Friday, December 16, 2011

The Effect of Ron Paul on Bullion Prices

Yesterday, I presented a question, What effect would Ron Paul vs. Newt Gingrich have on precious metal prices if they were to win the 2012 presidential election?  Sorting through the comment field, I was reminded by PMBug who references HR1098.  While the macro picture may still require more research to understand the effects on precious metal prices and the corresponding presidential nominee, one thing remains certain...Fire up the Bandwagon and Let's get Ron Paul into the White House!!    


HON. RON PAUL of texas

in the house of representatives

Tuesday, March 15, 2011
Summary of the Bill: 
Free Competition in Currency Act of 2011- Repeals the federal law establishing U.S. coins, currency, and reserve notes as legal tender for all debts, public charges, taxes, and dues. Prohibits any tax on any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion issued by a state, the United States, a foreign government, or any other person. Prohibits states from assessing any tax or fee on any currency or other monetary instrument that is used in interstate or foreign commerce and that has legal tender status under the Constitution. Repeals provisions of the federal criminal code relating to uttering coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins. Abates any current prosecution under such provisions and nullifies any previous convictions.
Full Bill Found Here