As Good As Gold Australia: 32,000 Billion Reasons for Gold to Explode! The Global Death of Fiat Currency (w/ Alasdair Macleod)


As Good As Gold Australia
Sep 25, 2021

In this intriguing interview, Brian and Darryl Panes from As Good As Gold Australia interview Alasdair Macleod, Adviser to AGAGA.

The question many are asking at the moment is “Why is gold not going to the moon?” Gold is a hedge against inflation, and we are experiencing inflation, right? The FED says it’s transitory, but the FED and the US Government do not have a good track record with its historical referencing to transitory.

President Nixon in 1971, closed the gold window and referred to the decision as being transitory. Ben Bernanke of course, promised QE in 2009 would be transitory. Why would we believe them now?

Inflation is here to stay!

The Evergrande fiasco continues to gather momentum… Evergrande owes money to about 170 domestic banks and 120 other financial institutions. So if the company defaults, there will be serious ramifications within the banking system and not just in China.

UBS estimates there are 10 developers, with potentially risky positions with combined contract sales of 1.86 Trillion Yuan or 2.7 times Evergrande’s size.

In other words, Evergrande is only the tip of the iceberg. If Beijing bails them out, it sends a dangerous message to other heavily indebted developers. If they don’t, the fall-out could be catastrophic and spread to other sectors of the economy.

There are 32,000 billion reasons for gold to explode!


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