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Alasdair Macleod: BIS seems to be edging away from dollar and toward gold

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Chris Powell
GATA
Published : July 18th, 2014
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Category : GoldWire

A recent interview with the general manager of the Bank for International Settlements, Jaime Caruana, suggests that the bank is edging away from Keynesianism, monetarism, and the U.S. dollar and becoming more partial to gold as the base of the international monetary order, GoldMoney research director Alasdair Macleod writes today.

"Even though central bankers in the political firing line only know expansionary monetary policies," Macleod writes, "it is clear that influential opinion in many quarters is building against them. It is too early to talk of a new monetary regime, but not too early to talk of the current one's demise."

Macleod's commentary is titled "Monetary Discord" and it's posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/mo...gmrefcode=ga...
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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