Tuesday, 11 November 2014

Greenspan Opines on Gold - Council on Foreign Relations with FT's Gillian Tett

As central banks look to up the battle against deflation will gold be used to signal inflation?
Greenspan: Is gold currently a good investment - yes, in this case I didn't equivocate........"Gold is a Currency" it is still the premier currency, no currency including the dollar can match it.......it is half commodity, when an economy is weakening it goes down like copper, gold is an intrinsic currency.......Why do central banks put reserves into an asset with no rate of return and a cost of storage?

No comments:

Post a Comment