Alasdair Macleod: The geopolitics of gold

Section:

8:57a PT Sunday, May 26, 2013

Dear Friend of GATA and Gold:

Gold is the battlefield between East and West, GoldMoney research director Alasdair Macleod writes today, with the East using the monetary metal to hedge its exposure to Western currencies and Western central banks nearly out of the metal necessary to control the price through the derivatives system.

"The sensible approach for Western central banks," Macleod writes, "is to defuse the problems arising by taking positive steps to ensure that gold markets operate properly. This is conceptually difficult, because the most likely result, a higher gold price, would risk undermining confidence in the major currencies and most probably damage the bullion banks in London. Despite these difficulties, realities have to be faced."

Macleod's commentary is headlined "The Geopolitics of Gold" and it's posted at GoldMoney here:

http://www.goldmoney.com/gold-research/alasdair-macleod/the-geopolitics-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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