Seeking Alpha
  • The EconomicJoker
    Bernanke's "gold isn't money" comment holds no water when US asks Germany for gold as collateral to the IMF.
    11/7/11
    Reply (11)
    • 1980XLS: Believe what comes out of any Bankster's piehole, at your own peril. 2007. "Subprime is contained"
      11/7/11
    • Windsun33: If gold is money, then so is corn, copper, and palm oil.
      11/7/11
    • Tom Guttenberger: Gold isn't money, he's right. Since when is collateral necessarily money? Collateral is collateral - could be anything, a commodity.
      11/7/11
    • Energysystems: commodities are money. Whether or not it's acknowledged doesn't matter.
      11/7/11
    • Joe Morgan: Windsun nailed it. If gold is "money", then oil is money....
      11/7/11
    • 458402: Would you like to buy my car for 7 bushels of corn and 3 bags of sugar?
      11/7/11
    • Joe Morgan: And to the first poster...collateral can be a lot of things. Collateral can be rights to something, or bonds, etc....Gold is a shiny metal.
      11/7/11
    • Joe Morgan: "commodities are money" really? I am now going to pay the fill-up of my car tank with wheat. Let's see if they accept it.....
      11/7/11
    • Windsun33: The only difference between gold and bushels of corn is that gold is a bit more portable.
      11/7/11
    • Tom Guttenberger: And currency, is much much more portable. There you go. Get it yet?
      11/7/11
    • Windsun33: You ever try to put gold in your brokerage account, and then transfer it or buy stocks with it? Monetary value and being money not same
      11/7/11
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