Is Gold Money?
It was interesting listening to Ben Bernanke's testimony yesterday at Congress. The Chairman of the Federal Reserve Bank of USA do not think that gold is money!
Wait a minute! Why then do Central Bankers hold gold as reserves all these years? Mr. Bernanke thinks Central Banks of the World holding gold reserves is due to tradition! Watch his testimony here :
Silver has been used as money since the earliest civilisations. History has documented how gold has thrashed fiat currency time and time again. Currencies of the past has lost it value but gold is still accepted across land and time.
Former FED Chief Alan Greenspan, (Ben Bernanke's predecessor) had this to say :
"Fiat Money has no place to go but GOLD!"
So, my friends.....
GOLD is MONEY!!!
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