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Who said it?

Published:

Last Edited: July 25, 2011, 10:26 am

"[G]old is always accepted and is the ultimate means of payment and is perceived to be an element of stability in the currency and in the ultimate value of the currency and that historically has always been the reason why governments hold gold."

Extra credit for naming who they said it to.  Wink

We already know who was absent that day and didn't get the memo.  Chair

Entry #597

Comments

1.
JAP69Comment by JAP69 - July 25, 2011, 10:40 am
I have no idea.
2.
rdgrnrComment by rdgrnr - July 25, 2011, 10:57 am
Alan Greenspan said it to Congress.
3.
TigerAngelComment by TigerAngel - July 25, 2011, 5:40 pm
I shoulda coulda woulda kept my gold dredger!!
4.
time*treatComment by time*treat - July 25, 2011, 10:05 pm
Yep. When Greenspan made that statement, gold was under $300 an ounce.

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