Courtesy of Mish.
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.
Question From Reader Stephen
Hello Mish
I am a frequent reader and would like to know what you think about the Greenspan news. In particular, how is it that a former head of the Fed can make a statement that gold outshines the dollar and it is not headline news. Rather, his remarks to that effect are expunged from the transcript.
Am I alone in thinking this is surreal?
What’s It all About?
Let’s step back a bit and ask what the conversation is really about….
