Kinesis Money, Released on 2/20/26

In this week’s Live from the Vault, Andrew Maguire is joined by Alasdair Macleod to examine the silver squeeze and the shift of price control to the east, showing how heavy short positions in China and strong physical demand are stressing paper markets. The two precious metals experts discuss the wider effects of currency debasement, highlighting why gold and silver are increasingly serving as reliable, strategic monetary assets rather than speculative investments in a changing financial landscape.

00:00 Start
00:58 Silver squeeze and Shanghai short activity
06:31 Physical demand overwhelms paper positions
12:46 China shifts gold and silver market power east
20:16 Gold is money, fiat is failing
28:06 Western paper markets show structural fragility
36:11 Divergent gold and silver positioning by institutions
47:54 Gold and silver as currency protection, not speculative assets
52:41 How gold’s price movement tracks fiat currency decline

Alasdair Macleod is head of research for GoldMoney and Strategic Advisor at VON GREYERZ. 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.

Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.

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  andrew maguire, china, gold, silver, silver squeeze