Gold News Today: Why Gold “Could Go to Infinity”


Last Tuesday Former U.S. Representative Ron Paul said that gold “could go to infinity”. He explained that : “[The Fed] took a dollar and eliminated 98% of its purchasing power and they’re doing that more rapidly than ever but it just hasn’t been fully discounted. When it is, gold is going to be much, much higher.”

Gold is currently up by more than 8% for the year which may also lead investors to buy even more.

Yet, gold prices going up don’t necessarily mean that profits will do the same: it only reveals the falling of the dollar. It is not the value of gold that is going up, but rather the value of the dollar that is going down. Indeed, between 1913 and 2013 the dollar collapsed by more than 98%.

Gold prices measure objectively economic value, whereas the dollar is used as a tool. As Treasury Secretary John Connally famously put it in 1971 “The dollar is our currency, but it’s your problem.” Buying gold may be a good investment right now, but it should be done for the right reasons and not just considering wrongly evaluated profits.


I Know First’s predictive algorithm is one of the most reliable sources on future gold and commodities prices. Click here to see today’s forecast and some more gold news today.



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