ALAN GREENSPAN, who stepped down last week as chairman of the US Federal Reserve after 18½ years, yesterday blamed the threat of terrorism for the soaring gold price, in his first private sector speech since being let off the leash of officialdom.
According to members of his audience of international investors — watching a holographic image in Tokyo as he spoke in New York — Mr Greenspan said that the high cost of gold did not reflect inflation or the strength of commodities, but rather a fear among investors of a major geopolitical conflict.
Greenspan contnues to torment gold bugs in his retirement!
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