Alasdair Macleod: The great game accelerates

Economist and market analyst Alasdair Macleod today outlines what he sees as China's strategy toward the West, the Middle East, and Asia, a strategy in which gold plays what could become the decisive role.

Macleod writes: "Physical gold is being cornered, leaving Western capital markets operating as little more than casinos backed only by hot air. The dollar will one day be a bit-player in international trade, meaning that enormous quantities are becoming redundant and will have to be sold for something else. After the inevitable upward explosion in the dollar price of gold, we shall be left wondering at what price we will need to offer our goods and services to get some of it back from Asia."

His commentary is headlined "The Great Game Accelerates" and it's posted at his Internet site, Finance and Economics, here:

http://www.financeandeconomics.org/the-great-...me-accelerates/