Commission Needed to Reconsider Gold Standard: Sen. Rand Paul

Kitco News caught up with Senator Rand Paul on the sidelines of FreedomFest in Las Vegas to discuss the gold standard. His father, former member of the US House of Representative Dr. Ron Paul, has been known to advocate a return to a gold standard and Kitco News’ Daniela Cambone asked Sen. Rand Paul if he would carry the torch. The senator thinks a commission would be needed to study whether a gold standard is feasible. Paul aims at bolstering the US dollar and he thinks the issue of QE needs to be addressed. “Bernanke has been expanding the money supply exponentially and it is leading to an illusion,” Paul said. This illusion led to the recession we are in now, Paul added. WATCH NOW to hear his take on the US economy and the gold standard. Kitco News, July 16, 2013. (show less)

Kitco News caught up with Senator Rand Paul on the sidelines of FreedomFest in Las Vegas to discuss the gold standard. His father, former member of the US House of Representative Dr. Ron Paul, has been known to advocate a return to a gold standard and Kitco News’ Daniela Cambone asked Sen. Rand Paul if he would carry the torch. The senator thinks a commission would be needed to study whether a gold standard is feasible. Paul aims at bolstering the US dollar and he ... (read more)

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.