Bernanke: "I Don't Understand the Gold Price"

[LibertyandEconomics]

He's lying.

[gliksmar77]

Gold is far too expensive for even average income people. Investigate 1oz pure silver coins.

[chrisMcG17]

@paulrprichard enough said

[jccusell]

Ben Bernanke is totaly cluelessly lying through his teeth.

[paulrprichard]

The other week Ben said that "Gold is not money".

JP Morgan said "Gold is money and nothing else".

[qpae123]

Whould the thief admitt he stole ur money?? lmao case closed

[mcswearsl]

Bernake is Lying through his teeth and he is a little bitch ass that wont be able to keep the ponzi scheme alive forever.

[evadidio]

And I' m Mary Poppins.If a guy in the position of Benny Bankster Bernanke doesn't understand the gold/dollar ratio, well, he surely can afford a super- specialist to be taught on it!

[zwdog922]

@ZerroRozario

Paper or metal take your pick...

[bfvaffel]

Is Bernanke jewish?

[haxidle]

@bfvaffel yes 

[Rico8458]

I am an Austrian. Please pay me in gold coins for my labor and work. I dont want fiat paper dollars. anything I make or produce or sell, you must pay me in gold. I also pay my employees in gold not paper. we are all happy and safe.

[evadidio]

@Rico8458 Hahaha... you' re right. EU needs gold standard again.

[ZerroRozario]

Years of an arduous toil are measured in grams of yellow, useless metal...

[phillipgaley]

@JDLUTZ2007 Actually, there will be endless theories, always; lives are not destroyed for other ppl's theories, but: "people are destroyed for lack of knowledge.", and: "You shall know the truth, and the truth shall make you free."—in a word, than knowledge, ppl resort to other things, and become gullible, . . .

[forexyard]

I was myself surprised to see this quote by Bernanke, but even the Fed chief is allowed to let one slip. He picks his words ever so carefully because every syllable that comes out of his mouth is examined 10x over.

[equsnarnd]

That is the question. Do these people know what they are doing and they just have ends in mine that would make them traitors or are they totally clueless. In any case they need to go.

[timesplitters333]

you a fool if you think Bernanke dont know what he is doing... he is working for a group that wants world control.

[1tuuber]

He is absolutely "lying right through his teeth." He will crash the dollar, and then Obama will "save the day" by bringing us the Amero. At least now it is possible to "End the Fed," but the Amero will be totally out of our hands.

[bigdeneen]

liar...

[a4finger]

lol Bernanke is a dumass

[theredpillxxx]

interest rates may be at zero because of deflation.Gold is the logical choice given the way congress and obama are spending money, but You have to ask yourself where is inflation?

Several industries are experiencing deflation, construction and materials,auto industry,electronics,and other durable goods.I won't buy gold now, it seems like the risk reward just isn't up to par given the run up in the last eight years.the gold run up is due to fear of inflation absent these 3 years.

[ellesstee]

@theredpillxxx Very true! How did gold get to $950 by 2008? The same way the stock market got to that ridiculous nearly 15000 just before the bust? Gold is already at its predicted "$2000" ...it got there while most people were putting money into big box houses and stocks. Too late now.

[inkey2]

@theredpillxxx I won't buy gold now either.....too much risk.....but....silver still looks good

[mbtrader67]

@inkey2 I'm buying silver like crazy now, this is still the calm before the storm. Getting silver below $50 oz is still a STEAL.The price is predicted to go as high as $1500 oz so just imagine if you get your self a nice little ark of say 500 oz now before that time, I'm predicting 12/21/12 because of the signs around that date and where we are now, You would have around $750K in Assets, not paper currency and could trade for other assets with that silver All at today's price of $24 something.

[inkey2]

@mbtrader67 yeah, gold is at an all time high but silver isn't. So if there is a precious metals tumble you wont lose as much on silver. There are people that actually think the country is starting to recover.....but that is impossible. As long as we have catastrophic debt, the over printing of paper money and manufacturing continues to be farmed out to other countries there will be no recovery.....just a slow painful decline into a 2nd rate nation

[evadidio]

@mbtrader67 1500 $ is maybe a dream, but 50$ an ounce can be absolutely possible.

[qpae123]

@evadidio 10 milion $ per ounce is possible too.

[sixtrystilsunday]

@evadidio

sorry I have to reply because it's almost at 1600 today hahahah.

[mrbeanbag]

@sixtrystilsunday Well now it's 1800 and change. I need to go find a river deep in the mountains.

[pablo11911]

he's just a bald headed puppet who wants to be apart of the committee of 300, if not already!!

[TheNRA4ever]

At first I thought that these idiots (Bernake, Pelosi, Obama, Reid, Frank, and Geitner) were all clueless and oblivious to reality...now I truly believe this is all an intentional plot to destroy this country. obama = manchurian candidate !!!

[tmac9938]

all you have to do is drink mexican coke that has cane sugar in it, and forget the rest

[slickbtk]

@JDLUTZ2007 yes it is sir yes it is.

[LeeRyan2930]

classic hahah

[LeeRyan2930]

classic 

[iaf000]

he is fuckin lying!

[al2i]

Why buy commodities now? Perhaps the reason can be seen if you search for

" Helicopter Ben by Chris McGraw " on YouTube.

[Ranger4564]

He's lying, in order to manipulate the price of gold in his favor, the same as every proponent of gold is trying to manipulate the price of gold higher, since they either own it, sell it, or manage it. It's a sneaky piece of shit world out there, and everybody in business is a liar first. No doubt. Take all the prognostications with that in mind. Soros talks up Gold... he must want to sell, or he's trying to destroy some currency.

[143DREWID]

He does, as his bosses tell him.

[squizzbutt]

@143DREWID Yeah, his bosses being the CEOs at the Too Big To Fail banks we're all keeping solvent with our taxpayer money. Can't wait to see how watered down the Financial REG bill gets too. Just more corruption locked hand in hand between the bank execs and our wonderful Washington representatives...and the hits just keep-a-comin!

[rothschilds666]

@143DREWID

That is the best answer among all.

[roseagain2]

My first thought is that he is just clueless. But it's hard to believe someone in that position can be sooo clueless. Maybe in the beginning he was clueless and now he is lying.

[FiftyOneDegreesNorth]

@roseagain2 Not clueless, just another Keynesian.