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Sprott interview with Jim Rickards, last question on Greenspan and Gold

Posted by silverngold @ 23:34 on November 7, 2014  

One last question: Are you at all surprised or alarmed by Greenspan’s comments that gold and interest rates would go higher?

No. If you look at Greenspan’s record, before he became Chairman of the Federal Reserve he said many positive things about gold. Since leaving the chairmanship, he’s said positive things about gold on numerous occasions – for instance at the Council on Foreign Relations this week. He has a history of looking on gold favorably but during the entire 20 years that he was Chairman of the Federal Reserve, he never had a good thing to say about gold. I think it says more about the constraints on central bankers; in other words, central bankers can’t tell the truth or what they really think because the market impact would be too great. I think that Greenspan is reverting to saying things today that he was saying 40 years ago but could not say when he was Chairman of the Fed.

For the rest go here.
http://www.mailoutinteractive.com/Industry/View.aspx?id=628689&q=800799007&qz=5187b0

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.