Alasdair Macleod-Gold Price Could be Driven Higher by Panic Demand
When will the Chinese make their next big move? Financial expert
Alasdair Macleod says, “Their style is not to go in and disrupt markets.
They act very, very quietly. You would hardly know they are there.
This is certainly how they have handled their acquisition of gold. I
don’t think they would want to be blamed for destabilizing western
capital markets. What could happen is if we set a chain of events going
that would lead to our own demise, then the Chinese would protect
themselves. There is so little gold left in western vaults now . . .
anything that changes the really sunny outlook for bonds equities and
all the rest of it . . . and for people to realize that people don’t
have any gold, that could drive the price sharply higher because there
is not enough gold for us to buy. The stocks are very, very low, and
anybody who comes into the market is going to have to bid it up to get
it.”
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