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Even Ben Bernanke Admits that Gold Is the Ultimate Safe Haven
Posted By admin On July 15, 2011 @ 3:45 am In Money Watch | Comments Disabled
Washington’s Blog 
July 15, 2011
As I noted  yesterday, Alan Greenspan says that gold is the ultimate safe haven:
Gold still holds reign over the financial system as the ultimate source of payment.
As Ambrose Evans-Pritchard points out  today:
Mr Bernanke himself was grilled by Congress this week on the role of gold. Why do people by gold? “As protection against of what we call tail risks: really, really bad outcomes,” he replied.
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URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2011/07/even-ben-bernanke-admits-that-gold-is.html
 noted: http://www.washingtonsblog.com/2011/07/fed-chairman-bernanke-says-gold-is-not.html
 reported: http://www.washingtonsblog.com/2010/04/gold-buy-hold-or-should-be-sold.html
 this: http://www.washingtonsblog.com/2011/07/top-reserve-managers-predicted-that.html
 points out: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8638644/Return-of-the-Gold-Standard-as-world-order-unravels.html
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