{"id":38474,"date":"2013-10-07T04:47:39","date_gmt":"2013-10-07T08:47:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38474"},"modified":"2013-10-07T04:47:39","modified_gmt":"2013-10-07T08:47:39","slug":"gold-befuddles-bernanke-as-central-banks-losses-at-545-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2013\/gold-befuddles-bernanke-as-central-banks-losses-at-545-billion.html","title":{"rendered":"Gold Befuddles Bernanke as Central Banks\u2019 Losses at $545 Billion"},"content":{"rendered":"<p>Bloomberg &#8211; Ben S. Bernanke, the world\u2019s most-powerful central banker, says he doesn\u2019t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011.<\/p>\n<p>Bernanke, who holds economics degrees from\u00a0Harvard College\u00a0and the Massachusetts Institute of Technology and led the\u00a0Federal Reserve\u00a0through the biggest financial disaster since the Great Depression, told the Senate Banking Committee in July that \u201cnobody really understands gold prices and I don\u2019t pretend to really understand them either.\u201d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-10-06\/gold-befuddles-bernanke-as-central-banks-losses-at-545-billion.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Ben S. Bernanke, the world\u2019s most-powerful central banker, says he doesn\u2019t understand gold prices. If his peers had paid attention, they might have stopped expanding reserves that lost $545 billion in value since bullion peaked in 2011. Bernanke, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38474","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38474"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38474\/revisions"}],"predecessor-version":[{"id":38475,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38474\/revisions\/38475"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}