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Ron Paul : Why do central banks hold Gold? Bernanke : Tradition

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Uploaded 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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