• Gold is money, everything else is credit
  • Financial assets in general are in a big bubble
  • For investors, an allocation to gold is essential

Recently I sat down for a catch-up chat with my friend, former colleague and well-known international monetary and financial expert Alasdair Macleod. Alasdair serves as the Head of Research for independent gold custodian Goldmoney, Inc and also writes a popular Substack column with many thousands of subscribers.

During our chat, Alasdair describes the growing global debt bubble and the financial system that is probably broken beyond repair. Authorities rarely talk frankly about this but some recent comments from the Bank for International Settlements – the central bank of central banks – suggest they are growing more concerned.

Concern, however, does not appear to be leading to any practical solutions. For investors, the only suitable action is to protect their accumulated wealth in financial assets with a meaningful allocation to gold. In the near-term, however, silver may actually offer better prospects due to tight liquidity and a growing supply and demand mismatch.


John Butler
Editor, Fortune & Freedom