Former Fed chairman Alan Greenspan says gold prices are going up ‘measurably’

arabianmoney.net / 30 October 2014

Former Fed chairman Alan Greenspan told the New Orleans Investment Conference last weekend that the gold price was going ‘higher’ over the next five years and when asked how much higher he responded ‘measurably’.

Always a cryptic commentator Dr. Greenspan noted that ‘gold has always been accepted without reference to any other guarantee.’ In short it is money without a central bank to print it.

Not independent?

He also pointed to the fallacy for blaming central banks for money printing because actually they are all under the control of politicians, adding: ‘I never said the central bank is independent!’

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