“Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from that consensus. The president of the Bundesbank (Germany’s central bank) and two highly-respected analysts at Deutsche Bank have praised gold as good money.  Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce − making it a stable store of value.”

http://www.thedailybell.com/4376/Ron-Paul-Gold-is-Good-Money

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