Alasdair Macleod – The Silver Fix, China, Gold and Global de-Dollarization

“The Shanghai Cooperation Organization Will Be the Most Powerful Economic Block We Have Ever Seen”

There are few analysts like Alasdair Macleod. Straight forward, keen sense of humor and spot on with his research, Mr. Macleod joins us today to discuss the silver fix transformation. The “fix” is not ending, but it should be a little more transparent beginning Friday August 15, 2014. We begin the conversation with the impact the new fix may have on the market and how it may play out over the coming few weeks. This 30 minute interview only begins with the end of the fix. We quickly dive into the gold market and how the physical markets are moving mountains of gold through the Shanghai Gold Exchange and Dubai Commodities Market. Dubai is scheduled to open the largest gold refinery and when it begins processing gold it will have a capacity of almost double the largest Swiss refiner. At 1,400 tons capacity, Dubai sees little to no change in the demand for physical gold.

This leads us to the dollar, Russia and the impact of de-dollarization. Is the dollar an island or will be it become an island? What will happen when the Shanghai Cooperation Organization unleashes it’s financial power incorporating over 50% of the global population? Alasdair give us the skinny on what he believes is coming down the pike.

If you are talking about gold, you must include China and India in the conversation. These are the two largest physical gold markets in the world and Alasdair addresses some breaking news regarding how the markets are gearing up for major changes in dollar exchanges, gold and how this will impact the markets.

On China Mr. Macleod states: “The more we sell our gold down, at a cheap price, and the more China buys it, the more that’s going to turn out to be the biggest wealth transfer we’ve ever seen in history, from West to East.” Where have we heard that before? Maybe from Mike Maloney for the past five years? The greatest transfer of wealth in history. Let that sink in for a moment. If that statement does not give a person pause, you should see a doctor immediately.

We touch on the sociological aspects of gold ownership when Alasdair says “Collecting gold is probably one of the better ways to insure that people remain peaceful.” Well said. If one has true, tangible wealth they tend to covet a little less.