Posted on 06/22/2026 5:39:38 PM PDT by delta7
The late chairman of the Federal Reserve, who died this morning at 100, believed that ‘gold and economic freedom are inseparable.’…
… In the strongest terms, Greenspan condemned those who would redistribute national income through fiscal overspending. He deemed it a scheme for the “hidden” confiscation of wealth. “Gold stands in the way of this insidious process,” he wrote. “It stands as a protector of property rights.” In Greenspan’s view, that explained the “almost hysterical antagonism toward gold” among big government statists.…
… Here I am proud and grateful to acknowledge that I was considered by Alan Greenspan to be among those numbers that believed, along with him, that there were some very positive aspects to prior monetary regimes based on gold convertibility. Starting in 1990, after he read my book “The Coming Soviet Crash” and asked to discuss its implications, I met with him on numerous occasions, both in his office at the Fed and later at Greenspan Associates…
(Excerpt) Read more at nysun.com ...
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https://www.schiffgold.com/key-gold-news/central-banks-double-down-on-bullion-as-dollar-doubts-grow
Central Banks Double Down on Bullion as Dollar Doubts Grow
Central banks are not easing off the gold pedal. According to the World Gold Council’s newly released 2026 Central Bank Gold Reserves Survey, monetary authorities have been snapping up an average of 1,000 tonnes of bullion annually over the past four years– double the pace seen in the prior decade. Nearly nine in ten survey respondents believe total official gold holdings will climb again in the next 12 months, and 45 percent expect to join the buyers’ club themselves. The upbeat sentiment coincides with gold’s latest intraday high of $4,154 per ounce on Friday.
The survey, conducted from February 5th to May 19th and boasting a record 76 central-bank participants, paints a picture of growing unease with the existing reserve order. Asked to look five years ahead, 84 percent anticipate gold’s share of global reserves will be larger, while 74 percent foresee a moderate or significant decline in the U.S. dollar’s dominance. Interest-rate uncertainty, geopolitical instability, and lingering inflation are the chief forces shaping today’s reserve decisions. With consumer prices still rising well above pre-pandemic norms despite headline “cooling,” caution toward fiat assets is hardly surprising….
The world’s largest money, Central Banks, finally get it.
Milton Friedman convinced me that Capitalism was practical. Ayn Rand convinced me that Capitalism was moral. Alan Greenspan put Ayn Rand’s beliefs about money into actual effect.
Sadly, Greenspan abandoned his faith in gold and presided over carnage. His pronouncements as Fed Chair were gibberish.
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