Been warning you about these paper promises, for a minute.

The write-ups are different, but the video is the same.

Pension Fund Ultimatum: A Haircut Looks Better Than a Beheading
http://lewrockwell.com/slavo/slavo48.1.html

So, there we have it, gold isn't money (at least according to Ben Shyster Bernanke*) and soon your retirement fund won't be money, either.

*BTW, didn't Shyster Bernanke say the subprime problem wouldn't spread into the rest of the housing market?