Alasdair Macleod: Inaccurate statistics and the threat to bonds


9:22p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

GoldMoney's research chief, Alasdair Macleod, tonight calls attention to a private index of inflation in the United States over the last five years, the Chapwood Index, which measures "the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation." According to the Chapwood Index, inflation has not been tame, as the U.S. government would have people believe, but has been running at an average of 10 percent per year since 2011. If the bond market ever acknowledged this, Macleod writes, bond prices would be quite different. All the more reason for the U.S. government to suppress the price of gold, ordinarily an indicator of inflation.

Macleod's commentary is headlined "Inaccurate Statistics and the Threat to Bonds" and it's posted at GoldMoney here:

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


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