Ron Paul : Why do central banks hold Gold? Bernanke : Tradition
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Uploaded by PArticenens on Jul 13, 2011
Federal Reserve Chair Ben Bernanke presented to the committee the Federal Reserve Board's semiannual report on monetary policy. July 13 2011
Ron Paul to Bernanke : "Gold is Money?"
-"No it's a precious metal"
Ron Paul to Bernanke : "Why do central banks hold it?"
- "Tradition."
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- 610 likes, 8 dislikes
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Top Comments
All Comments (585)
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@Projectionist101 FYI, most people who own precious metals have the food and water covered as well.
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the follow up question should be: "How did you get the position you are holding right now?"
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@flo43434343 Bernanke is a good Jewish man with America's best interest at heart. You dumb goy should be ashamed.
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tradition....really?
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Bernanke is shaking, literally you can see him shaking. He is terrified. Why??
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when the economy tanks all these elitist bankers will probably be strung up in the streets. everyone knows what the have done now
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CLASSIC !!!
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Let see now, more water-boarding for that Osama bin Bernanke?
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@tjtomkins - Well I'm not a Bernanke groupie but here he embarresses RP. Besides, while you stock pile a precious metal for this fantasy post apocalyptic wasteland you envisage for the future, I will hold barrels of food and water then we'll see in 20, 30 years who has the most "net worth". People hate that we assign paper money value, yet this is exactly what we do with a finite metal, there is no difference; we assign both things "value", gold is useless if you're hungry, value is objective.
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