'Get the Hell Out of Credit' - Only Gold Survives Coming Collapse: Alasdair Macleod

[@jbl6338]

Great interview, pls bring Alisdair Macleod on gain soon! Great comments and analysis re interest rates, debt and bank risk.

[@desmondmagrath8262]

Thank you Jesse for interviewing my old friend Alasdair. He's always interesting to listen to on all things financial.

[@dant3232]

I could listen to Alisdair all day

[@briankoontz9711]

Equities will crash and take cryptos with them as Alisdair says. In addition, I expect industrial commodities with them, at least for a time. Even gold could drop back, as it has historically done, then V bottom and go to new highs. But, in this global environment, gold will be under demand pressure feom central banks. So, goldbugs need to stand firm and not get shaken out.

[@Null-o7j]

Alisdair is a glow in the dark alphabet soup shill. Its so obvious just like greer they all have that 24/7 shit eating grin on their face that comes from bsing 24/7

[@iRelevant.47.system.boycott]

Only need to go back to the GFC to watch the price moves and the importance of a long terms strategy.

[@nealkelly9757]

The government is printing too much money for equities to crash

[@johannakamstra-schickendan7380]

Very well informed guest thank you

[@tanyabischoff]

I've just begun learning about value investing, and I've found that many good stocks are undervalued despite their intrinsic value. If you had $200,000 to create a strong investment portfolio, which stocks would you choose for better returns?

[@garnold-l5p]

I think a good investment portfolio should have three basic things: ETFs for diversification, dividend stocks for cash flow, and leading tech stocks. With your budget, it's a good idea to talk to a fiduciary financial advisor for expert advice.

[@Mlanderos-t9e]

I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.

[@Simeonedavis]

I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?

[@Mlanderos-t9e]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Laurel Ann Watkins for years and highly recommend her. Look her up to see if she meets your criteria.

[@Simeonedavis]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@BlueWaterSTAX]

Brilliant discussion mate's. Happy Holidays Stackers ✌️

[@hughjanis6439]

Risk free, these guys have no idea. That was good!🤣

[@BlueWaterSTAX]

Treasuries are going to 0😂😂😂😂😂😂😂😂😂

[@Kingofthehill84]

Good luck holding on USD 😅😂

[@iRelevant.47.system.boycott]

@@BlueWaterSTAX Their backed by a gun and state monopoly on violence.

[@petruflorintofoleanu5865]

ALASDAIR ❤

[@French_Connection]

d'accord

[@vincecomo4306]

Whatever gold reaches, in a worldwide global collapse, the absolute fear through the ensuing panic, will guarantee that silver, at a minimum, returns to its historical 15:1 ratio and because this event will be one for the ages, silver will overshoot as it always does to a jaw dropping single digit ratio. The price of 50 years of playing stupid games is about to be repaid and recompensed. There comes a point where the world learns again why these two metals forever remain known as “precious “ and “rare”.

[@Null-o7j]

Cope.

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍

[@johnaustin6853]

At 19:00...Alisdair mentions that in many countries, one can only swap your local fiat currency by buying gold. He's right of course - Australian Banks, for instance, do not allow private citizens to hold USD, GBP, XAU etc accounts. AUD only. However, in Singapore and Malaysia, having foreign currency and XAU accounts, is quite normal. This probably affects the mindset of the local citizens.

[@davebellamy4867]

Good point. In UK, you could hold Euro or dollar accounts. I recall my bank offring an account in £/$/€ but only for customers with some dosh I guess. It probably came with a stock brokerage account. Around 2006-2007. This bank started to offer fewer options though. I didn't have funds to have that account really.

[@halfon005]

VERY interesting, new investor here, sponging everything up, especially gold and land.

[@mohhingman]

@@johnaustin6853 Australia thankfully allows gold holdings. Hope they continue this retail policy.

[@longgowhereto]

Jesse, your Canada view was very appreciated - Alasdair is it always. Thanks a lot!

