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  • 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
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    Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin
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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
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