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Commodities Briefing - Categorized | Bullion/Gold, People, Price Watch more

Bernanke tells congress: I don’t really understand gold

Posted on 19 July 2013

While Ron Paul is no longer part of the Congressional committees that grill Ben Bernanke twice a year, the Fed Chairman was forced to answer questions about gold on Thursday again. Asked about the falling price of gold, which is down nearly 25% this year, Bernanke admitted he doesn’t understand the yellow metal.
“No one really understands gold prices,” Bernanke told the Senate Banking Committee, adding he doesn’t portend to either………………………………………..Full Article: Source


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