Ron Paul: Do you believe that gold is money?
Ron Paul: Why do central banks hold gold?
Bernanke: It is an asset, like Treasuries. They're not money.
Ron Paul: Why hold gold, and not diamonds?
Bernanke: Oh, tradition, I suppose.
~Ben S. Bernanke, chairman, Federal Reserve, in Congressional testimony with Rep. Ron Paul, July 13, 2011