Zulauf discusses gold repatriation; FT publishes Macleod


8:30a ET Friday, February 15, 2013

Dear Friend of GATA and Gold:

As his interview with King World News continues, fund manager Felix Zulauf remarks on the repatriation of central bank gold reserves and suspicion that they have been impaired by leases:


And today GoldMoney research director Alasdair Macleod has a short commentary published in the letters section of the Financial Times and headlined: "Gold Price: It's Not Complicated":


Macleod writes: "With reference to your report 'Leading Bullion Bank Declares End to Gold's Decade-Long Rise' (February 2): Oh, dear! Why make it complicated? If you expect lots of monetary expansion over the coming years, paper money's value can be expected to decline. If you expect governments to stop trashing their currencies, it probably won't. That is what the future price of gold will reflect, pure and simple."

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


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