Why Do All Developed Countries Have Gold Reserves?

Why Do All Developed Countries Have Gold Reserves? by Rory – The Daily Coin

In October 2014 Alan Greenspan was interviewed by the Council for Foreign Relations. After the interview concluded Mr. Greenspan, with the tape still rolling, made some very interesting comments about gold. Not sure if these “off-air” comments were staged or if they were organic. Either way Greenspan said what he said. From my perspective this may be one of the more important comments he made

“…intrinsic currencies like gold and silver are acceptable without a third party guarantee”

Gold serves a very important place in monetary reserves…

Why did Central Banks put money into an asset which has no rate of return, but cost of storage and insurance and everything else like that; why are they doing that? If you look at the data, with very few exceptions, all of the developed countries have gold reserves. Why?”
– Alan Greenspan, October 29, 2014 Source

Now, in early 2017, Greenspan is saying more fantastical things about gold, gold value and reasons for holding gold. If you remember Greenspan was a huge gold bug prior to his tenure with the Federal Reserve and being a sock puppet for the true rulers of this once proud nation.

“Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”

“Today, going back on to the gold standard would be perceived as an act of desperation. But if the gold standard were in place today, we would not have reached the situation in which we now find ourselves,” he said.Source

There are some smart people that believe returning to a gold standard would hurt the citizens as the gold would simply be concentrated into a few hands and the rest of the citizens would be slaves to the system. Well, what about the largest economic growth period combined with the most prosperous time in human history? During 1800’s the industrial revolution, fueled economically by a gold standard, witnessed a transformation in human history. It all came crashing down, literally, when the criminal central banks hijacked the U.S. and began weaving a global web of deceit that enslaved the citizens beginning December 23, 1913.

There is no telling where our world would be had we remained on a gold standard and the people/citizens been allowed to prosper on the same scale as the scum globalist, uber wealthy have done over the past 100+ years. Today the rich have become billionaires and trillionaires while the masses carry the weight of debt and economic enslavement.

“We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line.”


“[T]here is a widespread view that the 19th Century gold standard didn’t work. I think that’s like wearing the wrong size shoes and saying the shoes are uncomfortable!” he said. “It wasn’t the gold standard that failed; it was politics.” Source

Gold is not the problem. A gold standard is not the problem. The problem are the citizens bending over and bowing down to a handful of street-corner criminals and allowing them to dictate their lives. The street-corner criminals grew up and became banksters, CONgreesmen and other so-called “representatives”. The street-corner criminals are the same criminals they were from the beginning of their filthy lives, the only difference is, they now wear $5,000 suits and have speech writers to use words that deceive the public at large.

Returning to a gold standard would strip these criminals of everything. It would most likely collapse the Wall Street gangs and strip the deep state in Washington DC of their so-called power. Returning to a gold standard, as Greenspan is seemingly alluding to, would transform our economy and return the power to the people as President Trump has been discussing the past several months.

Below, you can hear for yourself Alan Greenspan discussing gold and silver as currency. You can hear for yourself how Mr. Greenspan really feels about gold and silver being returned to the monetary system. His statements are in perfect alignment with his beliefs prior to becoming “the maestro” of bubble economics.

Sharing is caring!

The Daily Coin

Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.