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Alasdair Macleod: The geopolitics of gold
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.
Jim Sinclair to hold gold seminar in London on June 1
Mining entrepreneur and gold advocate Jim Sinclair will continue his international seminars about the gold market with a four-hour session in London on Saturday afternoon, June 1. The seminar will be held at the Hilton hotel at Heathrow Airport. Admission will be $50. Attendees must register in advance. Complete information is posted at Sinclair's Internet site, JSMineSet, here:
http://www.jsmineset.com/2013/05/08/london-qa-session-announced/
Join GATA here:
World Resource Investment Conference
Sunday-Monday, May 26-27, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/world-resource-investment-conference...
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