Bernanke actually thinks Gold & Silver are not money!
J.P. Morgan Chase & Co. will accept Gold as collateral.
Moody's said it could cut the United States' prized triple-A credit rating.
[ame="http://www.youtube.com/watch?v=h4_ehBNlCL0"]I got news for Bernanke - Gold & Silver are Money![/ame]
During the Q&A portion of the testimony, Congressman Ron Paul asked Bernanke if he thinks gold is money. Bernanke replied, “No. It’s a precious metal.”
Dr. Paul then asked why do central banks hold gold in reserves. All Bernanke could say to that was “Tradition.”
When asked by Dr. Paul if he monitors the price of gold – which today hit another new all-time record high, of $1,588.90 per ounce, amid speculation over QE3 – Bernanke responded that he does.
J.P. Morgan Chase & Co. will accept Gold as collateral.
J.P. Morgan Chase & Co. will accept Gold as collateral. Typically, banks accept only Treasury bonds and stocks in such agreements. By making the announcement, J.P. Morgan is effectively saying gold is as rock solid an investment as triple-A rated Treasurys, adding to a movement that places gold at the top tier of asset classes.
Moody's said it could cut the United States' prized triple-A credit rating.
I got news for Bernanke - Gold & Silver are Money!
[ame="http://www.youtube.com/watch?v=JVArPiDebdY"]Gold & Silver are being accepted across Michigan[/ame][ame="http://www.youtube.com/watch?v=h4_ehBNlCL0"]I got news for Bernanke - Gold & Silver are Money![/ame]