Alan Greenspan Blames "Terrorism" for High Gold Price

[GoldNugget]

Terror threat responsible for high gold price - Greenspan By Leo Lewis
The Times Online, London

TOKYO -- Alan Greenspan, who stepped down last week as chairman of
the US Federal Reserve after 18½ years, yesterday blamed the threat
of terrorism for the soaring gold price, in his first private-sector
speech since being let off the leash of officialdom.

According to members of his audience of international investors --
watching a holographic image in Tokyo as he spoke in New York -- Mr
Greenspan said that the high cost of gold did not reflect inflation
or the strength of commodities but rather a fear among investors of
a major geopolitical conflict.

Bill Murphy of lemetropolecafe.com had this to say about Alan Greenspan's comments on the gold price:

To keep it simple, the guy orchestrates the rigging of the gold price for AT LEAST the last 8 to 10 years of his tenure as Fed Chairman and now that disingenuous scheme is blowing up for the reasons oft-mentioned in MIDAS for years. He knows it. We know it. This sad sack has been found out by the market place … and by GATA, the Gold Rush 21 DVD, the Russians and now Credit Agricole/Cheuvreux.

What a hoot though. What will he say as gold soars towards $1,000? Greenspan’s days are numbered when it comes to being completely discredited as far as gold is concerned … probably a lot more than that too.

[delkulara]

As is the norm.
The two sides of the coin,cant see face to face.
As much as I dislike greenspan
fear of political conflict is a factor in gold price,
just as is the inflation he denies
and the strength of mankinds desire for it.

I dont pick sides I analyze the picture from all angles.
A great tool of wisdom which individual sides do not possess.