Alasdair Macleod: The return to a gold exchange standard

4:17p ET Thursday, February 21, 2019

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod argues today that only reimposition of a gold standard can save Western countries from the hyperinflationary collapse made inevitable by their welfare-state model of government. The example of Germany during and just after World War I, Macleod writes, shows how quickly a fiat currency can crash once people apprehend its devaluation, though he acknowledges that through market rigging and data doctoring Western welfare states have prolonged the process of recognition.

Macleod's commentary is headlined "The Return to a Gold Exchange Standard" and it's posted at GoldMoney here:

https://www.goldmoney.com/research/goldmoney-insights/the-return-to-a-go...

GATA does not advocate returning to a gold standard, as it's all the organization can do simply to discern and expose what sort of systems are being operated largely surreptitiously by central banks. But we're generally of the opinion that if the monetary metals markets are ever liberated from central bank intervention, the world will remonetize them all by itself in less than a week -- which is precisely why central banks intervene so relentlessly against the monetary metals.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org