Ron Paul vs Ben Bernanke: Is Gold Money?

3,960 Comments:

  1. Gold neither gets cheaper nor more expensive.

    A relatively stable amount of it exists in the world and approx. 2% is added to global supply every year. It is the prices of other things which get cheaper or more expensive relative to gold.

    I guess we’ll find out in the end what gold is really worth. Cheers.

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  3. Fine, if you think that $ is crap then buy gold on the market (which is getting cheaper btw).

    »crosslinked«

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  4. What you don’t understand is that you should be seeing an increase in the purchasing power of cash.

    If during the boom years, prices went up to meet demand, then during the bust years (the present) prices should be falling due to a lack of demand.

    The reason its not falling is because the value of your cash is being stolen from you via the printing press, via negative real interest rates, via more debt aka future taxation of you.

    Inflation is a monetary phenomena everywhere and always.

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  5. do you track your own living expenses? I don’t see infllation on mine

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  6. Inflation is not low.

    Inflation numbers put out by the govt are low. Those numbers are bogus so as to justify money printing aka stealing from savers & wage earners and society at large. The beneficiaries are bankers.

    During the 2008 economic downturn, people with cash should have seen the value of their wealth rise considerably. Instead that was stolen from them to benefit those who gambled and lost – namely bankers.

    Paper money is a means of transferring losses from them to you.

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