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Alasdair Macleod: More euro-tragedy

Section: Daily Dispatches

3:05p ET Friday, January 30, 2015

Dear Friend of GATA and Gold:

"Quantitative easing," GoldMoney research director Alasdair Macleod writes today, "transfers wealth from savers to financial speculators and other early receivers of the new money. Somehow, the impoverishment of the working and saving masses for the benefit of the central bankers' chosen few is meant to be good for the economy."

And now that "QE" is being internationalized through competitive devaluations, Macleod adds, gold demand is likely to rise in the advanced Western economies, even as demand lately has been high in Asia.

Macleod's commentary is headlined "More Euro-Tragedy" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/more-euro-tragedy?gmrefcode=gata

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



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