| Jason Burack of Wall St for Main St had on returning guest, Head of Research at Gold Money https://www.goldmoney.com/ Alasdair Macleod http://www.financeandeconomics.org/ WE APOLOGIZE FOR THE AUDIO QUALITY AND PROBLEMS IN THE FIRST 10 MINUTES OR SO OF THE INTERVIEW! WE HAD SOME PROBLEMS WITH SKYPE CALLING ALASDAIR IN ENGLAND. During this 40+ minute interview, Jason asks Alasdair if he thinks China will announce a gold reserves update about its official public government gold holdings. Before Alasdair answers that question, he provides some background. Alasdair thinks the Chinese government/PBOC started accumulating massive tonnage of gold in the early to mid 1990s as it was getting ready to join the WTO. Alasdair does think China will update its official gold holdings soon but that China doesn't care very much if its currency gets into the SDR. Alasdair thinks China will eventually partially back its currency with gold (fractional gold standard?) and that China plans a separate SDR with other Asian economies. Jason and Alasdair also discuss where is the gold coming from, the financial struggles of gold miners, why deflation can't last for a long period of time and why it hasn't ever lasted in modern history for more than a few years and other interesting topics. They also discuss if the crack up boom has already started. Please visit the Wall St for Main St website here http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow John Manfreda on Twitter @JohnManfreda Follow Wall St for Main St on Twitter @WallStforMainSt Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! |
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Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy.
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