http://www.zerohedge.com/news/2014-...ency-no-fiat-currency-including-dollar-can-ma http://www.cfr.org/financial-crises/alan-greenspan-central-banks-stagnation-gold/p33699 "GILLIAN TETT, FT: I'm going to turn to the audience for questions in one minute, but before I do though, I just want to ask though, one of the really interesting chapters in your book is about gold. And there's been a lot of media debate in the past about your views on gold. You yourself oppose a question as to why would anyone want to buy this barbarous relic -- I don't know whether John Paulson is in the audience -- but it's an interesting question. But do you think that gold is currently a good investment given what you're saying about the potential for turmoil? ALAN GREENSPAN: Yes. (LAUGHTER) TETT: Do you put... GREENSPAN: Economists are usually perfect in equivocating. In this case I didn't equivocate. Look, remember what we're looking at. Gold is a currency. It is still by all evidences the premier currency where no fiat currency, including the dollar, can match it. And so that the issue is, if you're looking at a question of turmoil, you will find, as we always have in the past, it moves into the gold price." Has anyone read the chapter referred to, in The Map and Territory 2.0? http://www.amazon.com/The-Map-Territory-Nature-Forecasting/dp/1594204810
It never was a secret that greenspan was a gold advocate. He was Ayn Rand's "man in washington" until he came to believe what he had to believe to "move up." I just started Bill Bonner's latest book Hormegeddon. I sure he'll have something to say about "I Greenspan."
