Greenspan Admits Fiat Money Going to Gold and it is Canary in Coal Mine to CFR on Sept 15th

Former Federal Reserve Chairman Alan Greenspan admitted to the CFR (Council on Foreign Relations) that Gold is the Canary in the Coal Mine and Fiat money is going to it. He also said it is different from other commodities!

That central bankers should be doing what these columns, among others, have been rattling on about, namely that they should be paying attention to gold. “Fiat money has no place to go but gold,” the former Fed chairman said at the Council.

Said the former Fed chairman: “If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”

This should make some pay attention, now that Greenspan is even saying "Gold is where it is at".