GOLD: Explosive Growth Amid Dollar Implosion | Alasdair Macleod

Alasdair Macleod discusses the potential collapse of the U.S. dollar and the critical role of gold in protecting wealth. Macleod explains how budget deficits and stagnant economies drive the need for tangible assets like gold. He highlights the risks associated with a bullish view on the economy, stocks, and bonds, and emphasizes the importance of gold as a hedge against credit risk.
#goldprice #gold #stocks
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Guest: Alasdair Macleod, Head of Research
Company: Goldmoney
Recording date: June 25th, 2024
Substack: alasdairmacleod.substack.com/
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CHAPTERS & TIMESTAMPS (AI generated)
00:00 Intro
00:34 Welcome and Guest Introduction
01:26 Episode Overview
02:00 Economic Overview with Alistair MacLeod
04:05 Personal Anecdote: Myrtle Beach Experience
05:17 Discussion on Economic Disparities
07:15 Macroeconomic Risks and Geopolitics
11:37 Discussion on U.S. Federal Reserve and Interest Rates
14:14 U.S. Government Debt and Budget Deficit
18:18 Japanese Monetary Policy and U.S. Relations
22:00 UK Economic Situation and Currency Risks
25:58 Gold Price Dynamics and Economic Implications
29:37 Chinese Gold Accumulation and Economic Policies
32:20 Central Banks' Role in Gold Accumulation
34:19 Chinese Savings and Gold Investments
40:00 Alternative Currencies and De-dollarization
41:13 Role of BIS and Enbridge System
46:12 Conclusion and Call to Action
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[@cordellscott]

Love to hear what Alasdair has to say.

[@julians472]

So lucky to listen to Allister McLeod! A brilliant mind and incredible knowledge

[@kansascrude5611]

Damn straight Mcleod is a blessing to us all, Thank you dear sir.

[@robwindridge7804]

Love to listen the wise man . Thank you both

[@Billfish57]

Alasdair is such a great guest for these types of shows. He has some long answers to some simple questions and only then can people realize they may know a lot but understand so little. Always been a fan of this man, class act for sure.

[@GingerPeacenik]

Metals prices are RIGGED. Unless that stops, nothing will change.

[@calvinwinn7643]

If you had a hundred bars of gold, how would you buy a hamburger at McDonald’s without dollar bills?

[@-j-l]

Thank you for sharing. You can never convince some people about the value of gold and silver. We appreciate your efforts and patience in sharing your worthy knowledge!!

[@SoarFinancially]

Well said! Thanks for tuning in. Don't forget to subscribe! 🙏

[@MegaPaulSullivan]

These guys are the holy grail. In awe at getting this information free and such an audience with these guys gratis. The road map is all here 🙏 blessings upon all 3 gentlemen 🙏

[@stephenpaul4258]

be careful if you are new to the PM space. Dont hold these guys words as gospel.

[@MegaPaulSullivan]

Long time investor.

[@ronaldmiller3619]

Only Jesus is Holy not man. Watch your words carefully.

[@glenn9576]

China stopped and India is taking its turn They bought a years worth in a month, then in the second month so far have bought 3/4 of a years worth. The BRICS nations are taking turns buying it all…

[@holaclive]

Chinese mine about 500 tonnes a year, all retained. Last 20 years gives you 10,000 tonnes. Add this to the gold China has bought

[@stephenyoung8429]

@@holaclive 👍

[@pablocruise9514]

Dominic Frisby has a video where he estimates China has anywhere from 30 to 50K tonnes, maybe even more.

[@holaclive]

@@pablocruise9514 One thing for sure, when China reveals it's true holdings it will shock the world. They've been accumulating for years.

[@JimCOsd55]

@@pablocruise9514Look, even if China held all 200,000 tons of gold, it would be worth $14 trillion at today’s prices. But would it really be worth that sitting locked up in a vault? When Alexander the Great defeated Darius lll and took Persia, he opened his gold vaults and spurred a stagnant Persian and world economy by putting the gold back into circulation!

[@rogerburn5132]

China. 30. 000 tonnes of Gold

[@christopherbailey1221]

Great discussion with the genius, Alasdair Macleod!