[@wealthyspaces1131]

Found other comments insulting great interview 😊

[@dominicestelley3169]

I'm patient.

[@deez771]

Great show as always, Jesse! Alasdair gets it. Gee, you think the reason all these states are legislating to change silver and gold’s status to legal tender is because they know the fiat $ crash is imminent? 🤔🤔

[@nickfrechette6264]

Why did you use the number 771?

[@Richard-y5u]

If markets crash gold will sell off too I’m afraid, it always does.

[@MyBrian67]

“Always does” will probably be a thing of the past this time around.

[@shafiqrashid2010]

When market crash that's where the function of gold and silver materialise😊

[@vmflint]

No doubt! To meet skyrocketing margin requirements when asset prices collapse

[@PaulLucas-lx4cu]

when stocks crash, perhaps Fund Managers will need to raise cash fast... do they sell gold holdings for instant cash?

[@mohhingman]

I am counting on it. Cheap gold

[@superstar5123]

Great content

[@FerdlFranz]

Alasdair is just great❤

[@tabs9213]

Part 2: The historical imperative has always been that there is only one possible outcome. Empire from dust to dust.

[@ALF-wh6in]

69 tons of gold is three Tractor trailer loads of gold .

[@bruceposch1449]

a tonne of gold is about the size of a microwave oven or toaster oven. 1.74 feet X 1.74 feet X 1.74 feet. A kg of gold is about the size of your cell phone. So one tonne of gold would be about the volume of 1000 cell phones. A kitchen refrigerator 36" X 36" X 60 " high is 49 cubic feet, or 8.65 tonne of gold. So 69 tonnes of gold would be about 8 refrigerators.

[@davebellamy4867]

Yes but it's not gonna fill that space. Nowhere near. Plenty of room for 40 illegals in each trailer.

[@minnesotasalamander5913]

Alasdair was on.

[@claudelengyel5098]

In gold we trust!

[@tylershoemaker4886]

He said ‘to a lessor extent, silver’ which is unfortunately untrue with the future deficits coming. Countries with no strategic silver supply will suffer immensely.

[@PRyan_Limerick]

Silver is undervalued, in deficit & 'manipulated' to keep price down. The Silver:gold ratio is over 88:1 but mined @ only 6.3:1 in 2024 !!

[@JasonDeville-fi4dh]

No gov has strategic silver supply dude. These silver bugs have disabilities I swear.

[@14lou]

Silver no longer has a monetary role because gold doesn't need it now that BTC is taking over..

[@JasonDeville-fi4dh]

@@14lou delusion

[@14lou]

@@JasonDeville-fi4dh History will record otherwise

[@ronaldmiller3619]

Canada has alot.of gold in the ground

[@richardclausen154]

Yes, but at what cost to extract?

[@bobkent2334]

After many years of delay, Canadian miners will be permitted to extract some gold only if their machinery is powered by distilled butterfly f*rts.

[@Chuck68ify]

Dig babe dig!😊

[@wendybevan6917]

Collectivist Marxist gatekeepers❤ notwithstanding wakey wakey

[@French_Connection]

@@richardclausen154 Their wealth is the diversity of people ... they say.

[@BoSaycosie-u6p]

Ok thanks 🙏

[@TheDentist27]

Currency collapse and a collapse in equities is mutually exclusive. It’s a melt up currency collapse.

[@14lou]

Another gold bug hoping the failure of gold can be turned around

[@peterfischer5459]

Do everything! Gold, Crypto, Businesses, Physical Assets, AI and more. I stay out of fiat and equities and away from banks and Govt’s where possible. If little old me can do it anyone can ✅. All bases covered.

[@noneofyourbusiness5433]

FWIW we are in a very similar setup to 1929. High concentration in a number of stocks, falling demand and a president that favours tariffs. However this time govs can't use debt to stimulate like they did in the GFC. It's going to be messy........

