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What's funny is Bernanke is right. Gold, at least in the U.S. and most places around the world, is NOT money, it's an asset. Of course it has been used as money in the past, but it's not right now. If you don't believe me, go to the grocery store and pay with gold coins and see what happens.
Bernanke paused because the question was loaded. If he had said "yes," then Paul would have grilled him on why it's not backed, yada, yada, yada.
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