Alasdair Macleod, head of research at Goldmoney returns with in-depth analysis. Goldmoney is a publicly traded company on the Canadian exchange.
- People who speculate in gold and silver have been disappointed. The BRICS summit occurred in August. Russia wanted a gold-backed trade settlement currency, but it was taken off the agenda by India and China.
- Deterioration of Western Currencies.
- Is the US facing a 1970's Stagflation?
- Has the rate hike cycle peaked or will yields soar?
- Supply chain challenges.
- National debt could capsize the economy.
- Gresham's Law - fiat money pushes real money, i.e. gold out of circulation.
- Macleod says you have to look at the fragility of credit in terms of its purchasing power. The only way to get out of credit is to own and hoard real money, which is gold. Acquire gold to hedge out of the problems that are likely to occur due to the valuation of unattached credit. The point isn't to sell gold at a profit, but to spend it if the worse thing happens and credit becomes completely valueless.
- There is value in investing in gold and silver miners and other extractors of raw materials, commodities, producers, and other miners. Macleod sees a future shift out of tech companies, reminiscent of the dotcom tech bubble of the early 2000s. Macleod says to research mining companies to make sure their fundamentals are solid and they are managed well.
- Reducing debt may be advisable.
- Impact of higher rates on the real estate market.
- A 2nd look at Michael Burry's equities Put bet.
- The headlines on Michael Burry's bet were wildly inflated, suggesting Scion Capital invested 90% in the risky put trade. In reality, approximately 10% of funds were directed to the bet against US markets, a much more manageable investment.
- Analysis on geopolitical hotspots.
Alasdair Macleod on X (formerly Twitter)