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

Plugin by: PHP Freelancer
This entry was posted in Editorial, Financial and tagged . Bookmark the permalink.
0 0 votes
Article Rating
1 Comment
Newest Most Voted
Inline Feedbacks
View all comments
Francis W. Porretto
10 years ago

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.