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Bernanke: Gold is not money


Central banks hold onto tonnes of gold as a matter of "tradition".

This is the guy "Nutty Professor" should have been about.

Begin at the 4:30 mark.


Entry #587


jarasanComment by jarasan - July 13, 2011, 8:58 pm
Thank You!
TigerAngelComment by TigerAngel - July 14, 2011, 12:39 am
Yeah, I heard about this. Thnx for posting.
four4meComment by four4me - July 14, 2011, 9:30 am
country's have always used gold as a monitory standard until oil came along
truecriticComment by truecritic - July 14, 2011, 11:12 am
CapitalOne might ask..."How much 'assets' do you have in your wallet?

Some foods have gone up 100%.   Pistachios happen to be in a current circular on sale $5.99/lb. About 2 yrs ago, same store, they were $2.99/lb. I definitely believe the 35% figure for many other food items.
four4meComment by four4me - July 14, 2011, 11:15 pm
when the fuel prices went up so did everything else especially goods and services --- went the fuel prices lowered the goods and services didn't change.

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