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Alasdair Macleod: China chooses her weapons
8:30p ET Thursday, August 20, 2015
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes today that China, with its small devaluations, is showing the United States and the world that it can convulse the foreign exchange markets and the world economy whenever it chooses. Macleod adds that China's new monthly announcements of increases in its gold reserves "are a signal that China believes she can destabilize the dollar through her control of the physical gold market, because it gently reminds us of an unanswered question always ducked by the US Treasury: What evidence is there of the state of US gold reserves?"
Macleod's commentary is headlined "China Chooses Her Weapons" and it's posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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