No Western Central banker current or former will ever come out and make statement on gold. Including Alan Greenspan.

A Former Central Banker’s view on Gold

Dr Subbarao became Governor of the Reserve Bank of India (RBI) on 5 September, 2008. Less than two weeks later, Lehman Brothers collapsed, precipitating a global economic downturn not seen since the 1930s.

“If emerging markets cannot rely on the dollar as a guard against exchange rate instability, then we have to build our own defences. Holding gold within our reserves is an integral part of that self-defence,”
“it is clear that gold is a risk diversifier – a hedge against not just financial risk but also political risk. It is also a long-term store of wealth. As such central banks, especially those from emerging markets, can increasingly see the merits of adding gold to their reserves,”

“The truth was far simpler,” says Subbarao. “Gold is a good long-term investment and a reliable reserve asset.”