| In this latest interview, Brian and Darryl Panes from As Good As Gold Australia speak with Alasdair Macleod, Advisor to AGAGA. The inflation rate has just hit 6.1% in Australia and 9.1% in the USA. Chris Joye from Coolabah Capital in Australia believes that if the RBA continue to increase interest rates at 0.5% a month up until the end of the year, it would lead to the biggest housing price crash in living memory. We've already seen the annual pace of Melbourne house price loses since May 2022 at 15%, and Sydney recording 22%. Alasdair provides his viewpoint on Australia's and the world's inflation and housing dilemma. Why do politicians resist going back to the gold standard, when clearly gold has been the superior money when compared to all fiat currencies. What is the difference between living with a monetary system, incorporating CBDC's vs a currency using Austrian Economics as its base, incorporating gold and silver? What constraints would one encompass? Why are gold and silver not surging in price where it could be said that the current economic environment would appear to be perfect for both metals to do so. Where to from here? Currently, all central banks are talking about a recession. This time it's a global recession and this is just the beginning. A world financial crisis is now on our doorstep and potentially the end of the current financial system as we know it. Now more than ever before, it's vital that one owns gold - the ultimate form of protection in a failing economy. |
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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