Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold
Alasdair Macleod: We are Starting to See Advanced Institutional Demand for Gold
Palisades Gold Radio: 1-22-2025
Tom welcomes back Alasdair Macleod, Head of Research at GoldMoney to discuss his insights into the silver market and its relationship with gold prices.
He suggests that despite a seemingly undersupplied market, the price disparity between gold and silver does not reflect this reality. Macleod anticipates a significant shift in investor behavior once patience runs thin among those who have already bought into gold but yet to enter the silver market.
The role of foreign investors, particularly central banks, in driving gold prices is highlighted. Macleod also emphasizes the importance of understanding the impact of the ongoing credit bubble on financial markets and encourages listeners to consider reducing their exposure to credit.
Alasdair expresses his views on Donald Trump's impact on gold prices, citing increased foreign demand due to Trump's status as an inflationist and his executive orders. However, concerns over tariffs and potential economic repercussions remain.
Macleod also touches upon historical examples of tariffs and interest rates and their relationship with an economy's purchasing power.
He emphasizes the importance of understanding this connection for investors during the upcoming credit bubble.
Throughout the conversation, Alasdair highlights the importance of considering global economic trends and various factors influencing gold and silver prices. He also discusses the role of speculators versus central banks in driving these markets and the potential for a significant shift once investor sentiment changes.
Time Stamp References:
0:00 – Introduction
0:39 - Trump & Macro Picture
10:30 - Trump Inflationist
15:26 - Strong Dollar Impact
19:24 - Debt, Yields, & Economy
26:18 - Global Bubbles & Dollar
33:04 - Gold Industry & ETFs
36:47 - Speculators & Price
39:52 - Tariffs & C.B. Buying?
41:49 - Silvers Underperformance
49:05 - Tariffs & Consequences
50:16 - Silver Supply Outcomes?
56:06 - Biggest Bubble & Wrap Up