Reader Question on Greenspan and Gold: “No Fiat Currency Can Match It”

Jon Blogosphere, Economy, Fiscal Policies, Geopolitics, Gold, Precious Metals

Reader Stephen is wondering about Greenspan’s Stunning Admission: “Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It”.

It seems the Council on Foreign Affairs left out some key sentences in its transcript of A Conversation With Alan Greenspan.
The conversation is between Alan Greenspan and Gillian Tett, U. S. Managing Editor, Financial Times.
Missing Snip
Tett: Do you think that gold is currently a good investment?
Greenspan: Yes… Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.


This post was published at Global Economic Analysis on Friday, November 07, 2014.