Reinvent Money, Released on 2/11/25

Paul Buitink talks again to Alasdair Macleod, former stockbroker, banker and gold veteran. He also has his own substack. Alasdair explains why the gold and silver prices have been going up so hard lately and what are the drivers behind the rally. It has not so much to do with Trump’s tariffs but more with the paper bullion market collapsing, which has been years in the making. He also talks about gold repatriation, auditing the Fed and how to best protect yourself.

0:00 Intro
1:04 Physical delivery of precious metals going up
10:39 Do tariffs play a role?
14:27 Who is taking delivery?
22:05 Gold repatriation
27:21 Central bank coordination?
34:59 Does the Fed have the US gold?
37:41 GLD
40:37 Why you should own bullion outright

Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. Read Macleod’s writing: https://www.goldmoney.com/research and MacleodFinance Substack.

  gold, gold shortages