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Alasdair Macleod: Credit deflation and gold
9:17p ET Thursday, July 16, 2015
Dear Friend of GATA and Gold:
In his new commentary, "Credit Deflation and Gold," GoldMoney research chief Alasdair Macleod predicts that China will be compelled to devalue its currency against gold rather than directly against the U.S. dollar. Such a revaluation, Macleod writes, "would be presented to the world as bound up with China's domestic economic problems, instead of an act aimed at undermining the dollar's reserve status -- a solution that is less confrontational than outright disagreement with Western central banks over gold's role in the international monetary order."
"Credit Deflation and Gold" is posted at GoldMoney's Internet site here:
https://www.goldmoney.com/research/analysis/credit-deflation-and-gold?gm...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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