Ron Paul spoke with Fox news about another crisis that is coming.  He states that we have a debt monster that is growing and that the U.S. is much worse off than it’s ever been.  He also states that we are headed down the path that a lot of the countries in Europe are on.  He believes that the foundation has been built for a currency crisis within the next 2-3 years, and that we will see massive amounts of inflation and disruption in the U.S.  What does he do to plan for the coming crisis?  He buys gold coins to protect his family.

Ron Paul has long been known for his candidness with his beliefs.  He is thought of by many as the man that this countries needs to get us back on the right track.  When he speaks people listen.  He has been an advocate for 10 plus years of not passing any bills unless we have the money to pay for it.  If this thinking was spread across congress we would not be in the predicament that we are in today.  Our debt is over $12 trillion and growing rapidly.  Bernanke has increased the nation’s monetary base from September 10, 2008 to March 10 of this year, from $850 billion to $2.1 trillion.  That is 2.5 times in 18 months.  This has never been done in U.S. history.

Jim Rickards recently wrote in a piece called Debt Denial, “The sovereign debt crisis has
crossed a threshold.  It’s no longer about economics.  It’s about math and a complex system whose dynamics tell us there is little time to avoid catastrophe and almost no exit. Going forward, elections and policies will matter less as the debt plague takes hold and dictates hard outcomes.  It is the case that real debt cannot be repaid through any feasible combination of growth and taxes.”

Between the words of Ron Paul and Jim Rickards we are in a dire situation that quite possibly cannot be reversed.  Inflation, hyperinflation and collapse of the U.S. dollar are possibilities that loom over us everyday.  They both endorse gold as an individual’s solution to protect oneself.  The time to own gold is now.  Many experts believe gold is going much higher before this bull market is over.  But that is not the main reason anyone should own it.  Gold is first and foremost a form of financial insurance, and should be treated as so.  Read more on the different types of gold and how to acquire them and get yourself protected.