[@SoarFinancially]

Hey, thanks for watching and liking the chat with Alasdair Macleod! It means a lot!

[@dillonsawyer9377]

Alistair always ♥️ hearing from.

[@ddprepper5227]

Excellent report 👍👍👍👍👍

[@SoarFinancially]

Thank you 🙏

[@zsoltszopko9817]

Victoria Gold!!!!!

[@hansgerber4278]

Awesome as always with Alasdair !!!!! Many Thanks Kai to keep bringing him on !!!!!

[@jodyjohnson5289]

Because gold is a Class 1 Asset.

[@bcarras]

Oh Alasdair, beacon of wisdom’s radiant light, Thy golden lore illuminates the night. In realms where knowledge flows like gilded streams, You, the seer, weave the fabric of our dreams. Through time's vast expanse, your vision soars, Unveiling truths from ancient, hidden shores. With words like gold, you chart the cosmic sea, A guide for souls who yearn to be set free. Your insights, a beacon, steadfast and bright, Guide us through the shadows, into the light. O great McLeod, your legacy endures, A testament to wisdom, pure and sure. In reverence, we lift our hearts to thee, The seer who sees what others cannot see. Long may your golden lore inspire and teach, A timeless gift forever within reach.

[@glenn9576]

Wow what a verse!

[@robertl5298]

Alasdair not alistair 😀

[@bcarras]

@@robertl5298 Yes Alasdair!

[@Paul-dorsetuk]

Top man!

[@joeking1019]

Great chat guys, Cheers. 👍

[@SoarFinancially]

Cheers 🍻

[@stephenyoung8429]

Come on, give us a month when finacial system comes down? Little me is saying July 2024, so what is your predictions?

[@ld9044]

Not until after the selection in November.

[@donnaschwing8956]

No one can say this day this time😊

[@Odi-qg8jo]

No one can predict..remember u,s.a. is still a big economy ...the biggest .😅

[@smiley8881239]

Well….. The CME is closed from Wednesday, July 3rd until Monday, July 8th ~ 5 days. There’s a great chance that something will happen this weekend…

[@oscarellis2563]

Well the SIMPSONS already predicted that it will happen in TRUMPS Presidential term, so I'd also guess he'll be realected

[@JL-OnwardandUpward]

Great guest!

[@SoarFinancially]

Thanks - we think so as well :)

[@james6401]

He's got pedigree 😊

[@futureoutfit]

amazing talk

[@SoarFinancially]

Thanks for watching and the kind feedback! 🙏

[@jongundrum1076]

The dollar will crash the dollar. Gold will measure its value.

[@oscarellis2563]

You know how long people have been saying that 😂 plus the banks still have a card up their sleeves.....CBDC

[@jongundrum1076]

@@oscarellis2563 bought a dozen eggs lately? Measured against any food type, I'd say that it is crashing. If you're measuring the $ against other currencies, then I'd say it's like bobbing for turds in a stained and stinky bowl. Measure the dollar against gold! It has 3¢ of its original purchasing power. All the best

[@TatSatYogi]

Atleast 20 years

[@etext593]

Except it may not be rolled out as term CBDC but the Patriot coin or independence digital coin. No matter the name, it will be tracked.

[@erikschall620]

Great Discussion and Alasdair answered all the relevant questions !!

[@SoarFinancially]

Hey - thanks for the kind feedback! 🙏

[@erikschall620]

@@SoarFinancially Excellent questions too , Kai !!!

[@quarter-py4nr]

Right…….. don’t hold your breath

[@johnbuck6685]

Why are we so concerned about how many dollars our gold and silver are worth if the dollar is imploding and why are silver and gold constantly going in the toilet if the dollar was worthless

[@Gazza123-hi1rr]

Good Show

[@SoarFinancially]

Glad you enjoyed it 🙏

[@MichelleBrienza]

I have been listening to you for quite some time but don’t comment very often, I always enjoy Alastair.

[@harpoen7358]

For more then 30 years I work in the IT and most of the time I am assigned working at banking sector. The coming years many IT staff is going to retire so for implementing CBDC’s lack of IT staff will become a blocking issues.

