Alan Goldspan

I don’t know how on earth I missed this one – apparently Alan Greenspan had this to say about his changing belief on gold prices in a recent interview (emphasis someone’s):

Mr. Greenspan replied that he’d thought a lot about gold prices over the years and decided the supply and demand explanations treating gold like other commodities “simply don’t pan out,” as Mr. Malpass characterized Mr. Greenspan. “He’d concluded that gold is simply different,” Mr. Malpass wrote. At one point Mr. Greenspan spoke of how, during World War II, the Allies going into North Africa found gold was insisted on in the payment of bribes. Said the former Fed chairman: “If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”

Pulled that off my boy GYSC‘s excellent and eclectic site Economic Disconnect but I think it came from an article in the NY Sun.

Greenie’s coming around to the fact that there are consequences when those Fed Reserve knobs are continually adjusted.  The purchasing power of the dollar is compressed and expanded like an accordion each time the Fed forgets its original purpose and concerns itself with reflating asset prices instead of maintaining growth and employment.

Nice to see him get that memo.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. video transitions fcpx commented on Sep 15

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  2. heathrow to cheltenham taxi commented on Sep 17

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  3. rolex replica watches amazon commented on Sep 18

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  4. blazingtraderapp.com commented on Oct 03

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  5. bitcoin loophole review commented on Oct 03

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  6. Insta Girls commented on Nov 01

    … [Trackback]

    […] Here you can find 97342 additional Information on that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  7. 먹튀검증놀이터 commented on Nov 07

    … [Trackback]

    […] Here you can find 31282 more Information to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  8. beasiswa bni unikom 2021 commented on Nov 14

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  9. td bank online commented on Nov 26

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  10. scotiabank online commented on Nov 27

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]

  11. replica watches commented on Jan 24

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/09/18/alan-goldspan/ […]