Looming credit collapse sparks rampant Eastern gold stockpiling — Andrew Maguire & Alasdair Macleod

Kinesis Money, Released on 9/29/23

In this week’s episode of Live from the Vault, Andrew Maguire is joined by Alasdair Macleod to examine the East’s blossoming relationship with gold as they’re beating the markets by securing local currencies and commodities against its value. The London whistleblower broaches gold’s vital role in a looming credit collapse, which the East seem to have foreseen with greater clarity than the West, before tackling the esoteric nuances behind CBDCs and decentralized currencies.

00:00 Start
03:03 A Ruble backed by gold
08:00 Is the Ruble going onto a gold standard?
13:37 Russia’s plan A was a BRICs gold-backed currency
19:10 China’s approach to gold ownership compared to the West
30:15 The East is stockpiling more gold than the west
36:21 When Western Fiat currencies collapse, who wins?
38:20 Is a credit crunch looming?
41:30 What happens when the air comes out of the fiat system
46:25 Pain ahead for central banks
48:28 How far away are central bank digital currencies?
55:30 Linking the price of gold to commodities

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.

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.

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