Gold Is Not Money?

As Ben Bernanke told Ron Paul in a Congressional hearing: gold is not money, it is a commodity. As the civil war in Ukraine expands and the media can no longer spin it as a Russian plot, gold is up $25 in two trading sessions. The issue is not whether gold is money or a commodity but how to protect your assets in an economic collapse.

David DeGerolamo

      
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1 Response to Gold Is Not Money?

  1. All items used as moneys are commodities, with the exception of credit and debit records used in place of money. It’s that last form that’s most favored by governments, because it’s easiest to control and track. The implications should be clear.

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