Ron Paul appeared on Bloomberg to defend his investment portfolio, which has lost a tremendous amount of value in the past few months coinciding with the steep drop in gold prices. The anchors pressed Paul on how he can reconcile his losses of over 40% of his value but he countered by challenging the long term value and stability of the American dollar. He argued that long term gold is a still a better investment and now that the price is down, now would be an excellent time to buy more. Paul’s confidence in gold has never wavered, but his interest in Bitcoin is a different story.
Bloomberg has the story in two parts below.