Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPANI’m a plain soap kind of guy.
More Alan Greenspan Quotes
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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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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Revolutions are something you see only in retrospect.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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And she always has so much fun doing it. We make a good team.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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Derivatives have permitted the unbundling of financial risks.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
ALAN GREENSPAN