“Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.”

Mr. Greenspan, who ran the Fed from 1987 to 2006, was generally downbeat on the economy and the state of central bank policy around the world. Once lauded as the “The Maestro” for his stewardship of central bank policy, he has come in for criticism for his handling of monetary policy during the housing market bubble that burst and was followed by the most severe financial crisis and economic downturn since the Great Depression.
You can read the entire article [Zero Hedge]

The world has no shortage of doom-saying economists ready to advise investors to stock up on gold against a coming financial catastrophe. Until recently, none of them could claim to be a former Chairman of the Federal Reserve Board. [You can read More On CNBC]