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A lesson in gold: Bernanke vs. Rothschild’s obscure clerk

Does the Fed chairman really not understand what drives savers to gold, asks Adrian Ash, looking as far back as Rothschild for answers.

by Adrian Ash, MineWeb.com

BEN BERNANKE, today’s most powerful banker, said this week that nobody really understands gold prices, including himself. Victorian Europe’s richest man, and bullion broker to the Bank of England, N.M.Rothschild at least took the trouble to check.

“I know of only two men who really understand the value of gold,”Rothschild reputedly joked in the mid-19th century – “an obscure clerk in the basement vault of the Banque de France and one of the directors of the Bank of England.

“Unfortunately, they disagree.”

Read More @ MineWeb.com

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