Join our investing community

Ben Bernanke Explains Why The World Will Never See Another Gold Standard

Discussion in 'The Economy' started by Tropo, 21st Mar, 2012.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Are statements like this from a central banker bullish signals for gold?
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Wait and see.
    Currently gold = 1666
     
  4. TDFawaz

    TDFawaz Tony

    Joined:
    1st Jul, 2010
    Posts:
    40
    Location:
    Brisbane, QLD
  5. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Well...maybe it is not relevant, but some people are still dreaming.
     
  6. TDFawaz

    TDFawaz Tony

    Joined:
    1st Jul, 2010
    Posts:
    40
    Location:
    Brisbane, QLD
    I guess. The world is changing so much - who knows whats going to happen next with all this stuff.
     
  7. Pete Ramoza

    Pete Ramoza Active Member

    Joined:
    29th Jul, 2012
    Posts:
    40
    Location:
    Brisbane, Qld
    Interesting times indeed... nothing would surprise me right now!
     
  8. Development_Manager

    Development_Manager New Member

    Joined:
    15th Aug, 2012
    Posts:
    2
    Location:
    Perth, W.A.
    Bernanke is flawed in his response.

    There is a finite amount of Gold. thats the point, so we dont print our way into oblivion. There is plenty of gold, and it keeps getting mined.

    Gold has been the most stable form of currency for over 6000 years and it wont change.

    If gold is no longer currency, then why store it? close down Fort Knox, what good is it then?

    I can help but be suspicious about central banking in an environment where there is no means to contain printing.

    Why not have a competing currency, one fiat, one gold & silver backed.

    When the BRICS decide not to buy oil in the US currecy, then we will see the truth behind the Feds.