Axel Merk: Greenspan admitted that Fed is not politically independent

Section:

1:20p ET Wednesday, October 29, 2014

Dear Friend of GATA and Gold:

Fund manager Axel Merk of Merk Investments today calls attention to a few comments made Saturday by former Federal Reserve Chairman Alan Greenspan at the New Orleans Investment conference -- including acknowledgment that the Fed is not politically independent, as is often claimed, and his expectation that the price of gold will rise. Merk's commentary is headlined "Greenspan: Price of Gold Will Rise" and it's posted in the "Insights" section of the Merk Investments Internet site here:

http://www.merkinvestments.com/insights/2014/2014-10-29.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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