Quote:
Originally posted by tabs
Hmmm...Well that maybe, but if Mother in Tucson doesn't know about the risks to the $$$, I don't frankly know anybody who would..as one of the people she talks with frequently is the former head of the Fed. She even knows the guy he replaced back in the day.
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If she is listening to Paul Volcker, then, yes, I can understand her lack of understanding about the gold market. From Wikipedia:
"From 1969 to 1974 Mr. Volcker served as under-secretary of the Treasury for international monetary affairs. He played an important role in the decisions surrounding the US decision to suspend gold convertibility in 1971, which resulted in the collapse of the Bretton Woods system."
Of course Alan Greenspan understands the importance of gold -- or at least he used to. He wrote a number of articles in the past calling for a return to the gold standard. More recently he just seems to work very hard at being "non-understandable" -- maybe that is "Mother's" influence on him?