In signature instigator style, Ron Paul asked Ben Bernanke last week: Is gold money? Until today, I haven’t seen much more than quips on the matter but this Forbes piece by Josh Brown does a great job of answering the question.
And yes, it’s full of Brown’s signature quippage, my favorite of which is:
So long as the uptrend is intact, I’m happy to be a part of it all, but I’ll lose my religion faster than Michael Stipe should it feel “over-ish”. Gold is a trade, a “play”, a tool to express a popular theme. Not money, but a means of getting more money.