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Alasdair Macleod: That G-20 meeting
10:18a ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
With economies declining nearly everywhere, GoldMoney research director Alasdair Macleod writes today, the recent G-20 meeting in Brisbane may have given a boost to government intervention.
Macleod writes: "We might look back on Brisbane as a milestone in global economic policy, when governments and central banks changed the emphasis of economic management from monetary stimulation through the financial system toward a greater emphasis on direct government intervention. In the process two things are likely to happen: Currencies will begin to lose their purchasing power with respect to everyday goods, and government bond yields are likely to rise, undermining financial asset valuations. ... It will be very good for inflation hedges like gold."
Macleod's commentary is headlined "That G-20 Meeting" and it's posted at GoldMoney here:
http://www.goldmoney.com/research/analysis/that-g20-meeting?gmrefcode=gata
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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