Nov 7, 2007

A gold bug thanks Ben Bernanke

Dear Chairman Bernanke,

I, and all the rest of the Gold Bugs, would like to thank you for your continuing effort to bail out the banks. Your easing of U.S. interest rates has greatly benefited the value of our Gold holdings. At the same time, the purchasing power of paper dollars held by gullible consumers around the world is being decimated. Something with which those consumers will have to learn to live. If they had bought Gold instead of a house, they could afford $100 oil. Keep up the good work! However, we did have a question. Would not simply mailing checks to the banks be more efficient?

Thanks, A Gold Bug

~ Ned W. Schmidt, The Value View Gold Report, "A Letter to Ben," November 7, 2007

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