Amateurs want to be right. Professionals want to make money.
ALAN GREENSPANRemember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
More Alan Greenspan Quotes
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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The need for values is inbred. Their content is not.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Revolutions are something you see only in retrospect.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Gold still represents the ultimate form of payment in the world.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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They seem to sense… that gold and economic freedom are inseparable.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
ALAN GREENSPAN