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Bitcoin Discussion
Re: Gold Not Money According to Fed -- It's an Asset
by
smoothie
on
13/07/2011, 21:53:05 UTC
Quote from: jimbobway on July 13, 2011, 09:37:24 PM
If the Fed says gold is an asset, then are bitcoins an asset?
http://blogs.forbes.com/afontevecchia/2011/07/13/bernanke-fights-ron-paul-in-congress-golds-not-money/
What Mr. Benanke doesn't realize is that money is also an asset. Gold is an asset and gold is money therefore gold is money. He is plainly stupid.