Everyone's Buzzing About Bernanke's Controversial Comments About Gold

News Link  •  Federal Reserve

07-13-2011  •  Businessinsider.com 

 

A line from Bernanke's testimony this morning is getting some folks all atwitter. First he was asked by Ron Paul whether he thinks gold is money: He said "no." Then he Ron Paul asked him why Central Banks hold so much: He answered "tradition." Now this is the classic gold bug argument: Because gold has been used as a store of wealth for eons, it still should have value.   Read Full Story


Reported by Jack Gregson