4 votes

Bernanke Was Wrong: Gold Is Money

Western powers just don't want gold used as money, and the precious metal has become a tool in the ongoing sanctions against Iran's oil exports.
http://www.reuters.com/article/2013/02/18/us-iran-nuclear-id...



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If gold isn't money, why do

If gold isn't money, why do central banks hold it? Why not diamonds?

In the words of The Great Bernake

"tradition".