I was leafing through Bloomberg.com, having been directed there by a link I’d seen when I happened on this statement of the absolutely bleedin’ obvious (as we northerners are wont to say)
“Bernanke was suggesting in his own way that too much importance is given to gold, it’s too hyped,” said Nouriel Roubini, professor of economics and international business at New York University. “Gold is not a currency.”
Well, I never… Gold is NOT currency… NO… It’s MONEY… and apart from Silver – everything else is currency, i.e. just credit, debt, paper, a loan from the BoJ, BoE, or the FED – who for the uninititated are a bunch of Old Money Banker families predominately from Europe, though J.P Morgan’s family at least had the decency to make things along with the Rockefellers,
But as ol’ J.P. Morgan once so eloquently stated – “Gold is money – Everything else is just credit”
You can read the actual piece on Bloomberg – HERE:
Have a great weekend…
Aside Posted on Updated on
Welcome to Money Matters – because it really does, more than most people realise.
While one side of the world sleeps, The other side is busy, making money, building empires, and making things.
Those who want more than they currently have for their families and for their future, need help, guidance, and an opportunity to make more money. That’s where we come in. This blog will be a talking point, a focus for money making ideas. And when I find investment opportunities that sound like they could do with an airing, then I’ll air them. And I hope you will too.
(At this point I should point out… Any investment ideas posted here are just that – suggestions for further research – we are not investment advisers, but we get ideas sent to us, and we’ll do a little background research just to see if they are worthwhile doing further research on, and hopefully, you will share yours too)