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Alasdair Macleod: Cyprus triggers preference for goods
7:06p ET Sunday, March 31, 2013
Dear Friend of GATA and Gold:
GoldMoney's Alasdair Macleod predicts tonight that the financial debacle in Cyprus will push preferences in Cyprus and throughout the euro zone away from holding money and in favor of holding goods. This, Macleod writes, is likely to push prices higher. "The question," he adds, "then becomes: How will the European Central Bank respond? Will it raise interest rates to curb this unexpected price inflation, or keep them low for fear of precipitating a collapse of insolvent banks and governments?" Macleod's commentary is headlined "Cyprus Triggers Preference for Goods" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/gold-research/alasdair-macleod/cyprus-triggers-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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