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.
Alan GreenspanI'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
Alan GreenspanI love facts and figures. It's like following a detective story, piecing together what's going on in the economy.
Alan GreenspanGold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
Alan Greenspan