Dominic says:
“In this latest Money Markets and More, I sit down with monetary analyst Alasdair Macleod to discuss gold, fiat currency and why he believes we are rapidly approaching a point at which the monetary system as we know it can no longer survive without a return to gold.
”Alasdair has spent decades studying financial markets, monetary history and the role of gold, and his argument is uncompromising: gold is money; pounds, dollars and euros are credit. He believes confidence in fiat currencies is approaching breaking point and goes as far as to predict that the present system could be dead within the next 18 months. In his view, any currency that hopes to survive what comes next will ultimately have to become a credible substitute for gold through a proper gold standard.
”From there, our conversation ranges from sterling, government debt and the fragility of bond markets to Japan, China and what a 21st-century gold standard might actually look like. We discuss why Alasdair believes gold should be treated as the unit of account rather than something whose value is measured in depreciating currencies, why government debt eventually threatens the currencies supporting it, and why, if I gave him £100,000 today, his answer would simply be: gold.”
Money Markets & More is the interview series from Dominic Frisby, exploring money, markets, gold, economics and the ideas shaping the world.
Watched this last night ( very good ) - only thing is that I hope is that you rendered an invoice in respect of ' Services Provided ' - as Dominic surely owes you a fee and his eternal gratitude for having educated him on various factors as relate to the Metals and Financial markets which up until your conversation he clearly hadn't grasped before , or was ignorant of up until that point .
I like Dominic, a decent sort of chap and can be very funny.