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Gold price: Bernanke and Buffett

Posted on 21 October 2013

Remember, several months ago when US Fed Chair Ben Bernanke made headiness saying, “Nobody really understands gold prices and I don’t either.” That was a Quaint remark, and brings up the Big Q, how does the world’s biggest holder of Gold not know anything about Gold or where it may go?
The US Fed just holds 75% of the its reserves in Gold, over 8,000 tonnes, and its Chairman says publicly that he does not understand what, why or how come. Not true…the Fed and Mr. Bernanke know all about it……………………………………….Full Article: Source


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VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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