Alasdair Macleod and Lynette Zang Thursday 6-29-2023
Gold-backed BRICS currency to Dethrone Dollar | Alasdair Macleod
Liberty and Finance: 6-29-2023
U.S. dollar dominance is "toast," says Alasdair Macleod, head of research at GoldMoney.
If the BRICS nations announce a gold-backed currency, markets will soon realize how negative this is for the dollar, he says.
Also, a reigniting of the Ukraine conflict is likely, which could drive up oil and other commodity prices. Expect more inflation and higher interest rates which will put more pressure on the banking system.
INTERVIEW TIMELINE:
0:00 Intro
2:32 Ukraine
17:50 Banking system
30:30 Last thoughts
LIVE Q&A with Lynette Zang + Eric Griffin
6-28-2023
VIEWER QUESTIONS:
Question 1: As far as the gold price re-valuation, what does that mean for me? Is it better to buy NOW or after the re-valuation? Will the re-valuation bring the price up, or down?
Question 2: When the dollar goes to zero, how will the price of gold & silver be determined?
Question 3: I believe that we are heading into an extreme hyperinflationary event and banking crisis. I understand the need to protect myself and my family. If utter chaos happens, a "Mad Max" situation, what good would holding gold and silver be? How will it help when no one has anything to buy it when I want to use it?
Question 4: Here in Singapore, we could only get our hands on silver coins or bars and gold coins or bars. We can’t really get hold of the collectables precious metals, is it alright for me to just get some Canadian Mints in terms of gold and silver?
Question 5: Can CBDC be used by government to mandate anything they like?