You are here
Alasdair Macleod: The monetary lessons of Germany
6:15p CT Thursday, October 31, 2019
Dear Friend of GATA and Gold:
A credit crisis is developing and it probably will devastate currencies, GoldMoney research director Alasdair Macleod writes today.
The crisis, Macleod writes, "will almost certainly be far greater than Lehman. We can also say that the money printing by central banks to rescue both the banking system and government finances will be on a far greater scale, likely to destabilize the purchasing power of government currencies. If that happens, interest rates will be forced higher as prices for everything begin to rise uncontrollably, irrespective of central bank interest rate policies. And where they depend on budget deficits being covered by additional issues of government stock, government finances will be in crisis. It will threaten the ending of unbacked currencies based only on the faith and credit of governments whose spending is spiraling out of control."
... Dispatch continues below ...
Great Bear Drills New Near-Surface High-Grade 'Yauro Zone' Discovery at Dixie:
10.32 g/t Gold Over 18.20 m, 5.60 g/t Gold Over 25.25 m, and 16.60 g/t Gold Over 6.00 m
Company Announcement
Wednesday, October 30, 2019
VANCOUVER, British Columbia, Canada -– Great Bear Resources Ltd. (TSX-V: GBR) today reported new results from its ongoing, fully-funded 90,000-metre drill program at its 100%-owned Dixie project in the Red Lake district of Ontario.
Three new gold discoveries have been made and drill results disclosed in this announcement are from the following zones along the LP Fault: Yauro (new zone), Viggo (new zone), Bear-Rimini, Northwest of Bear Rimini; and along the North Fault (new zone), which runs parallel to the LP Fault. ...
Results include: 32 g/t gold over 2.65 metres and 21.33 g/t gold over 3.30 metres, within a wider interval of 5.14 g/t gold over 37.40 metres; 30.66 g/t gold over 3.45 metres, within a wider interval of 5.60 g/t gold over 25.25 metres; and 35.96 g/t gold over 1.73 metres, within a wider interval of 2.01 g/t gold over 66.20 metres. ...
... For the remainder of the announcement:
https://mailchi.mp/08390992ba61/great-bear-drills-new-near-surface-high-...
And then, Macleod writes, the future will depend on whether the new leaders who come to power pursue free markets or totalitarianism.
Macleod's commentary is headlined "The Monetary Lessons from Germany" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/the-monetary-lesso...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/noic-promo/powellgata/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
