Alasdair Macleod: The Shanghai group, China, Iran, and gold |  |
Dear Friend of GATA and Gold:
The economist Alasdair Macleod, research director for GoldMoney, observes today that U.S. economic sanctions against Iran are pushing that country's trading partners away from the U.S. dollar and toward gold as a currency of international settlement. Macleod writes: "Attempts over the years by Western central banks to bluff us out of gold ownership have given China and its Shanghai Cooperation Organization affiliates a tremendous wealth-transfer windfall, as we may be about to discover. Thats what the geopolitics of gold is actually about, and it is a pity our leaders seem to be blind and deaf to it."
Macleod's commentary is headlined "The SCO, China, Iran, and Gold" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/gold-research/alasdair-macleod/the-sco-china-ir...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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