[@jmn93065]

No one has ever asked the question, why has the US not been in the gold purchasing business? Certainly any gold in Fort Knox is leased out and not owned by US. Nobody wants to speculate why that is.

[@Watchingtheparadegoby]

Been a minute since I listened to Alisdair Macleod. Nice to hear him again

[@johncarter5703]

I'm a big fan and alasdar¡!!!

[@markusfrey4256]

I think Alisdair is wrong in his opinion about Bitcoin. I cannot see Bitcoin undermining the US dollar as Alisdair says because the rise of Bitcoin also increases the demand for US bonds as they are in demand for stablecoins that back Bitcoin trading. Moreover, Bitcoin is by no means competition or collateral to the US dollar as it is converted into fiat currency when the decision is made to purchase goods and services with the value accumulated in Bitcoins.

[@davebellamy4867]

Possibly. I can't work it out. It's uncertain. The US hegemony hates real money (gold) and it needs to devalue it if possible, so it invented a competitor (Bitcoin). It has to be a grand deception because they hate sound money and as Saylor says, BTC is sound money. Sound money of any kind is the arch enemy of central bankers and their pursuit of total power by buying the whole world with printed currency. So they have to be using BTC to steal funds from gold and to try to frontrun the last major runs of the crypto speculative bubble. Reminds me a bit of John Law and the Mississippi Bubble. Ultimately the central bankers have to replace one fiat with another to continue to inflate the new system. Bitcoin is inherently deflationary because it's hoarded and its stock to flow will be high. The more sound it is as money the higher the stock to flow would be as it gets HODLed.

[@Diogenes515]

Would Alasdair’s preferred portfolio be 100% gold, possibly minus a little silver and cash?

[@craigf2696]

It's certainly mine. 60 gold 40 silver and $10,000 cash. If the sociopaths manage to facilitate the crisis required to mask the currency collapse, cash will only be recognized for a very short time period.

[@richardpaul1678]

Alasdair Macleod represents a company that sells investments in gold. Hardly surprising that he thinks all other assets are rubbish!

[@tinfoilhatplumber485]

Oil going much , much higher also along with P.M.

[@vmflint]

Yields on 10 yr US Treasury bonds are coming Down, not going Up! Recession is around the corner.

[@HankSemoreButz]

He’s wrong about Russian foreign policy though. It’s like the old joke; What do Russians call other countries? Russia 😂

[@Chuck68ify]

Right, remind me who has 750 military bases around the world?

[@HankSemoreButz]

@ Russia, Turkey, and China…

[@henstar1731]

Clueless

[@HankSemoreButz]

@@henstar1731 yes you are

[@henstar1731]

Or should I say you are uneducated

[@noeltan3596]

When the stock market crashes, liquidity will be drained. Everything will be sold off in the great deleveraging, including gold. Then Fed will step in to pump liquidity into the system. That is when gold takes off. This may sound like you should hold cash to wait for the crash. But it could be months/years before the crash happens, so you could missed out lots of gains now.

[@BoSaycosie-u6p]

Oh yeah 👍

[@darylroughley2807]

Gold 50% in 2 yrs rise or, real inflation rising a lot faster than they are letting on.

[@victorfontaine4943]

I made my prediction for $100k Gold and $4k Silver about 3 months ago and I’m sitting on it. Your paper currency is about to turn into dust. They don’t need US anymore… Purely by coincidence, bitcoin hit $100k and ETH touched $4k, I wonder why.

[@OctavioPaz-n4n]

Gold is going to zero. People are moving over to bitcoin. This isn’t the 5th century

[@Myscentsei]

​@@OctavioPaz-n4n Yea! Fake assets rule. Own nothing baby! 😜

[@coreyrawlinson2236]

@@OctavioPaz-n4nyeah because all the central banks are stacking bitcoin 😂

[@mandingo_matty]

@@OctavioPaz-n4n😂

[@thomasprejean2107]

Let’s see , gold be here 6000 years, bitcon maybe 15 years. I am 78, iam sticking to AU.

