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The American Empire in a Changing World



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Wednesday, October 24, 2012

''Gold is part of the new economic order''

From Finance and Economics

''One thing is certain: gold is not part of the old economic order, which is comprised of the US, UK, Euroland, and Japan. The new economic order is different, embodied in the Shanghai Co-operation Organisation (SCO) with its members, observer states and affiliate nations. Those interested in the future course of precious metal and commodity prices should take the trouble to understand the significance of the SCO. The SCO is already driving prices in commodity markets, and this transfer of power from the old to the new economic order is of tectonic magnitude, but the pace is far from tectonic, more like volcanic.''

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