Thank you Alasdair, as always, your insight and analysis are spot on. I am so fortunate to have become a member of your Substack group. I am not a clever man but listening to you on various podcasts and now reading your works I have an understanding of what gold is, how it works and its role my future. I can confirm that your goals when setting up this Substack have been achieved, at least in my personal case haha. The problem I am finding is that many many people that I know , care about and converse with just close their eyes and shut their ears to what is happening around them, they just say “ I cannot do anything about it”. I say to them “I agree, you cannot do anything about it, BUT, you can prepare for it”. Once again, thank you for sharing your wisdom
You are right that silver is still recognised as money across much of Asia, and therefore as confidence in western fiat diminishes that a degree of value for monetary purposes returns. This is why generally speaking when gold's value increases, silver's tends to twice as fast.
Thank you Alasdair,for the heavy and weightier commentary GeoFinance and Economics I follow you, Jim Rickards,as well as Ray Dalio alongside a bevy of daily reports from writers subscribed to, you know the types they manage investments, recommend investments, some good, some not so good, but they do provide a fantastic insight into current financial thinking, I also watch a bit of the talking head nonsense on T.V, again for no other reason than overview, aside from yourself, only Rickards and Dalio with the investor Robert Kiyosaki the only Metals recommenders, only you dear Alisdair and to a lesser degree Rickards totally au fait metals true history, place in finance and most of all, value, meanwhile for lighter commentary I follow a couple of young people, Sean Foo and Lena Petrova, both are good to listen to, .. I’ve been a reader of your content via Gold Money for years, recently subscribing to your Substack.
It’s been worth every cent, I thoroughly recommend it and your “Cast” interviews, nice to see much of what you’ve opined manifesting in real time, we are indeed fortunate to be living and experiencing this moment in history, a titanic shift in world geo politics, the international order of things shifting, most of all, I am loving see Keynesians get their comeuppance, I am sick and tired of the rort, the manipulation and orchestrating of our economic system, the social capital system we in the West live under vs the outright Capitalist System China is showing the world viz a vis they’re abandoning property, western demands led the U.S to intervene and save their sorry and now sick counterparty arses… no dice, glad China believe in capitalism more than the West, the U.S especially… equally happy to see China again send Yellen packing… i mean the chutzpah, of the U.S, denigrate the shitzen out of China, attack, ridicule, deride, malign and threaten, then go beg but in the process wag your fingers, lecturing them… as you ask them to save your profligate out of control lifestyle… nope glad it’s breaking down
I await the final trigger pull, Russia and China putting them out of their misery by announcing a full gold backed domestic currency… revaluing accordingly, the gain in gold value resulting given their holdings government and private more than compensating any negative impact so announcing, however, sooner rather than later they need do this, in order to forestall a global war, they’ll bankrupt the U.S and West, rendering them impotent to fight WW3, easing a big spectre and risk of war, whilst ushering ushering in the new financial paradigm.
I am an investor in your most well run company and hold physical and look forward as noted to the change coming when real money returns… thank you very the education, you’ve taught me so much, more than university ever did regarding real money, its relationship, its reality, its value, its history… I am grateful for that alone… Kia Kaha from New Zealand
I'd like to hear your views on this Alasdair, if possible. Thank you in advance. You explain very well why gold plays a major role as a reference currency compared with silver, which is now more of an industrial metal than a monetary one. Nevertheless, don't you think that the investment component could once again become predominant in this metal with the depreciation of the monetary system? I've recently heard that in countries like Egypt and Turkey, which have recently seen a sharp devaluation in their currencies, people are now buying silver instead of gold, which has become impossible to buy because of its price, to protect themselves.
I agree. In Egypt, because their currency is falling, certain people, as I understand it, are turning to silver instead of gold for engagement presents. In Egypt, silver is the new gold considering gold has increased over 120% to 3,870 Egyptian pounds per gram of 21 carat gold.
Cedric - Silver & Gold ( The 2 x Monetary Metals ) , have been money for time immemorial ,
and nothing has been their equal . The only reason that Silver is no longer ' Money ' is because
some bunch of evil & usurious hook nosed money men ( Khazarian Mafia ..etc ) saw fit to de-monetize it back in the late 1800's . Look Up - " The Crime Of 1873 " and fully take on board
what you're shown . ' IF ' this criminal act along with - ' The Crime of 23 December 2013 '
( Federal Reserve Act passed into Law ) - hadn't been committed , then we wouldn't all have been so comprehensively fleeced as we have been over the past 150 + Years ..etc....etc .
What do you think the main reason was behind John Kennedy being murdered back in 1963.?
