Bernanke's assertion that nobody really understand the price of gold and neither does he.

http://www.bloomberg.com/video/bernanke-people-hold-gold-as-disaster-insurance-xo2b7ivaQemVCibXloKfug.html

REASON:

In a free market supply and demand would determine the price .. even a Princeton economist should understand that ...

In a regulated market, the price can be managed ... managing prices is a mandate of the FED and some Princeton ecnomists belive they can do that effectively.

But the price of gold is not determined solely by a single economic institution unless it to totally controls the world's market ... big as the USA economy is, they coerece but do not control that market ... their influence is waining and that is increasingly evident in both gold prices, and foreign policy (i.e. Saudi's support of a military cop against US selected leadership in Egypt) ...

If Bernanke or anyone else can control the world they can manage the price of gold, that is a big if; that is not going to happen ...NEW WORLD ORDER .... a fantasy amongst the elite fascists in trying to convince joe public they are working in their interests.

The economic winter for America is coming, how long it will be deferred is anyones guess, but as the house of cards begin tumbling ...i.e Detroit's bankruptcy, unfunded pensions and 401Ks etc ... sooner seems to be possible.

GLTA

orgy