You are here

Alasdair Macleod: 2018 could be the year for gold

Section: Daily Dispatches

1:10p ET Thursday, December 21, 2017

Dear Friend of GATA and Gold:

The new year is not likely to be good for the U.S. dollar, GoldMoney research director Alasdair Macleod writes today.

The United States, Macleod writes, "will compete for dominance on military grounds while the battle for global power is in fact economic. It is a strategy America is bound to lose, because empires always thrive on trade, not suppression. Suppression is an endgame. By opting for trade isolationism and military power, the Americans are risking everything on the dollar's status being maintained, because if the dollar sinks, so does America. However, that is an increasingly likely outcome."

Of gold's prospects, Macleod writes: "They look good from an investor's point of view. From an economist's point of view, it's not gold that looks good as such but that the decline toward destruction for the dollar, the world's reserve currency, is now progressing toward its inevitable conclusion."

Macleod argues that cryptocurrencies are competing with fiat money, not gold.

He adds: "For years the gold price has been suppressed in American markets through the expansion of unbacked gold derivatives. That control is likely to be first challenged by a weakening dollar and ultimately wrested from U.S. futures and London's forward markets, if only because physical gold markets are now firmly under Chinese control."

Macleod's commentary is headlined "2018 Could Be the Year for Gold" and it's posted at GoldMoney here:

https://www.goldmoney.com/research/goldmoney-insights/2018-could-be-the-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

A Network of Bullion Dealers Who Bid for Your Business

With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you’ll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.

Click here to learn more:

http://www.hardassetsalliance.com/go/v34pm4/GAT



Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 21-22, 2018
Vancouver Convention Centre West
Vancouver, British Columbia, Canada

https://cambridgehouse.com/e/vancouver-resource-investment-conference-20...

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16