Former Fed Chair Alan Greenspan’s enduring support for gold as a premier currency aligns with rising central bank purchases and fiat skepticism.
Former Federal Reserve Chairman Alan Greenspan’s death at 100 renews focus on his long-standing advocacy for gold as a superior store of value. Greenspan, who led the Fed from 1987 to 2006, consistently criticized fiat currencies, arguing gold protects savings from inflationary confiscation.
In a 1966 essay, Greenspan wrote that without the gold standard, “there is no safe store of value.” Even post-Fed, he maintained gold’s status as a “premier currency,” unmatched by any fiat system. His views coincide with a surge in gold prices and increased central bank demand, per World Gold Council data.
Commerzbank links Greenspan’s skepticism of unbacked money to structural shifts in global reserves, reinforcing gold’s appeal amid persistent monetary uncertainty.