Clive Maund: Bailout will be inflationary, great for precious metals

Section:

1:55p ET Sunday, September 21, 2008

Dear Friend of GATA and Gold:

Market analyst Clive Maund argues in commentary posted today, as JSMineSet's Jim Sinclair has argued, that the U.S. government's plan to rescue the U.S. banking system will be hugely inflationary and good for precious metals and commodities. Maund's commentary is headlined "The Bailout Plan: What Does It Mean, Especially for Gold and T-Bonds?," and you can find it at GoldSeek here:

http://news.goldseek.com/CliveMaund/1222029052.php

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

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