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<p>[QUOTE=&quot;Juan Blanco, post: 1602433, member: 41665&quot;]I don&#039;t know what you insist &quot;money&quot; is, medoraman. Is &quot;money&quot; the debit cards with which poor and affluent alike buy goods? Is &quot;money&quot; the credit system - supported by the Treasury/Fed - that allows select worthies to &quot;buy&quot; a house? </p><p><br /></p><p>Fed Chairman Alan Greenspan admitted in 2000: &quot;We have a problem trying to define exactly <span style="color: #000000">what MONEY is</span>. ... the current definition of Money is not sufficient to give us a good means for controlling the Money supply...&quot; But Alan Greenspan had no problem admitting Gold was money in 1966:</p><p><a href="http://constitution.org/mon/greenspan_gold.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://constitution.org/mon/greenspan_gold.htm" rel="nofollow">http://constitution.org/mon/greenspan_gold.htm</a></p><p><br /></p><p>After he retired as Fed Chair, Grenspan went to work for John Paulson in January 2008:</p><p><a href="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2782593/Greenspan-joins-hedge-fund-Paulson.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2782593/Greenspan-joins-hedge-fund-Paulson.html" rel="nofollow">http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2782593/Greenspan-joins-hedge-fund-Paulson.html</a></p><p><br /></p><p>So when did Paulson become a Gold Bug and accumulate such huge stakes in Gold? Why imagine that Greenspan was clueless or not party to that (since he joined the firm!) </p><p><a href="http://www.dailymarkets.com/economy/2009/12/07/the-extent-of-john-paulsons-gold-holdings/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dailymarkets.com/economy/2009/12/07/the-extent-of-john-paulsons-gold-holdings/" rel="nofollow">http://www.dailymarkets.com/economy/2009/12/07/the-extent-of-john-paulsons-gold-holdings/</a></p><p><br /></p><p>And what does Greenspan think/hold, privately? I don&#039;t think we can say - but I&#039;ll guess he has some Gold. </p><p><br /></p><p>In 2010, World Bank President Robert Zoellick called Gold an &quot;alternative monetary asset&quot; so I think we&#039;re just splitting hairs here. If it&#039;s good enough for CBs (holding THOUSANDS of metric tonnes) and the supperrich alike... why shouldn&#039;t that be good enough reason for you?</p><p><br /></p><p>The changes in Basel III are supporting trend: Gold is Powercash.[/QUOTE]</p><p><br /></p>

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