Last week, Ron Paul appeared on CNBC’s Futures Now and said he wouldn’t be surprise if the stock market crashes and the price of gold soars in the near future.
If our markets are down 25% and gold is up 50%, it wouldn’t be a total shock to me.’
The former congressman and presidential candidate said uncertainty is the rule of the day and that’s giving the market the jitters.
I think the markets are very nervous for good reason. They don’t know what to expect, and it’s unpredictable what the Fed will do. It’s also unpredictable how the markets will react. But I think if the signs are the economy is weakening even more so – and I don’t accept this idea that employment is magnificent and perfect and will last forever – so, I think if they raise rates again, it mighty be another factor. But right now it looks like some of those markets are a little shaky already.’
Paul pointed out that central planners are really incapable of knowing what to do. That means we should be wary of whatever actions they may decide to take.
This post was published at Schiffgold on JULY 3, 2017.
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