GOLD 0.51% $1,391.7 gold futures

Talking about Gold and those who manipulate it. Alan Greenspan,...

  1. 17,482 Posts.
    lightbulb Created with Sketch. 1
    Talking about Gold and those who manipulate it.

    Alan Greenspan, ex head of the US Federal Reserve.


    Greenspan recently joined veteran resource analyst Brien Lundin at the New Orleans Investment Conference to share some of his thoughts. According to Lundin, the former Fed chairman made it clear that the central bank is facing a serious problem and one that will have significant ramifications in the future.


    We asked him where he thought the gold price will be in five years and he said “measurably higher.”

    In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.

    He thinks something big is going to happen that we can’t get out of this era of money printing without some repercussions – and pretty severe ones – that gold will benefit from.

    read the whole article here:
    http://www.zerohedge.com/news/2015-...nificant-market-event-something-big-going-hap
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.