[@Bob-kq1hw]

Great info, but honestly have heard this same thing for years. I do hold and accumulate Silver, and know for sure, one day... but the thing that just doesn't make sense is that if gold and silver were actually freely traded, and supply/demand played out as it should, silver and gold would be much much higher (especially since the central banks all around the world have been buying and buying, and yet, in the big scheme of things, the prices have not gone significantly up (sure, they are up, but near the levels they should be....banks are allowed to short the derivatives of silver to such an extent, (millions of ounces not even out of the ground), that they can control the price

[@Myscentsei]

Imagine commodities, the reason crypto exist just skyrockets... crazy!

[@bpd9660]

Buy Gold... lots of it.

[@G_Ellis606]

Is this guest from 1935?

[@JasonDeville-fi4dh]

Wow man he's old you got him... you'll be old soon, and how does being old discredit what he says? He's seen almost all possible worldly situations happen multiple times over again so you should prob pay attention to him.

[@FeelingPeculiar]

When dis filmed

[@Diogenes515]

17 December. This is shown as a subtitle in the interview.

[@tedkrygoske535]

Someone explain to me why this isn’t just an infomercial for gold? The host’s channel is being sponsored by a company that sells precious medals. Hire alasdair to promote why u should own gold and silver .

[@MSC-o6q]

I bet it was Elon that purchased 69 tons of gold. He uses numbers 420 or 69 when possible.

[@JasonDeville-fi4dh]

He can't afford it man

[@bruceposch1449]

Elon should/could be investing in silver mine infrastructure because Tesla and SpaceX needs silver.

[@MSC-o6q]

@@bruceposch1449 He probably is iinvesting in silver mining but needs the gold to hold $ value when $ crashes. He probably used the 420 for tons of silver. 🤔

[@JasonDeville-fi4dh]

@bruceposch1449 it said gold not silver. 69 tones of gold Elon can't buy it. He can't afford that.

[@DetroitLove4U]

The endless promise of allure

[@rossnagornyi7827]

Many great points, “Russian economy is in fantastic shape” - way off mark. Basic facts: Russian labour market was balanced in 2022. They didn’t have 20% unemployment and millions of hungry people ready to work for Pennies. Since 2022: 1. 100s of thousands to low millions of smartest, most mobile people left Russia for good. 2. Same number of men got killed or incapacitated in the war. 3. Same number of (mostly) men went to work for the war economy instead of working in all other sectors of economy. They are now paid 5x-10x for making munitions and tanks that get sold to rus. Govt and disappear in the war while not satisfying any non-war consumer demand. Might as well make whatever products, sell them to the army (govt pays for them with rus. Citizens money) and then dump them all into the Arctic ocean. Same economic outcome. 4. Huge numbers of migrants (both legal and illegal) left Russia fearing forced recruitment into rus. Army. They used to do jobs that Russians didn’t want to do, for lowest wages. Nobody filled those positions. Now, how great Russian economy could be with drastic labour shortages (truck drivers, road workers, warehousing, non-war manufacturing, infrastructure maintenance, skilled workers etc etc), Russian govt pumping 100s of billions of USD into their war machine (basically acquiring Easter Ukrainian wasteland for $1mil/sq .ft), one of the highest inflations in the world (23% CB rate), rapid displacement of advanced western technologies and products with inferior and expensive Asian ones(example: ALL western car factories in Russia got closed, 100k workers lost jobs; now Russians buy Chinese-made cars for 3x their invoice price) etc etc etc…?

[@wirtschaftswissenschaften]

your channel is a commodity channel. Means you have an interest to promote gold and scare people

[@markward9830]

When peeling back all the layers of froth we find the Fiat has lost all value. Before you relax, realize that Bitcoin has become fiat by the hands of the Bankster derivatives. Physical gold and silver are money and non else. You have not seen anything yet.

