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January 28, 2014 AT 6:22 AM
Former Texas congressman Ron Paul discusses the virtues of gold in an uncertain economic environment. That comes after the worst year for gold since Bill Clinton was in the White House. Paul says, "I don't see gold so much in short-term because I see it in over a 100-year period." Paul believes gold is at the bottom of its cycle. With continued stimulus, growing national debts, and market fear, Paul says investors will flock to gold. Besides aesthetic reasons people like gold, Paul says it also serves a practical policy purpose.