds), a substitute investing strategy requires the identification of a “guru” we believe in and trust more than any other figure, and then simply follow his advice.
That is, we trust our “instincts” about individuals who we believe have, time and again, demonstrated they know more than others. We look for people who have consistently displayed keen instincts, people who we have come to believe have deeply studied a topic(s) and have reached unwavering conclusions based on their in-depth studies.
For me, this person is Ron Paul. This is the man, more than any, I put my faith in.
Of course, as gurus go, Ron Paul is a faith-tester. He is the definition of a “contrarian” and probably the Father of Political Incorrectness.
Even now I can hear some readers pecking away at their keyboards in rebuttal: “So how has that Ron Paul ‘advice’ worked out for you lately?”
Well, in the last nine or so months (when the USD prices of gold and silver have plummeted), not very well at all.
But then again - thanks in part to the teachings and pronouncements of Paul - I haven’t been in the market to sell my precious metals. In fact - a contrarian like my mentor - I’ve been buying the stuff. For me, acquiring silver is a long-term play (and Paul, a great student of economic history, is definitely a long-term thinker).
However, if I had “discovered” Ron Paul when he first entered national politics in the late ‘70s - and followed his advice to acquire gold and silver - I’d be rich by now and composing these columns at my beach home.
So why do I put my trust in Ron Paul? Why do I think that his analysis about the macro economy is spot on, and that his predictions for the future will become reality at some point in time?
Simply put, because just about everything he’s talked about and warned us about in the past has come to fruition (or is clearly coming to fruition even as I write).
What follows are “talking points” emphasized by Paul over the course of decades. As you will see, many of these positions and statements provoked boos (literally) from his audience, and certainly derision or ridicule from the mainstream media and mainstream political class.
But Paul has nonetheless stuck to his convictions (one of many reasons I’ve come to admire him).
Here’s a sample of Paul’s political and economic positions with comments about how his once controversial pronouncements are perceived years later.
