Volatility isn’t in Gold or Oil, it’s in the Dollar [Video]
|In this week’s episode of Live from the Vault, Andrew Maguire is joined by Alasdair Macleod, stockbroker and Head of Research for Goldmoney, to exchange views on the US dollar hegemony and its impact on the price of gold.
Giving an update on the de-dollarisation process and the geopolitical impact of tensions in the Middle East affecting the global economy, the precious metals experts take us through the debt trap the US has fallen into.
Quote:
“It’s not gold going up, it’s these currencies tanking!”
Timestamps
00:00 Start.
03:45 Is gold money and everything else credit?
07:30 Is the US government in a debt trap?
17:00 Why the US has to pivot on interest rates.
28:30 Updates on the de-dollarisation process.
42:20 Credit is losing its purchasing power, and everything is credit.
47:40 Alasdair’s Substack has free and paid versions.
50:00 Alasdair’s thoughts on Silver.
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