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The intrinsic value of gold does not exist. I saw Paul on a Sunday news show once try to defend his position by saying that if there was a shipwreck with gold and currency, we could dig up the gold years later, but the currency would have perished. Its nonsense. Gold has as much value as any arbitrary currency, i.e., whatever value we agree it has.
The other argument they make is that there is a finite amount of gold in the world, whereas currency could be essentially infinite. This is equally stupid, because it make economics a zero sum game. Trade works best when it makes both sides richer, an impossible task in a mercantile economy; that is why anyone who believes in free trade hates the gold mongers, and probably why news organizations dislike him, too. A gold-mongering president would cost everyone money.