Alasdair Macleod: "Get the Hell out of Credit"

Paul Buitink talks to Alasdair Macleod, former stockbroker and banker and currently Head of Research at Goldmoney. He also has his own substack. Alasdair explains why he believes you should get out of credit and into hard assets, such as gold. He sheds light on the horrible finances of the US and why the Chinese worry about their US dollar positions. Also he comments on the paper gold market and the physical shortages he expects. Demand will get out of control. At the end we discuss US elections and sanctions on Russia. More info about Alasdair: https://x.com/MacleodFinance https://alasdairmacleod.substack.com/ Follow Paul Buitink on X: https://x.com/paulbuitink Timestamps: 0:00 Intro 1:50 Get the hell out of credit 4:30 Gold and Asian demand 8:35 Hugo Stinnes, The Inflation King 13:24 Interest rates and risk of crisis 19:05 $3000 dollar gold and paper gold issues 27:11 US presidential elections 32:24 Russia's economy 36:32 Closing remarks