[@davevasuta]

Another expert predicting single digit silver.

[@krcalder]

The economics of globalisation has always had an Achilles’ heel. The 1920s roared with debt based consumption and speculation until it all tipped over into the debt deflation of the Great Depression. No one realised the problems that were building up in the economy as they used an economics that doesn’t look at debt, neoclassical economics. Not considering private debt is the Achilles' heel of neoclassical economics. Black swans take the private debt flight path to come in undetected. kzbin.info/www/bejne/rHK2pY2AeLCgmLc At 18 mins. 1929 and 2008 stick out like sore thumbs. In 2008, the Queen visited the revered economists of the LSE and said "If these things were so large, how come everyone missed it?" It’s that neoclassical economics they use Ma’am, it doesn’t consider private debt. Not considering private debt is the Achilles' heel of neoclassical economics. 1) We didn’t see the problems developing in private debt 2) We didn’t know the problem was caused by private debt 3) We used monetary policy to cure a private debt problem with more private debt There is no way out this way. We didn’t fix anything after 2008, and dropped interest rates to the floor so we could carry on as before. We carried on making the same mistakes, borrowing money from banks and using it to purchase assets and push up asset prices. The markets are going up everything must be fine. Wait a minute ...... We’ve blown up an everything bubble. “We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein. Solving a private debt problem with an economics that doesn’t consider private debt was never going to be easy.

[@Chuck68ify]

Oh but they will inflate, they always do, throughout history!

[@СлаваБубенщиков-д3ц]

Братишка Если бы никто не кипиши всё бы давно уже выросло как начали кипиши всех перепуга создали панику Вот и началось это движение падать а так было бы намного лучше

[@AnthonyChase-h5b]

This is one the experts that are running the world.. does it look like he knows what he’s doing?

[@pauld2913]

Work on your sentence structure and try again.

[@AnthonyChase-h5b]

@ the whole world is in the shit.. and experts run the whole thing.. but grammar is your priority..I’m might be dyslexic .. but at least I’m not a over educated moron.

[@crustyzimmerman3324]

5th comment…

[@wapphigh5250]

Sure ok it all collapses - we get it -- but what then? Everyone is in the same boat... then sun comes up the next morning, oxygen is still in the air, take a breath, walk outside and the world continues....

[@Michealvt-o5o]

doomsayers $

[@shafiqrashid2010]

Yes just maybe you will experience them later on with your members.. which is a bit of a moment.

[@JasonDeville-fi4dh]

Troops on ur street bro that's what happens. If not then you'll be forced to be a troop on someone else's.

[@justanopinion-ub9pp]

Everyone is not in the same boat...

[@JohnBurman-l2l]

Yes I lived in Africa it is still there....but nobody except criminals and politicians gets enough food.

[@nealkelly9757]

Lol he thinks crypto will crash

[@Greenfist007]

I bet the opening comments don't make this a popular video among progressives

[@Smy65]

Trump says bitcoin is scam.🤣🤣🤣

[@pauld2913]

It's actually a ponzi scheme.

[@LeRoy313]

Grifting

[@davevasuta]

Bitcoin 250,000 in 2025. Grab your shorts.

[@pauld2913]

Maybe 250,000 dinar

[@lavantacton]

🥰

[@witHonor1]

One day the gold bro's will understand that gold is only gold. It's not money, it just happened to be what kings, queens and pirates printed money on for awhile. Gold now has industrial uses and it's value should only be based on that, not like it is with it's own crypto bump built in, the imaginary value because it is written that gold is safe. Gold is less useful than oil and eggs, and it's value will adjust accordingly in the bust when people are worried about food and shelter. If you own gold, you better have it in your possession because the coupons won't be worth the paper they're printed on.

[@richard2btrue]

Oil is very difficult to store and refine, eggs go off! Wake up to what money is, a reliable store of value.

