I think Alan Greenspan is lying and trying to cover up (yes, AFTER the fact).
He is far too intelligent NOT to know that a major crash was coming.
And, just who are YOU to question him?
This is why I prefer to get forecasts from John Williams at shadow stats: http://www.shadowstats.com/.
And, I continue to buy gold and silver despite what government pundits say about them being “junk.” Looking at how this government has shaped up, I continue to follow the anti-government advisers who suggest investing in precious metals, iron and war industries (makers of ammunition and guns for war and personal use) and anything else that hedges against the constant debasement of the currency. Gold has doubled in price since obama came to office.
I’d like to see Greenspan’s portfolio and investment profile — think he’s got a some precious metals in there somewhere?
Graphene may replace a major fraction of the industrial demand for silver, possibly copper too.
“And, I continue to buy gold and silver despite what government pundits say about them being “junk.” Looking at how this government has shaped up, I continue to follow the anti-government advisers who suggest investing in precious metals, iron and war industries (makers of ammunition and guns for war and personal use) and anything else that hedges against the constant debasement of the currency. Gold has doubled in price since obama came to office.”
Contrarian buying is very often the right move.
Unlike stocks, nothing fundamentally changes with gold (or similar commodities). When the price dips, that’s a buying opportunity. The suckers are the ones who “buy high, sell low”.
Gold is poised to make a heck of a comeback, IMO.
I’ll bet he does. In additon, buy some food too. Inflation hit the grocery stores big time since the 2008 crash.