Alasdair Macleod: China Is Sucking Gold Out of the World — Silver Could “Explode”

Wealth Building Blueprint, Released on 6/22/26

In this exclusive interview, I sit down with Alasdair Macleod to discuss gold, silver, oil, inflation, bond yields, the stock market, China, Western capital markets, and why the Iran–U.S. war may not be settled by any means. Alasdair explains why the geopolitical situation remains highly unstable, why Trump may want out as Israel becomes increasingly isolated, and what the oil price outlook could look like as strategic reserves run down. We also discuss the 1973–1975 comparison for gold and silver, why the public may become increasingly worried about their gold holdings, and why China may be buying as much gold as it can get while clearing liquidity in Western capital markets. In addition, Alasdair breaks down the possibility of a great gold squeeze, Chinese savings rates, gold accumulation accounts, the relationship between interest rates, gold prices and inflation, and why ETF gold exposure in North America may be “as close to zero as you can get.” We also cover silver deficits, mining stocks, China restricting silver and rare earth exports, why Alasdair is very bullish on silver, why the silver price could “explode,” the stock market outlook, and why inflation and bond yields could move much higher.

00:00 – Introduction
01:05 – Why the Iran–U.S. War Is NOT Settled by Any Means
02:49 – Trump “Wants Out” as Isolated Israel Fights for Its Survival
04:26 – Oil Price Outlook as Strategic Reserves Are Running Out
06:50 – Gold & Silver: 1973–1975 Comparison as the Public Gets Increasingly Worried About Their Gold Holdings
10:51 – China Buying as Much Gold as It Can Get Its Hands On and Clearing Liquidity in Western Capital Markets
11:56 – (Must Watch) Great Gold Squeeze Coming? / Chinese Savings Rate and Gold Accumulation Accounts
14:59 – Correlation Between Interest Rates, Gold Price and Inflation
16:56 – ETF Gold Exposure in North America: “As Close to Zero as You Can Get”
17:29 – Silver Deficits and Mining Stocks
20:05 – China Restricting Silver and Rare Earths Exports
22:43 – Why Alasdair Is Very Bullish on Silver and Why the Silver Price Could “Explode”
23:34 – Silver Price Outlook: Higher Prices Soon?
25:13 – Stock Market Outlook and How It Could Affect Gold & Silver
29:09 – Inflation Is Going Much Higher, Followed by Bond Yields?

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.

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