Alasdair Macleod: The history of gold's flight to the developing world

1:54p ET Friday, December 6, 2013

Dear Friend of GATA and Gold:

Writing for Chris Martenson's Peak Prosperity Internet site, economist and former banker Alasdair Macleod has produced a masterful history of the geo-politics of gold over the last four decades, much of which involves the policy of price suppression adopted by Western central banks and implemented through the expansion of "paper gold" by their agents, the bullion banks. Macleod deduces that since their smashing of the gold market in April, Western central banks have been supplying much metal surreptitiously to hold the price down. From import and official reserve data he calculates that the Western central banks have little metal left and that their control of the gold market is nearly at an end.

Macleod's commentary is pretty much a state paper for the gold community and is not to be missed. It is titled "There Is Too Little Gold in the West -- The History of Gold's Flight to the Developing World" and it is posted at Peak Prosperity here:

http://www.peakprosperity.com/blog/83626/there-too-little-gold-west

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