Central Banks Stand Ready to Lease Gold in Increasing Quantities should prices rise.

lease gold

http://gata.org/node/15877?fb_action_ids=10207049249165198&fb_action_types=og.likes&fb_ref=.Vib7Lc1pd8g.like

Central Banks and manipulation of the gold price

http://gata.org/node/4279

Greenspan”s 1998 Testimony

http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm

Greenspan’s 1966 thesis on gold.

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.”

http://www.constitution.org/mon/greenspan_gold.htm

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s