Ask the Gold and Silver Chick! Is Gold Money? - Gainesville Coins News
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Ask the Gold and Silver Chick! Is Gold Money?

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Ask the Gold and Silver Chick! Is Gold Money?

Today's question is one I myself am putting forth to my readers:

"Bernanke says gold is not money. Is he right?"

My answer: Bernanke is absolutely not correct! Read on...

Gold is money, despite the fact that our Chairman of the Federal Reserve declares that gold is not money!

Bernanke stated yesterday during Senate hearings that  gold is NOT money…yet all central banks for the first time in history, since Obama came to be President, have held onto their gold and not sold their gold!

In fact, the Central Banks bought more gold in the first quarter of 2011 then they did ALL of 2010- and 2010 was a record year of the central banks buying gold! See link:

http://economictimes.indiatimes.com/markets/commodities/gold-buying-in-first-half-of-2011-surpasses-2010-total-world-gold-council/articleshow/9226883.cms

China and India for the first time have been huge buyers of gold. See link:

http://buying-gold.goldprice.org/2011/05/china-outstripping-india-in-buy-gold.html

So our head of our Federal Reserve sits there and says gold is not money, while China is encouraging their citizens for the first time in history to buy gold. See link:

http://agmetalminer.com/2011/02/21/china-encourages-citizens-to-buy-gold-part-1/  .

Then the University of Texas buys $1 Billion in gold bullion and sends it to the NY FED…

http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.html   Heavens why?

And Gold is not money?? Right Mr. Bernanke…and you are the tooth fairy!

And if you want to buy gold /silver, go to: www.gainesvillecoins.com

Rated # 1 by the National Inflation Association! Read more: http://inflation.us/reviews/reviewupdate.html

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