The Brothers Austrian » bernanke http://www.brothersaustrian.com An economics blog in the Austrian tradition, written by two brothers, one teacher and one bond trader Sun, 24 Apr 2011 13:49:23 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Gold’s Intrinsic Value is Zero http://www.brothersaustrian.com/golds-intrinsic-value-is-zero/ http://www.brothersaustrian.com/golds-intrinsic-value-is-zero/#comments Wed, 16 Dec 2009 03:17:08 +0000 MisesBeliever http://www.brothersaustrian.com/?p=325 The folks over at Matterhon Asset Management lay out the many  gold misconceptions in a fabulous paper titled–GOLD IS NOT GOING UP— PAPER MONEY IS GOING DOWN!

The US dollar has lost 98% of its value in less a 100 years, the underemployment rate is at 17%. Mr. Bernanke, you may want to rethink your list of FED accomplishments.

At the end of the day paper money returns to its intrinsic value….$0.

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