Tag Archives: alan greenspan

Gold may or may not make you money, and it doesn’t pay dividends. But when there’s a currency crisis, gold has proven to protect your savings against losses. Such is the case right now in Russia, where the ruble has lost about half of its value. In this edition of the Market Report, Will Hart and Jake Kennedy explain exactly why gold is such a critical component of your portfolio for just this reason.

Several big names from the financial world have recently came out in favor of gold, including former Fed Chair Alan Greenspan who said that given its value as an international currency and that it’s unaffected by government decisions, gold is a good place to put your dollars these days. Yet, many financial advisers and stock brokers still don’t advocate gold. Why? Listen to our latest edition of the Market Report with Will Hart and Jake Kennedy.

Last month, Wickwire gave some reasonable arguments as to why one should buy gold. “I believe, he said, “that now is a good time to take advantage of the negative sentiment short-term trading sentiment.” Is Wickwire right? Do you really need gold in your portfolio? Listen to our latest edition of the Market Report.

Alan Greenspan surprised many Americans with his recent advice to stock up on gold. Although it’s rare to hear such advocacy for gold from a former Chairman of the Federal Reserve, Greenspan’s appreciation for gold is far from surprising. In this edition of the Market Report, hear what Will Hart and Jake Kennedy have to say about Greenspan and gold.

The “protectors” of our dollar over at the Federal Reserve would like to have you believe that they’re working in our best interests. But then why are they creating so much debt, and why are they printing our money into oblivion? The conflict of interest at play may surprise you.

As part of the unprecedented “money-printing” scheme called Quantitative Easing, the Fed created more than $4 trillion out of thin air to purchase government bonds and mortgage-backed securities. Alan Greenspan criticized the Fed for not achieving its goals with the expired stimulus, predicting financial turmoil and advising people to invest in gold. Find out why here.