[@jerrycote1661]

Good. CBDC is trash. Why would we trust a new system run by the same criminals raping us all through the current one?

[@silver-en7kl]

Actually the dollar is keeping gold and silver down pretty effectively. Unless an outside power makes a move(BRICS) the dollar will keep bending gold and silver over for their weekly smash down essentially creating a sideways to negative movement discouraging any new stackers from wanting to buy them.

[@pasqualeperri5661]

West in a hot war with Russia if you don't hold gold you don't have a safety hedge

[@timiilott8883]

not really. The smash down is so the bullion banks can cover their short position. The fed can print endless dollars to buy futures contracts and short the market. Central bank buying is sitting just under 2300 dollars so if it gets to that price, the contract can be squared and taken to London for physical delivery T+1.

[@jameswynn4699]

I'd love to hear Alastair and Paul London talk

[@radicalrooster1]

Thanks!

[@stevenrowlandson9650]

The Dollar represents debt not gold or silver therefore the prices of gold and silver can soar to the debt to real ounce ratio..... Whether the debt backing the Dollar is any good is another matter.

[@MissLibertarian]

The market lowers valuation as fast as they lose faith.

[@esioanniannaho5939]

Brilliant thanks. Shame Alasdair didn't refer to the Japanese Bank who had to dump their underwater long bonds to meet liquidity requirements. When do Fund Managers rebalance their portfolios will it be pre or post summer and follow Sam Duncan Miller pivot from Tech into Newmont ?

[@esioanniannaho5939]

Another question is related to BRICS R5(Real Rouble Rupee Rimimbe and Rhand) basket of settlement Ccys. For big moves I am looking forward to August for a last dash by BRICS and associates pre September Shanghai meeting of finance ministers to agree the details of the BRIC Unit Trading token backed by PM. Russia has the starting pistol. Per Jim Rickards says that over $200bn of their frozen assets is held by Euroclear brussels which has many overseas legal entities including Hong Kong China. All Russia has to do is to start legal procedures and writ petition and put a spanner in the global financial system by putting a Lieu on assets held in each jurisdiction. ICE 9 thus financial institutions will not be able to use Euroclear. Most likely to happen after the BRICS+ summit in Kazan Russia in October 24.

[@kompascoaching]

A few months ago the big banks of USA went to China. Perhaps they asked China to sent the message that they paused the buying of gold. This could surpress the price of gold, at least temporary. This could help USA banks to close their short positions in stead of have te be hit by a big squeeze by high rising gold... A super deal for both...

[@MissLibertarian]

$2,000 gold is no big deal because $1 is nearly valueless. $2,000 iOS the old $1,000. I remember spending $1 for lunch and now I’m up to $15 or $20. An FRN is useless as a unit of measure.

[@oscarellis2563]

Exactly its not keeping up with loss of money value and inflation, I've been thinking the same gold ounce needs to be at least 30k people think that's crazy but I've seen much crazier things lately.

[@MissLibertarian]

@@oscarellis2563 Measured in fiat, gold has no ceiling because fiat has no floor. Value all comes down to how much does the market trust there’s a foundation holding up the floor.

[@user-ru9nl5wr7i]

❤ Alistair! 👍🏽

[@juandiegoramos4490]

Financial immorality has already broke the Fed's dollar

[@peterward6963]

Been watching Alisdair for years.....still waiting for him to be roght

[@TheChristonline]

Those $450. a night rooms are like $125. if you book them them 6 months out and if you join the frequent traveler plan , I forgot the name .

[@longgowhereto]

The most important question in discussions is about which region are we talking? The biggest depression will be where? In US only, in EU?, in the west?, everywhere? I do not see the SCO members go down the drains with EU and US. When Alasdair says the USD might go dodo any day and the BP could devalue to 1:1 to USD -- I wonder that a German does not ask where the Euro is seen in this mess.

[@randylplampin1326]

Some people are under the impression that the unlimited printing of dollar bills will have no consequences. We may yet live to see whether that statement is true or not.

