In the same category

Alasdair Macleod: 2018 could be the year for gold

IMG Auteur
Published : December 21st, 2017
228 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire

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:

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow