Alasdair Macleod: Putin to Use Gold As a Weapon Against the West!
SilverDoctors.com
March 25, 2014
The West is not just confronting Russia, but potentially China and the other Shanghai Cooperative Organization members as well. Russia’s relationship with the SCO brings with it the possibility of using gold as a weapon against the West, because most governments involved with the SCO have been actively buying gold while western central banks have been providing it.
So far the SCO members have been content to accumulate the west’s gold on falling prices, being careful not to disrupt the market.
We cannot say the Ukrainian crisis is over. It is more than likely Putin will not be fully satisfied until there is a Russian-friendly government in Kiev. And if a senior Russian politician cares to have another conversation with China over maximizing turmoil on Wall Street, driving up the gold price is the obvious financial weapon of choice.
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