[@foolsleadtheworld578]

Gold is the only true form of money, you are misinformed bro 😉 One day you will realise that.

[@romansasik9087]

It is legally money right now.

[@witHonor1]

@@foolsleadtheworld578 Like an ostrich, your head is stuck in the sand. This isn't the 1400s anymore. Gold is just a material mined from the Earth. It's not money except to those that own it and would profit from the return to an archaic system of trade. It won't matter soon. The fiction in unsustainable. How much will gold be worth when there's no government currency to measure it? Gold is a real thing, the value is imaginary. Crypto.

[@witHonor1]

@richard2btrue Money is just lubrication in a system of trade so we don't have to exchange our furs directly to someone with potatoes so we can eat tonight. It then becomes the method of extraction of wealth from the people who actually produce to the owners of land. You live in a fiefdom and think you are free. Sad.

[@peterkurth933]

again, completely ridiculous title

[@BlueWaterSTAX]

Absolutely true though

[@desmondmagrath8262]

Agreed.​@@BlueWaterSTAX

[@aeginianstater2019]

Click bait?

[@BlergleslinkVettermoo]

I would call Macleod's views moronic -- but that would be an insult to morons.

[@beachsnowbumsocal3146]

He says nothing we don’t already know and provides no solutions.

[@christopherknight-k3b]

thinking a non performing useless asset is going to save you ? gold is shiny and durable but ....

[@rossnagornyi7827]

Well… TLDR: do I want a falling, defaulting asset or steady asset? when talking about debt crisis and markets folding like never before (debt, ETFs, leverage etc), on one hand we will have VERY poorly performing market assets, needing more debt just to stay afloat when there are none, many going belly up… On the other hand we have a “non performing useless” asset, the main use of which is the PRESERVATION of wealth and purchasing power, proven by millennia of using it for that exact purpose, and by many govts and wealthy people that keep buying it; for some strange reason, price(in paper money; in case of US, based on the promise of profitable and ever expanding economy) of unit of this “useless” asset keep going up… I wonder if that ever happened before…? Oh, it actually did. Look into Ray Dalio work

[@christopherknight-k3b]

when the economy collapses yes gold is the go to historically , but it then rapidly collapses as investment flows to performance and credit expands , same result every time

[@themainsourceofpain2189]

It has many uses. It has performed very well, even in just the last 2 years. A lot of “gold bugs” bought gold back in the early 2000’s when it was less than $300/oz. They crushed it. And they didn’t have to solve any complicated algebra problems or waste a lot of electricity in the process. They were simple geniuses who just used their understanding of basic arithmetic and history. They outperformed the Dow, the NASDAQ, and the Russell. Bitcoin isn’t the future. It has a future…I see lots of false hope, empty promises, and before it’s all said and done….law suits. How did you think it was going to end? It’s a scam.😅

[@richard2btrue]

The point is that gold and silver never collapse, fiat does because its a confidence game.

[@rossnagornyi7827]

@@christopherknight-k3bthe issue is, we may all deal with USD loosing its world’s reserve currency status. That’s a totally different ballgame, not a standard dump and pump recession cycle. Again, relying on Ray Dalio’s “Principles of changing world“, we’re in market euphoria stage, wealth inequality and civil unrest in US is growing, population and gvmts are awash in debt and world war X has already started.

[@jonathonhancock575]

Alastaire the clown😂😂😂😂😂😂

[@pauld2913]

You have a seriously low IQ to not be able to spell his name correctly even though it's in the title. You're the clown bro

[@Richard-y5u]

You moronic twat.

[@RichardRichiuso]

The cookie will crumble as soon as Trump leaves office as usual.

[@mikemiller659]

hoping someone Other than a democrat is elected

[@trepanologist2296]

Stand and Deliver! kzbin.info/www/bejne/anOVkmmia9yAaM0 :)