You are here

Alasdair Macleod: The reasoning behind gold's breakout

Section: Daily Dispatches

11:12p ET Thursday, July 25, 2019

Dear Friend of GATA and Gold:

In his new essay, "The Reasoning Behind Gold's Breakout," GoldMoney research director Alasdair Macleod delightfully explodes eight of the common myths about gold, myths tightly held by investment fund managers:

-- Gold is no longer money.

-- Gold doesn't pay interest.

-- Gold is expensive to store and insure.

... Dispatch continues below ...


Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

-- Gold has no intrinsic value.

-- Gold has no use beyond looking pretty.

-- Gold is volatile.

-- Gold is a "greater fool" investment.

-- Gold's value was higher 40 years ago in real terms.

Macleod concludes: "With governments everywhere itching to increase spending without raising taxes and as the global economy sinks into a trade and credit-cycle-induced recession, budget deficits will fuel monetary inflation at a faster pace than seen before. Relearning that gold is sound money is now the most urgent priority for all those charged with responsibility for other people's investments."

Macleod's analysis is posted at GoldMoney here:

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

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019

* * *

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: