Ron Paul: ���Not a Total Shock��� If Stocks Drop 25% and Gold Jumps 50% by October

In a recent appearance on CNBC, former Republican congressman and outspoken libertarian Ron Paul suggested that those euphoric stock market investors who���ve seen monstrous gains in their portfolios for years now���might want to re-think their positions just a bit before too much more time passes.

Paul, speaking on ���Futures Now,��� echoed the sentiments of a growing number of learned voices who believe not only the market activity of recent years is unsustainable, but that the underpinnings of the nation���s economy are not nearly as strong as many think. As a matter of fact, Paul thinks that the market is in for a major correction, and that precious metals will benefit from the significant backslide in equities.

���If our markets are down 25 percent and gold is up 50 percent it wouldn���t be a total shock to me,��� said the congressman.

���I think it���s a very precarious market, and the Fed better be very careful. Since they are incapable of knowing what to do, I don���t expect much good to come out of anything they do,��� Paul continued.

���There are so many mistakes made out there that the correction is almost unlimited.���

Paul conveyed the thinking of many right now when he added:

���People have been convinced that everything is wonderful right now and that stocks are going to go up forever. I don���t happen to buy this. The old rules always exist, and there���s too much debt and too much mal-investment. The adjustment will have to come.���

By Robert G. Yetman, Jr. Editor At Large