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Stewart Thompson: QE and gold revaluation
1p ET Tuesday, February 19, 2013
Dear Friend of GATA and Gold:
Market analyst and newsletter writer Stewart Thompson argues today that as "quantitative easing" increasingly is recognized to have failed to revive economies, nations will turn to gold revaluation, just as they did during the Great Depression.
"Gold is going higher, much higher," Thompson writes. "It's going higher because government treasury departments are moving away from quantitative easing involving bonds and toward QE involving gold. The gold bears will be destroyed, and everything they made you afraid of will seem ridiculous in hindsight. There will be no currency war, but there will be co-ordinated devaluation of all G20 currencies against gold, just like there was in the 1930s."
Thompson's commentary is headlined "QE and Gold Revaluation" and it's posted at GoldSeek here:
http://news.goldseek.com/GoldSeek/1361289581.php
At 24hGold here:
http://www.24hgold.com/english/contributor.aspx?article=4253434128G10020...
And at 321Gold here:
http://www.321gold.com/editorials/thomson_s/thomson_s_021913.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
http://www.gata.org/node/11765
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
How can you learn why and what it will mean to you?
Read the newly updated and expanded edition of Lehrman's book, "The True Gold Standard."
Financial journalist James Grant says of "The True Gold Standard": "If you have ever wondered how the world can get from here to there -- from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren -- wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him."
To buy a copy of "The True Gold Standard," please visit:
http://www.thegoldstandardnow.com/publications/the-true-gold-standard
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http://www.cambridgehouse.com/event/california-resource-investment-confe...
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