Futures Now

Ron Paul Blames Obama Administration, Goldman for Gold Decline

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Ron Paul's Gold Rant

The recent 13 percent two-day plunge in gold led investors to look for reasons. People have blamed the talk of Cyprus selling their gold, gold's general underperformance this year, or a larger move away from risk-off assets.

But Ron Paul points his finger at two potential culprits: The Obama administration, and Goldman Sachs.

In a wide-ranging interview on CNBC.com's "Futures Now," the former U.S. representative from Texas noted that 53,000 gold contracts had been sold amid gold's decline, potentially moving the market. And Paul implied that someone in President Obama's administration could be behind it.