BRICS GOLD Currency A Hoax?! | Alasdair Macleod

In this interview with Alasdair Macleod, Head of Research at Goldmoney, we discuss the recent developments surrounding the BRICS summit and the speculation about a gold-backed currency. Alasdair shares his insights into why the proposed currency is not a feasible reality and explains the implications for global economics and credit markets. We also cover the rising gold prices, the state of global credit, and the challenges facing Western economies. Viewers can expect a deep dive into the mechanics of credit, currency value, and the economic strategies of major players like China and Russia. #gold #credit #BRICS ------------ Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver ------------ 👨‍💼 Guest: Alasdair Macleod 🏢 Company: Goldmoney 🌎 https://substack.com/@macleodfinance 📅 Recording date: October 31st, 2024 --------------------- 📆 Save the Date 📆 DEUTSCHE GOLDMESSE 🪙 November 21 & 22, 2024 in Frankfurt, Germany www.deutschegoldmesse.com FREE Registration for Investors! --------------------- ►► Follow Us! ◄◄ Twitter: http://twitter.com/soarfinancial Website: http://www.soarfinancial.com/ Timestamps 00:00 Intro 00:55 Welcoming Alasdair Macleod 02:10 Summary of the BRICS Meeting 06:02 Why the BRICS Gold Currency Isn’t Happening 13:20 Challenges in Creating a Gold-Backed Currency 19:05 The Problem with CBDCs and Credit Misunderstandings 23:29 US Credit and Debt Situation 30:33 Rising Interest Rates and Bond Market Impact 37:03 Relationship Between Bond Yields and Equities 42:16 Implications of Bond Yields on Fed Policy 45:34 Foreign Perspectives on US Economic Policy 51:04 Gold’s Price Movement Explained 54:06 The Importance of Understanding Currency Value 55:47 Final Thoughts and Takeaways 57:32 Alasdair’s Substack and Where to Follow Him 59:30 Conclusion and Viewer Engagement Music by Bensound.com/free-music-for-videos License code: CJM8H8TFH44E1TI5 **Disclaimer:** Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links! Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary. Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest). Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences.