Discussion in 'The Economy' started by Tropo, 21st Mar, 2012.
Ben Bernanke Explains Why We'll Never See Another Gold Standard
Are statements like this from a central banker bullish signals for gold?
Wait and see.
Currently gold = 1666
So is this still important?
I was wondering now that we live in a new era, is it still relevant?
Well...maybe it is not relevant, but some people are still dreaming.
I guess. The world is changing so much - who knows whats going to happen next with all this stuff.
Interesting times indeed... nothing would surprise me right now!
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.
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