STORY FIRST CAME OUT ON JULY 13, 2011
"Ben Bernanke who today was testifying in front of a Congressional Committee made the assertion that gold is not money during an exchange with Congressman Ron Paul.
He even went as far to say that central banks only hold gold because of tradition. Of course, both of these statements are completely absurd because gold has been recognized as a form of money for thousands of years and is still today recognized as a storer of value.
The reason why the gold price keeps going up is because people recognize it as something that will maintain value in the face of economic uncertainty.
Central banks hold gold because it represents real wealth where as monetary units like Euros, Dollars, Yen and other currency systems are nothing more than an illusionary concept that is only based on the premise of people's confidence."