Thursday, October 8, 2009

Bernanke's Rise


Bernanke seems to be doing a good job. Since President Bush nominated him in Oct 2005, this is what gold has done. According to the former Federal Reserve Governor Wayne Angell, "a Fed chairman's performance can be measured by whether the price of gold is higher or lower than when he took office." Bernanke's performance seems to have been exemplary, so far. We will see if he is able to keep up this positive standard.

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