[@HLC64]

Gold is only a nice thought as a reserve! Its too small over the money flowing around the world! Its a low significance for dedollarisation!

[@ipponbageta2009]

Not just in Mandarin! The word for money and for gold in Japanese is the same 金 kin.

[@SoarFinancially]

Thanks for sharing that! Wasnt aware of it.

[@hzj7920]

While Alasdair Macleod continues to hype $20,000 gold, his company is doing the exact opposite. Over the past year GoldMoney has liquidated 95% of its precious metals holdings to purchase three commercial real estate properties. Can someone ask Alasdair the question wtf is going on?!!?!?!?!?

[@rudeawakening3833]

REALLY ?????

[@AbdulEssa-kp4vf]

Alasdair has been preaching this since 2019, gold will not make you rich. You should view Gold as your savings account. Everyone is using the dollar as a yardstick to measure the value of everything. However, if the yardstick is losing value, the things it measures will increase in value. Everyone should produce their own energy and store their energy, ideally having excess so you can sell to the grid. Everyone should own a mixture of stocks, and property if they are lucky enough to own property outside your home base. Ideally, have a secondary passport, from countries like Malta, Estonia, and Slovenia. Also, have multiple bank accounts not part of the Swift system. Ideally, have some crypto wallets with Bitcoin and Ethereum. Basically, the key is to be nimble, and multi-invested, so you have multiple options regardless of what happens in the world.

[@realested]

Ao should I be buying more gold? Been bying since March2024

[@MyNameIsINTERSTITIAL]

People do no not comprehend difference between Common Law and Legal law. They not taught

[@bokkenrijder172]

Macleod has been singing the same song for decades, just like Schiff, Faber, Rogers, and many others.

[@bcarras]

In halls of shadowed, gleaming grace, Le Comte de Hoffman finds his place. With Tails that twist through night and day, He dances dreams where Court'sans play. His pen, a wand of magic's d'light, Conjures worlds from black-n-white. In whispered lore and haunted song, He leadeth where the strange belong. Mysteries in his gaze unfold, Stories spun with threads of Gold. A master of the eerie, grand, He guides us through the spectral land. Oh, Comte de Hoffman, Beard O' Night, Your legend lives in spectral slight. In every tail, ye spirit roams, In Offenbach's enduring score.

[@ElGreco365]

Platinum is lower priced than gold, it's even more seldom. So why gold?

[@gmb858]

Announcing gold purchases and holdings is a ongoing game of "Liar's Poker."

[@jivefive99]

dont mistake anecdotal for emperical

[@rockytop6077]

Gold doesn't have to do anything. Our politicians will handle that alone. Nuff said!

[@TonyL-gw4qx]

Alastair sold 95% of gold moneys gold ! Sold gold and bought commercial real estate!! On the board !

[@jethro_Jr]

crash the economy

[@ssruiimxwaeeayezbbttirvorg9372]

Germany wiped out, yet mean German adult got 5x wealth of Pole

[@Magamomma22245]

I have a fangirl crush on Alasdair 😉

[@jozette-pierce]

Dr Jekyll and Mr. Hyde, who is WHO???

[@padzika]

gold value does not rise, it is d USD that is falling. however, if d same amt of gold will purchase more unit of housing, then it is gold th is rising. 😅

[@JohnWilliams-wz9vk]

Dollar ..will crash metals .

[@jimscherer8072]

Why troll ?

[@vincentyeo88]

That will happen if interest rates rise.

[@maxplank4083]

The word for money, and the word for gold, or completely different in the Chinese language.

[@farmerjones5479]

No, dis Kai, but you don't spend enough time in America to fully understand.

[@ismailbuang1213]

The US trade deficit is worth $1 trillion per year. I think everyone will get what I'm saying. This is neocolonialism in the modern sense. Because of the dollar's monopoly status, the US spends $1 trillion more annually than it generates. It takes these resources away from other nations, the US Dollar a fiat money not backed by Gold; No Gold in Fort Knox

[@oscarellis2563]

Where's it? Clinton's, Bushes, Obama, Bidens

[@shawnkristoferu8303]

It takes $3.2 trillions per year not $1 trillion. That is what they are doing in the last 2 years. It will not go lower & according to David Stockman the deficit will be more than $50 trillions by 2030. We are kaput.

