“Gold isn’t backed by anything”

In what appears to be the single most confusing statement of 2011 I give you “Bridgett” the Southwest Calgary reporter who had a bit of a hard time understanding economics in high school and even more of a hard time understanding the current state of the economy and the recent liquidation and suppression before options expiry on the COMEX. She also has no idea what the Pan Asia Gold Exchange is nor why a margin hike would lower prices.

I have to warn you though, if you have a beverage, stop drinking it now because you’re at risk of completely spitting it all over your computer screen.

It doesn’t get any better than this. Without further ado, aforementioned Bridgett turns on full retard with this little gem:



3 Responsesto ““Gold isn’t backed by anything””

1. S Morgan says:

   September 28, 2011 at 4:20 pm

   common tator

   Reply
2. Reporterette: Gold not backed by anything | Gold News says:

   September 29, 2011 at 3:04 am

   [...] http://www.commodityzen.com/2011/09/…d-by-anything/ [...]

   Reply
3. Big Spenda says:

   September 29, 2011 at 12:49 pm

   You would think that central bankers, given the unlimited fiat money at their disposal, could afford to purchase better TB propaganda than this.

   Extreme penny pinchers?

   Reply
4. Cannonfodder says:

   September 29, 2011 at 11:23 pm

   I’m paralysed in terror….my GOLD AND SILVER isn’t backed by ANYTHING!! Must sell it for Federal Reserve Notes. Now there’s something I can believe in.

   Reply