“Silver Is About To Hit $1200 When This Happens”: Alasdair Macloed | Gold Silver Price 2024

June 12, 2024

“Silver Is About To Hit $1200 When This Happens”: Alasdair Macloed | Gold Silver Price 2024

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China has also by my um estimations as a as as as a government The People’s Bank has not the People’s Bank sorry the people’s government the Communist party has accumulated over 30,000 tons which are not on the central bank’s balance sheet um and uh I’m informed by sources who I have found to be generally reliable uh that um the Russians have probably got a further 10,000 tons of gold which um doesn’t show on the central bank’s balance sheets because they’ve got two wealth funds which um hold this gold and they could well be tucked away elsewhere drummed into Americans heads that gold is no longer part of the monetary system the dollar has replaced it um and it’s also been driven into the heads of um Everybody uh who would call themselves allies of America um you know we now accept the dollar is is money um and gold is a pet rock or whatever you know the gold standard was a barbaric Relic as as kades put it um it does actually leave um American citizens very very exposed I’m afraid um because it is propaganda no more than that the legal position is quite simple it has always been that gold is money and the rest is credit um and it doesn’t matter what propaganda you’ve been had drummed into your head over the last 50 years the law is the law it’s as simple as that and the reason it works as a law um is twofold firstly it’s behind everybody else’s legal position uh so it is truly International it takes the nationality out of credit um and uh you know this the second reason behind this is is that um it is always credit which circulates not money itself money is there to secure the value of credit and if you detach credit from money then it starts losing value and you can see this reflected if you like in in uh the move of um the dollar where from $35 an ounce in 1970 71 to um currently 2, nearly 2,400 put it the other way around um and what you’re looking at is um uh the dollar has lost over 98 a half% of its purchasing power in 50 years measured in Gold you know and gold is the standard this is not Bitcoin you know which is going up and up and up and up because it’s being driven by speculative demand this is real money its purchasing power is relatively constant it’s relatively constant in the sense that it can um uh maybe double or half um in against certain Commodities over a period of time but that’s very different from losing 98 a half% of its of its of its value very very different have the gold and fly off with it so you know what’s going on I mean it seems to me that there is an deficiency of gold um in US government’s hands continuing from the Strategic positioning of China and Russia their approach to Gold accumulation reveals a significant Divergence from Western practices China’s government according to Alistair mccloud’s estimations has amassed over 30,000 tons of gold which is not reflected on the central bank’s balance sheet similarly reliable sources indicate that Russia has accumulated around 10,000 tons of gold through wealth funds that also do not appear on their official central bank balance sheets the debasement of the US dollar is evident When comparing its purchasing power against gold from 1971 when the gold standard was effectively abandoned to the present day the dollar has lost over 98.5% of its value measured in Gold this Stark decline line illustrates the hidden inflation and loss of purchasing power that fiat currency holders experience a reality masked by the relative stability of dollar denominated assets and the everyday consumer prices as the price of gold Rises this just brings greater and greater pressure on the US government I mean you like huge pressure it’s going to be I think you know we’re looking at um potentially some sort of Crisis as this becomes uh um uh known if you like and of course China and Russia have been doing exactly the opposite thing they are now the two largest uh Nations by mining output um uh Russia just recently but China for a considerable time um China has also by my um estimations as a as as as a government The People’s Bank has not the People’s Bank sorry the people’s government the Communist party has accumulated over 30,000 tons which are not on the Central bank’s balance sheet um and uh I’m informed by sources who I have found to be generally reliable uh that um the Russians have probably got a further 10,000 tons of gold which um doesn’t show on their Central bank’s balance sheets because they’ve got two wealth funds which um hold this gold and they could well be tucked away elsewhere this geopolitical chess game extends Beyond mere gold accumulation it reflects broader economic and strategic policies that have long-term implications for Global Financial stability China and Russia’s focus on gold also signifies their Readiness for a shift in the Global Financial order by hoarding substantial gold reserves they signal their intent to reduce Reliance on the US dollar and establish a more stable monetary Foundation that could attract other nations seeking to diversify away from the dollar the recent Trends in bond yields and interest rates f further complicate the financial landscape in Japan for example the yield on 10-year government bonds has been steadily Rising putting pressure on the bank of Japan’s balance sheet and the broader economy with interest rates rising from historically low levels many businesses that took advantage of cheap Credit Now face refinancing challenges that threaten their viability this scenario is not unique to Japan but is indicative of broader Global Trends as central banks world worldwide grapple with Rising interest rates and the resulting economic pressures the US Treasury Market also faces significant challenges Rising bond yields and increasing debt levels underscore the vulnerability of the financial system the shift from low to higher interest rates reveals the fragility of economies heavily reliant on cheap credit as these pressures Mount the attractiveness of gold as a safe haven increases investors both individual and institutional are likely to turn to Gold to preserve wealth amid Rising inflation and economic instability Japan’s financial troubles including the depreciation of the Yen and Rising bond yields serve as a canary in the coal mine for other economies the weakening Yen indicates declining purchasing power and Rising inflationary pressures which could destabilize bond yields further Japanese investors recognizing these risks May increasingly turn turn to gold as a hedge against