Sunday, July 25, 2021

Tag: Thursday Conversation – Alasdair Macleod

Thursday Conversation – Alasdair Macleod

by Turd Ferguson, TF Metals Report:

With the Net Stable Funding Requirements of Basel3 due to start kicking in by late June, I thought is was time to check in with Alasdair again as knows the ins-and-outs of the London markets and LBMA better than just about anyone.

So this call deals entirely with this subject. On June 28, the NSFR rules kick in for the European Banks and then, as of January 1, 2022, the rules will apply to the UK and LBMA, too. Will the imposition of these rules force an epochal change to the London markets and, in turn, the entire unallocated digital derivative and fractional reserve pricing scheme? Alasdair seems to think so.

Click HERE to listen

Thursday Conversation – Alasdair Macleod

by Turd Ferguson, TF Metals Report:

As we begin to look ahead to 2021, today brings the first of three straight Thursday Conversation podcasts. For this first installment, we visit again with Alasdair Macleod of GoldMoney in order to get his thoughts on where we’ve been and where we’re going.

I’ve known Alasdair for nearly a decade now and, over that time, he has consistently provided us with thoughtful and wise commentary on macroeconomics and the precious metals. So as 2020 wanes and 2021 approaches, I thought it would be wise to pick his brain regrading what lies ahead.

Click HERE to listen

Thursday Conversation – Alasdair Macleod

by Turd Ferguson, TF Metals Report:

Our old friend, Alasdair Macleod of GoldMoney, stopped by today to discuss gold, inflation and central bank policy. On a day like today, where prices are being indiscriminately smashed, a podcast like this can be invaluable in helping you to maintain your focus upon The Big Picture.

And that’s what we discuss today…The Little Picture and The Big Picture. To that end, I asked Alasdair to address:

Click HERE to listen

Thursday Conversation – Alasdair Macleod

by Turd Ferguson, TF Metals Report:

Our pal, Alasdair Macleod of GoldMoney, stops by to discuss his forecast for 2020 and the factors that will drive prices through the year.

Over the course of this call, Alasdair and I address three, primary points:

  • Ongoing Fed “not-QE” and how it must continue in order to fund the US fiscal deficit.
  • Central Bank demand for physical gold vs Bullion Bank supply of synthetic gold.
  • Given what appear to be stresses at present, can/will the fractional reserve and digital derivative pricing scheme survive through 2020 and beyond?Click HERE to listen

Click HERE to listen

Thursday Conversation – Alasdair Macleod

by Turd Ferguson, TF Metals Report:

We kick off our new weekly series with an old friend, Alasdair Macleod of GoldMoney. Be sure to give this a listen.

Ove the course of this discussion, Alasdair and I discuss:

  • the deepening trade war between the US and China
  • the link of a rising dollar with higher US interest rates
  • the long-term impacts if a global bond market selloff
  • the gradual move away from a strictly dollar-reserve system

Click HERE to listen