Quote from Sodajerk:
Links for what? I'm simply asking Mr. Greenspan for something resembling a logical argument for his opinion. Considering he was later hired to run the Federal Reserve (who surely knew about his position, which he never repudiated afaik), his answer would merit careful scrutiny. Especially relevant is the list of who already owns the gold he would make the basis of money. I suspect there is a significant overlap between those people and the private shareholders of the clever entity that employed him.
Let them manipulate gold, rather then paper. Much lesser evil...
Gold does not solve all problems, but does solve problem of inflation and manipulation of fiat currencies.