Despite Drop, Gold Getting Set To Reenter Monetary System
KingWorldNews.com
October 2, 2014
Today an outspoken hedge fund manager out of Hong Kong spoke with King World News about the recent comments from former Fed Chairman Alan Greenspan concerning the prominence of gold in the global financial architecture. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke about the remarkable U-turn by Greenspan regarding gold as well as what this means for gold in the future.
Eric King: “Bill, I know you’ve had a chance to take a look at this commentary from Alan Greenspan “The Enduring Power Of Gold.” It is incredibly fascinating because Greenspan has done a complete reversal and gone back to his roots from 1966 when he wrote his essay “Gold and Economic Freedom.” Once again he sounds like the guy who wrote that fantastic piece. What’s happening here? What is your take on this?”
Kaye: “It was astounding, Eric. Greenspan has made a complete U-turn. For people not familiar with his career, he had been a consultant for years when I started on Wall Street. He was working at a consulting firm in New York that was actually not very successful….
The Rest…HERE
