Alan Greenspan has recently stated that gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments and central banks. Moreover, the former Fed Chairman has said “significant increases in inflation will ultimately increase the price of gold. Investment in gold is now insurance.”
Since the global financial system is under enormous stress due to failed government policy and unprecedented central bank intervention it is appropriate to take the time to reassess gold’s place in the financial universe. Is gold just a shiny relic of bygone financial eras or is it the most widely recognized and universally accepted reserve asset upon which the global financial system depends?
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