Greenspan Has Traditional Been Gold Positive

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.

- Source, Jim Rickards via Proactive Investor