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<p>[QUOTE=&quot;Del Pinto, post: 2054652, member: 73128&quot;]<a href="http://www.zerohedge.com/news/2014-11-07/greenspans-stunning-admission-gold-currency-no-fiat-currency-including-dollar-can-ma" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/news/2014-11-07/greenspans-stunning-admission-gold-currency-no-fiat-currency-including-dollar-can-ma" rel="nofollow">http://www.zerohedge.com/news/2014-11-07/greenspans-stunning-admission-gold-currency-no-fiat-currency-including-dollar-can-ma</a></p><p><br /></p><p><a href="http://www.cfr.org/financial-crises/alan-greenspan-central-banks-stagnation-gold/p33699" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cfr.org/financial-crises/alan-greenspan-central-banks-stagnation-gold/p33699" rel="nofollow">http://www.cfr.org/financial-crises/alan-greenspan-central-banks-stagnation-gold/p33699</a></p><p><br /></p><p>&quot;GILLIAN TETT, FT: I&#039;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&#039;s been a lot of media debate in the past about your views on gold.</p><p><br /></p><p>You yourself oppose a question as to why would anyone want to buy this barbarous relic -- I don&#039;t know whether John Paulson is in the audience -- but it&#039;s an interesting question. But do you think that gold is currently a good investment given what you&#039;re saying about the potential for turmoil?</p><p><br /></p><p>ALAN GREENSPAN: Yes.</p><p><br /></p><p>(LAUGHTER)</p><p><br /></p><p>TETT: Do you put...</p><p><br /></p><p>GREENSPAN: Economists are usually perfect in equivocating. In this case I didn&#039;t equivocate. Look, remember what we&#039;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&#039;re looking at a question of turmoil, you will find, as we always have in the past, it moves into the gold price.&quot;</p><p><br /></p><p>Has anyone read the chapter referred to, in The Map and Territory 2.0?</p><p><a href="http://www.amazon.com/The-Map-Territory-Nature-Forecasting/dp/1594204810" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.amazon.com/The-Map-Territory-Nature-Forecasting/dp/1594204810" rel="nofollow">http://www.amazon.com/The-Map-Territory-Nature-Forecasting/dp/1594204810</a>[/QUOTE]</p><p><br /></p>

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