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Former Federal Reserve boss Alan Greenspan (left) made headlines this week
when he said gold is indeed a currency and noted that the euro was falling
apart, contradicting top officials on both sides of the Atlantic.
“Gold, unlike all other commodities, is a currency,” he told attendees at
a conference in Washington D.C. on August 23, saying he did not think the
precious metal was in a bubble despite recently reaching a new record above
$1900. And a flight to safety amid inflation fears is what’s causing
soaring gold prices.
http://thenewamerican.com/economy/markets-mainmenu-45/8742-gree
when he said gold is indeed a currency and noted that the euro was falling
apart, contradicting top officials on both sides of the Atlantic.
“Gold, unlike all other commodities, is a currency,” he told attendees at
a conference in Washington D.C. on August 23, saying he did not think the
precious metal was in a bubble despite recently reaching a new record above
$1900. And a flight to safety amid inflation fears is what’s causing
soaring gold prices.
http://thenewamerican.com/economy/markets-mainmenu-45/8742-gree