VIDEO: Fed Chairman Ben Bernanke says gold is no money. More explanations why gold is has been - and is - money for 4,000 years can be found here:To Puzzled Ben Bernanke: Gold Now Again Serves As M-O-N-E-YClick here to go to the The Prudent Investor homepage for more interesting posts.
Wednesday, July 13, 2011
Watch this historic exchange between Congressman Ron Paul and Federal Reserve Chairman Ben Bernanke. Fast forward to 4:25 minutes to see and hear Bernanke claiming gold is not money and the Fed only holds it out of tradition.