May 19th, 2008 by 
Phil Stewart
Unlike Paris Hilton, at least Alan Greenspan has said at least one smart thing in his lifetime.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."
- Alan Greenspan - 1966
Posted in , Phil's Blog, Quotes and Sayings, Wealth & Money | 
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