You are here

Alasdair Macleod: The trouble with cash

Section: Daily Dispatches

10:20a ET Thursday, May 14, 2015

Dear Friend of GATA and Gold:

Having resorted to zero or negative interest rates to support asset prices, central banks inadvertently are pushing people toward withdrawing cash from the banking system, GoldMoney research director Alasdair Macleod writes today. This in turn weakens the banking system and may prompt central banks to obstruct the holding of cash -- in which case, Macleod adds, an obvious alternative manifests itself: gold.

"It can only be a matter of time," Macleod concludes, "before people realize that with the cash option closing this is the only way to escape an increasingly dysfunctional financial system."

His commentary is headlined "The Trouble with Cash" and it's posted at GoldMoney here:

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


Silver Coins and Rounds with Employee Pricing and Free Shipping

Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion.Directory.

Simply go to and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --

-- and type "GATA" in the radio box at the top of the page.

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: