Fancy Pants Bernanke: "As Far As Gold Is Concerned..."

Video - Bernanke on Gold, China accumulation - Jan. 4, 2010

We searched far and wide, and this is the only clip of B-52 discussing gold we came across.  If you can find anything else, post it in comments.

• PHOTO - Bernanke played in a four-man band called Fancy Pants.

---

Comments

[john]

Non-video

http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htm


will search for video clips.

[DailyBail]

thanks john...

[DailyBail]

http://dealbook.nytimes.com/2010/12/29/where-homework-is-managing-a-200000-stock-portfolio/

Where Homework Is Managing a $200,000 Stock Portfolio

[Wil Martindale]

It's such a beautiful day in Mr. Nanke's neighborhood, such a beautiful day for a neighbor.
Would you be my neighbor? Let's visit:
http://letthemfail.us/archives/7409

[john]

This was a project................

here is a video with gold mentioned at about :25 and 1:33 into clip

http://www.youtube.com/watch?v=9SsPu1I_1po

here is some stuff from zero hedge rgarding above.

http://www.zerohedge.com/article/credit-suisse-helps-aleviate-bernankes-gold-confusion-sees-gold-going-1360

If I find more I will post it .

[DailyBail]

john...no on works harder at this than you..what you are doing here with your consistently outstanding links is VERY APPRECIATED...just great, great work as usual...thank you

[C McDanieol]

Search ' Bernanke I don't get gold ' and you'll find lots of hits like this...
http://www.youtube.com/watch?v=ta5HkhucMw4

[DailyBail]

yes...i have seen that clip...but looking for actual video of bernanke himself...john made a great find...

[john]

This isn't video but is a speech he made in 2002......

http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm

[snip]

The conclusion that deflation is always reversible under a fiat money system follows from basic economic reasoning. A little parable may prove useful: Today an ounce of gold sells for $300, more or less. Now suppose that a modern alchemist solves his subject's oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.

[john]

There may be a video or audio track available regarding my 4:41 post.

The same speech appeares here:

http://www.cfr.org/economics/remarks-governor-ben-s-bernanke-november-2002/p18154

The National Press Club Archive can be reached here.... If I had a job (or even money) I would spring for it.......

http://press.org/library/archives