3,960 responses to “Ron Paul vs Ben Bernanke: Is Gold Money?”

  1. Trainwreck4207

    WTF? Please tell me you are the real guy.

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  2. Bob Smith

    Are my slaves still wondering why Ron Paul didn't get elected? Americans are so stupid! LOL slaves to the NWO!

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  3. Ben Bernanke

    Are my slaves still wondering why Ron Paul didn't get elected? Americans are so stupid! LOL slaves to the NWO!

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  4. TrichsRUs

    If gold is not money...what is??

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  5. VivaArsenal4

    I don't need to keep my family warm, it never get's below 50 degrees F here, but thanks. The dollar isn't backed by anything other than faith in the productive capacity of the American people. In the case that the U.S. dollar crashes, which it won't, but if it did, the only reason gold would be valuable is because we have this antiquated notion that gold something to be sought after, even though it has little utility for most people. Sure, electrical engineers can use it, but you probably can't.

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  6. VivaArsenal4

    But using that definition, anything of value is money. We did away with the gold standard in 71 (I think) so our monetary system, as you probably know, is fiat, meaning it's not tied to anything. All I'm saying is that Rona Paul's insistence that gold=money is not true. Like you said, society decides what money is, and even though gold is still a popular way to protect against the devaluation of our fiat currency, that doesn't make it synonymous with money more than any other valuable good.

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  7. blackstar272000

    HOW nice.

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  8. MsDuncey

    Gold is useful for just about all the sciences/technologies that were developed in the late twentieth and early twenty-first centuries, so it stands to reason that if an economy collapses the things that are in short supply and needed for many different fields very likely will feed someone's family.

    Money is what society determines is money, not what some moronic turd like Bernanke decides.

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  9. Phillyfan320

    When the government hyper-inflates that piece of paper you have, you'll be burning it to keep your family warm just like Germans used to in the 1920's. Gold will and can feed your family. Once the dollar loses all it's value and it eventually becomes just a slip of paper, people will resort to something of value to start buying their goods again. The fact that the dollar is backed by something of value is the only reason you can feed your family. Sincerely, my economics degree.

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  10. Phillyfan320

    Gold is money. It fits the very economic definition of money and serves all of it's purposes (store of value, etc.). Paper money simply represents it's value in gold; the piece of paper you use to buy stuff has no value. We use paper to represent it's value in gold because it's easier to pay with and the only reason we don't pay with gold is because the government says we must accept the dollar as a form of payment. The free market chooses gold because it has value. Educate yourself.

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  11. VivaArsenal4

    Ok gold is useful for computers, great. That still doesn't change the fact that gold is not money.

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  12. antinonconformist1

    Ahh but you can at least heat your house with something made of paper/cloth ;) you've seen the pictures... At one time, not long ago, that's all our paper money was good for

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  13. antinonconformist1

    We've been off the gold standard - where gold was money, or rather, money was based on gold - less than 40 years ago. 40 years. For the rest of history, gold was money. Paper really is a relatively new concept - an experiment likely to fail.

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  14. marvelousmarv89

    subscribe, comment and like CollectingSilver Channel to enter his silver and gold giveaway. hes a really cool guy. hes giving away 6 oz's of gold and 40 oz's in total to several lucky winners. he needs 1000 subscribers, just search for his video title "biggest giveaway in youtube history silver and gold"... like this comment so everyone can see.

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  15. van alen

    Gold is not money in our economy because, I mean it's so obvious do you go buy bread with a piece of gold and receive a smaller piece of gold in change? No! Just like Bernanke said it's an asset, it could be money by the universal definition of money if we get rid of paper money and exchange only with gold but we aren't doing that. The fact that so many people don't understand this and think Ron Paul humiliated Bernanke when actually Ron Paul humiliated himself asking those questions... smh

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  16. van alen

    Gold has already proven to be not a good medium of exchange because it has real opportunity costs associated with it, which means every transactions made with gold instead of paper money has higher transactions costs associated with it compared to paper money.

