Euro to COLLAPSE warns Greenspan amid gold surge
By GCRU Gold News on Monday, February 20 2017, 08:22 - Permalink
He told Gold Investor magazine: "The European Central Bank (ECB) has greater problems than the Federal Reserve.
"The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro.
"And I have grave concerns about the future of the Euro itself.
Mr Greenspan says that investors are back to safe havens including precious metals because there is no trust in the banking system.
He added: "I view gold as the primary global currency.
"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.