Is Gold Money?

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The chairman of the federal reserve seems to think it’s not…Nice point Ron Paul “Then why do central banks hold gold, why not hold diamonds?” B: “Well, it’s tradition.” Uh oh… I think someone is alluding to the fact that the US currency is no longer backed by gold (something long thought to be true). Hold on to your pants folks, the ride is about to start!

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Categories: Politics

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