    Anyone who has ever taken a mere elementary course in macroeconomics would know this. Obviously everyone here hasn't read a single page from at least a textbook on economics, yet would like to scream and bash at much educated individuals.

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  17. van alen

    if the banks weren't bailed out, we would have experienced an even worse recession. People who don't have the slightest understanding about the economy and recessions should not talk about who should get out of America. '

    Unless you have at least an undergraduate degree in economics, don't talk like this dumbass buzzardsbass.

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  18. van alen

    if the banks weren't bailed out, we would have experienced an even worse recession. People who don't have the slightest understanding about the economy and recessions should not talk about who should get out of America. '

    Unless you have at least an undergraduate degree in economics, don't talk like this dumbass buzzardsbass.

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  19. MsDuncey

    Yeah, gold has little to no utility. It's not like it's used in the machine that enables stupidity like that of your comment to go viral, or anything.

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  20. pleeeeep

    This would have been better if he was a little more forceful. Ron Pauls voice is a little frail a wavery

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  21. VivaArsenal4

    Gold isn't money.....

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  22. VivaArsenal4

    prove*

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  23. VivaArsenal4

    Uhhhh, copy pasting the definition of money from Wikipedia doesn't probe anything. Bernanke is right, gold is not money. It's a precious metal that, for historical reasons, continues to hold value although it has little utility. I mean, go ahead, hoard of all the gold you want, but when economies crash, gold isn't going to feed your family.

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  24. VivaArsenal4

    Why do you say that? Ron Paul is the one who mistakenly believes that we should revert to the gold standard.

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  25. VivaArsenal4

    The World Bank? Why would you think that the World Bank is "controlling" America? Do you know what the WB does? Also, the Fed was not "bailed out."

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  26. pixelsgold

    If you're not an anti-semite, Ben Shalom Bernanke gives you the tools to become one.

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  27. pixelsgold

    Money:
    Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. ~Wikipedia

    Bernanke you failed the exam, please find another job, thank you for trying, but we'll find someone who knows what they are doing.

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  28. Dontwant touserealname

    You can see the evil, corruption, and greed in Ben's eyes. When he is laying in his deathbed, he'll look back and think "wow, look at all the freedom and prosperity I took away from hardworking Americans".....Men like him do everything they can do so they can have more money and more power. Yet someday, we all die, so we could atleast leave a good influence behind us so people remember the good we left on the world. Bernanke is one of those men who cares not about others. He knows its wrong.

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  29. Brian Walter

    Well i wouldn`t mind being a bit more traditional!!

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  30. Gary Sanders

    ROFL WE ARE MAKING MONEY FOR THE FEDERAL GOVERNMENT bald faced lie

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  31. Forsaken0u812

    "Do you think gold is money?"....."No." "BOOM: You are fired!"

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  32. Ben Robinson

    I think the Warren Shane vision to be true as shown on Sid Roth as the poor man's gold if you look for approx the last 7 months in % has beat gold 3 to 1 and over the last 5 years has still out paced gold. So I say let China and many of the big wigs keep hoarding their gold. I believe they are in for a big surprise. Even some of them so whilst hoarding gold also buy a tiny bit of silver in proportion. I do not own even one paper American dollar. I did of all things buy years ago gold in the form of a U.S. 1853 gold dollar. I buy silver by the kilograms at a time and still want more. We should prepare like Joseph of old and pray as even gold and silver will eventually fail. The last commodies will be food and water(pure) and if no pure air those will be of no real long lasting value. Really enjoyed in You Tube when I did a search on Strong Evidence of Joseph being real.

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  33. Blog4Justice

    Never trust a man with facial topiary.

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  34. egcake

    Petrodollar is the new kind of gold!

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  35. kjhgfdsxcv

    That's the problem though. If you decide to use money as the only currency there is absolutely nothing to stop the federal reserve from pumping in billions of dollars that they decided to print out. You have to understand that no matter how much money is being printed, no new money is being brought into the system and the dollar is thus inflated when you print more.

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