economic turmoil this trend if mirrored globally could drive gold prices even higher exacerbating the pressures on Western Financial systems as central banks in the west particularly in the US continue to print money to address economic challenges the resulting inflation further erodes the value of Fiat currencies this continuous devaluation highlights the need for a stable store of value a role that gold gold historically fulfills the Strategic positioning by China and Russia to accumulate gold while the West prints more money underscores the shifting Dynamics in global Finance so um you know the the Asian hegemons Are Holy prepared for a collapse of um dollar based credit you know they have insulated themselves against this this um possibility stroke likelihood stroke certainty and um uh yet America I think and Britain and I look at Canada has got none at all now sold all those all their gold um you know we’re sitting here without the cover necessary how are we going to respond to this and I think the first um sign of of trouble could well be not too far away if um gold and silver prices continue to rise and it starts to destabilize the bullan banking system I think the first thing I would say is that you banks have sort of rather or Bank risk has disappeared from the headlines a bit and uh that I think can probably be attributed to uh the decline in uh bond yields um the expectation that interest rates will uh start falling later on this year all that sort of stuff takes pressure off the banks is coming back um we see that bond yields are generally Rising again um they have yet to get to the levels which we saw last October I mean the US Treasury 10-year treasury for example I think just touch 5% last October we fell to around about 3 and 3/4% and currently we’re looking at what 4.5 8% something like that so you can see that they’re on the way back up but perhaps not in crisis territory yet the interesting one is uh the Japanese government Bond the 10year um uh the bank Japan has tried to sit on um yields there and to stop them Rising um their target believe it or not was 0% so it’s now 1.08% um as as as we do this interview um this is the highest it’s been since 2011 so you can see that this is putting a lot of pressure on um a system where um there is an awful lot of debt whose value is falling perhaps not quite at the pace we’ve seen in other jurisdictions yet but it is definitely falling it’s undermined completely the um Bank of Japan’s balance sheet uh I think also um is creating problems for zombie businesses because when you have ultra low interest rates and businesses take advantage of it um they don’t actually think that at some stage these rates are going to rise and they’re going to have to refinance um that is now happening in Japan it doesn’t sound dramatic to us the idea that um uh sorry a major corporation uh you know has found that uh the rate has of of borrowing has risen by 1% but bearing in mind that’s probably risen from a quarter of 1% when interest rates were negative to currently 1 and a half% this is beginning to have a pretty big impact on the viability of these businesses so the bank of Japan I think is um on the verge of having a developing crisis um I don’t think 1.08% is quite enough to tip the whole system under but um there is no doubt that the um uh the yield is rising and will continue to rise if you look at the Yen dollar rate as well um that is rising again I mean the number is rising which basically means that the purchasing power of the Yen measured in dollars is falling we’re currently about 157 I think having hit a high recently of 160 um before backing off uh so that I think is um is continuing to be a real problem for for the Japanese and uh at some stage if things continue in this direction I think they probably will uh then um they’re going to have to um take some pretty um you know strong action to try and stabilize the currency because the um price inflation effect of a falling currency um is going to start destabilizing bond yields even further and I think that um if you like it’s the first Canary in the in the um Bond gold mine or the you know the bond mine that we’re we’re seeing talking about gold I think I I haven’t monitored it but I wouldn’t be surprised if the Japanese are buying gold as well because um they must be looking at this Japanese investors who again are big Sabers not as much as the Chinese but they’re big Sabers they must be looking at this and thinking you know we better have some gold better have some silver probably gold more than silver in conclusion the Strategic accumulation of gold by China and Russia reflects a broader move to insulate their economies from the vulnerabilities of Fiat currencies particularly the US dollar as these nations prepare for a potential collapse of dollar-based credit they position themselves as leaders in a new Financial order that values stability and tangible assets over speculative financial instruments this shift has significant implications for Global Finance as the demand for gold increases and Western Nations grapple with the economic Fallout of rising debt and devalued currencies Western Nations particularly the United States find themselves at a Crossroads the long-held belief in the supremacy of the dollar and the dismissal of gold as a monetary asset have left them exposed to the risks of inflation and economic instability the need to re-evaluate these positions is urgent as continued Reliance on Fiat currencies without substantial gold reserves may lead to financial crisis the example set by China and Russia in accumulating gold highlights the importance of tangible Assets in maintaining economic stability investors and policy makers must recognize the value of gold as a hedge against economic uncertainty as inflation Rises and bond yields increase the stability offered by gold becomes increasingly attractive this trend is likely to continue driven by both geopolitical strategies and individual investment decisions the shift in Global Financial Dynamics ICS necessitates a re-evaluation of traditional views on money and value with gold playing a central role in this new paradigm ultimately the path forward involves a balanced approach that acknowledges the limitations of Fiat currencies and the enduring value of gold by learning from the Strategic moves of China and Russia Western Nations can better prepare for economic challenges and ensure long-term Financial stability the ongoing global shift towards tangible assets underscores the need for a comprehensive strategy that integrates gold into the financial system providing a robust foundation for future economic growth and stability

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