My fav Greenspan quote from the article:
“If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”
Now here is what he didn’t say: central banks have been paying attention to gold for a long time. GATA has piles of evidence and even public admissions that governments attempt to manipulate gold prices so that their funny money doesn’t appear to be fraudulent. What Greeny is really saying is that gold price is getting away from them regardless of their best efforts to contain it. He’s really saying that those people that you can’t fool all the time are getting more and more numerous and figuring out that fiat currency is not a safe and sound long term storage of wealth but gold always has been and always will be (at least until governments figure out a way to do real alchemy).
