Alasdair Macleod: Bank balances and gold

Section:

3:12p ET ET Sunday, May 19, 2013

Dear Friend of GATA and Gold:

The sudden vulnerability of bank deposits to confiscation for bank rescues is sending money out of banks and into equities, bonds, and gold, GoldMoney's Alasdair Macleod writes today. But for the time being bullion banks are coping with increased demand for gold delivery by rationing metal to customers. Macleod's commentary is headlined "Bank Balances and Gold" and it's posted at GoldMoney here:

http://www.goldmoney.com/gold-research/alasdair-macleod/bank-balances-an...

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



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