The much talked about, much heralded Beijing Olympics are set to kick off in a week's time. This week, a story on the British Broadcasting System (BBC) caught my attention and made the hairs on my neck stand up.

It turns out there is a bigger issue at play that just smoggy air that could hurt the athletes. Turns out Chinese authorities are bracing for possible terrorist attacks and have installed anti-aircraft guns along with a host of other weaponry.

I seriously hope nothing of the sort happens, but if it does it will sweep China into the realm of America's war on terror. The implications of such an event are staggering and too complex to discuss at this point. But, if something of the sort does happen, the already shaky global financial system will suffer another body slam. I am keeping my eye on Gold for if something nasty does unfold in China, we will see the price of Gold do well as money gravitates to the safety of a hard physical asset with stable value.

I invite feedback on this issue from visitors to this site. The question is – what do you think the implications will be should the Beijing Olympics be marred by a terrorist incident?