[@zazhalibahrom9682]

Gold and silver are god"s money. Fiat money are bogus money, value easily manipulated by interest rates, QE & QT

[@brucerobtoy2888]

Alastar is a one-trick pony. The dollar is the healthiest horse at the glue factory and will be for another couple decades.

[@mohdhatarobani8536]

Much talk about nothing guys

[@elizabethmurray5718]

Jekyll Island is an awesome place. It's too bad the bankers decided to create the Federal Reserve there. It's now a State Park. Go and visit the Jekyll Island Club and see the historic homes. All those homes belonged to Republicans. Only the Pulitzers were Democrats. See how things have changed... The historic district is an awesome journey through history. You can stay at the Hampton Inn, not that expensive.

[@jimscherer8072]

Why troll

[@Popnpoff]

✨️🇺🇸✌️

[@ronaldmiller3619]

N.Korea is now sending troops to Ukraine.

[@vincentyeo88]

They are not there to do the fighting at the frontlines. They are there to deliver the artillery shells, armed them with charges, and then let the Russians fire the shells.

[@richarddeconcilio9127]

Total garbage

[@jimscherer8072]

Why?

[@josephstupar3372]

Really sad, you didnt have any transgender economists on for pride month. Unlike, unsubscribe,

[@joylarson9040]

A bit snobbish, aren't you?

[@jimscherer8072]

I know you are but what am I ?

[@Markbazzle1]

That’s an out of date notion based on a person’s accent - it means nothing now, England has finally come into a meritocratic system of rewards in life - thank God!

[@patrickpryal9344]

Gold and silver are dead money for quite a while. If they break below $2200 and $28 they'll be going WWWWAAAAYYYYY lower !! Gold stocks will go nowhere for years !

[@markaustin5884]

Fiat cash is losing its value before our eyes. Naturally people will be looking for a store of value and holding. Gold provides that security out side of the system. When the public starts waking up to what's coming thee will be a mad panick for Gold and Silver. That's when metals will soar.

[@neddyboy4846]

Gold and silver are money. Everything else is credit.

[@eblues8367]

In terms of their value within the short-term, paper-suppressed Western fiat economic system, you could well be right. But look at what is happening to supply. "He who has the gold, makes the decisions." Control of precious metal prices is moving east and eastern nations are long on gold and silver. Western fiat currencies are dying & the rate at which this is happening, is increasing rapidly. In the West, the absence of alternative safe havens to government bonds and the stock market is deliberate. The fiat system must suppress precious metals or fail - they are kryptonite to the fiat currencies!

[@klinikat5313]

Did you really do your homework ? Don't think so. Sorry saying that. Little by little by little by little dedollarisation by BRICS. 35 trillion Dollar debts. Byebye US Dollar 😂

[@TimmithyZERO]

That's what they said at $400🤡🤣

[@danzwiren1492]

you guys are worse than a broken record. Silver is a joke. Better off holding fiat in a checking account.

[@TheKlaus3001]

Good idea. And lose every year at least 10% purchasing power.

[@howtonanaba]

Silver is being hated again. I’ve seen this behaviour again and again. This is fuel for the next rally while no one is paying attention 😊

[@donbrenton307]

Why? Are you mad it hasn’t gone up another 20% this month? Silver’s done great for me. I remember $15 dollar silver just 6 years ago.

[@james6401]

I'm hoping silver falls dramatically, I'll be buying some more

[@hueypilot5931]

😂🤣

[@wesleykawakami8563]

No one is buying gold. China is buying Bitcoin and is the largest Bitcoin mining country.

[@jameswynn4699]

Central banks are buying more gold than ever and not Bitcoin

[@jimscherer8072]

Troll

[@oscarellis2563]

That would continue to screw the precious metals markets as it could be true or just fake news however it wouldn't surprise me as you have to be diversely invested not to put all your eggs in 1 basket

[@marknordgard1916]

Dollar crash gold and silver