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Alasdair Macleod: Helicopter Ben flies again
11:44a ET Sunday, September 30, 2012
Dear Friend of GATA and Gold:
The Federal Reserve's open-ended monetization of mortgage-backed securities is likely to prod money into agricultural commodities and gold, GoldMoney Research Director Alasdair Macleod writes today. Macleod adds that gold also "will catch the attention of bank treasury officers because of the impending changes in Basel III rules that upgrade gold to the equivalent of cash for balance sheet purposes. At the moment few banks other than the 40 or so bullion banks have any gold on their balance sheets, a situation that can only lead to a significant new source of buying for the metal."
Macleod's commentary is headlined "Helicopter Ben Flies Again" and it's posted at GoldMoney here:
http://www.goldmoney.com/gold-research/alasdair-macleod/helicopter-ben-f...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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