All manner of reason's have been posited over the past 60 x Years or so ' BUT ' if you look deeply into this , you should pretty soon find out that he was planning on re- establishing
the use of ' Silver Certificate's ' ( backed by physical silver / restoration of silver standard ) , and at the same time he was going to de-fang and then destroy ' The Fed ' . More than enough reason for ' The Money Masters ' ( along with various other factions ) to bring JFK's life to a premature end . Sad but True . ' IF ' Kennedy had lived and been able to pass what he wanted to do into Law - we wouldn't be where we are today ..etc .
While we await a possible Alasdair reply, I would like to interject a thought, namely that the idea that people will buy silver instead of gold because the price of gold is relatively too high is a fallacy. By that logic they will buy corn or cotton or 10 penny nails because those commodities are relatively cheaper than silver.
I think at the last end, corn ,cotton or anything else tangible will be more valuable than paper currency. Concerning silver, it has been money for centuries as well as gold and sometimes more than gold (in China for instance). In most of western countries, coins were made partially with silver until the sixties. It was the case in France and also in the US and certainly elsewere. I know that silver has been demonetized but in these times of uncertainty and strong inflation, I think silver remains money in the subconcious of many people, in particular in the global south but also in the west. Talking about subsconcious ans FYU in french silver and money is called with the same word : argent.
Cedric - I'm with you here and to my mind think that a bi-metallic standard utilising
Silver & Gold at the same time ( Gold - mainly governmental & trade settlement / Silver daily domestic commercial use ) - though I can only imagine there must be a flaw in this thinking as I don't recollect Alasdair ever ( or leastways recently ) expressing views on a hard money standard other than one just utilising Gold .
As regards the use of Silver as a monetary metal , you're right - I think that in fact it is Silver which has been used for more widely and in historic terms for far longer
than has Gold + I'd have thought that by re-monetising Silver you'd provide the man in the street with something tangible and with true worth , instead of the accursed CBDC solution / route that the T.P.T.B & Bankster's will be doing their utmost to force down the throat's of the general public ( world-wide ) ..etc..etc .
Doubtless ( Hopefully ) - Alasdair will get his marking pencil out and draw thick red lines through all part's of my ' Homework ' where I've cocked up ..!! .
BOOK RECOMMENDATION ( For anyone reading this commentary ) :-
' The Silver Bomb - Beyond The Return Of Metal As Money ' ( published 2012 )
by - Michael MacDonald & Christopher Whitestone . Obviously a bit old &
possibly out of print now but excellent all round with some particularly interesting
historical context . Well worth trying to get hold of a copy ( Amazon / E.Bay ..etc ) .
If you are fortunate enough to get hold of a copy - you'll see how the author's like
me very much thought that what we're seeing right now would actually have come
to pass 8 - 9 x years ago - rather than at this very late stage in the game .
Frankly , this particular ' Luddite ' think's that computerisation / digitisation of money units ( + a whole host of other things ) onto data-bases & in the ' Cloud ' and as little digits on a screen ( Virtual - non existant money ) are rather more of a curse than a benefit - and are a very major reason through the likes of shadow banking ,
OTC derivative's & Off balance sheet manipulation's - why we're all in the perilous situation that we all currently find ourselve's in .etc ./
Let’s talk about what is motivating the current up leg in gold prices. The only way that the total Comex open interest can decline is if old longs sell to old shorts. That condition could satisfy Alasdair’s contention that one or more bullion banks is being squeezed and is/are covering their short position(s). So who is selling? Those of us who traded the great general commodities bull market of the 1970s saw similar open interest behavior in several futures markets. Sugar and cocoa were two although the sugar market behaved that way early in its move while the cocoa market saw total open interest liquidation at a relatively later stage. The present sellers in gold must be old, existing longs – probably spec positions – but that means that the sellers are outsiders. They don’t recognize the underlying staying power of this gold advance and are taking profits at the start of the move. Foreign gold buyers are not yet fueling the advance but if they come into the market in size at some point then we could expect to see total open interest surge. Personally, I am not so sure that an entity fleeing USD exposure would use the futures market as a hedging medium. As long as it’s available actual physical gold appears to me to be a better alternative.
Thank you Alasdair, as always, your insight and analysis are spot on. I am so fortunate to have become a member of your Substack group. I am not a clever man but listening to you on various podcasts and now reading your works I have an understanding of what gold is, how it works and its role my future. I can confirm that your goals when setting up this Substack have been achieved, at least in my personal case haha. The problem I am finding is that many many people that I know , care about and converse with just close their eyes and shut their ears to what is happening around them, they just say “ I cannot do anything about it”. I say to them “I agree, you cannot do anything about it, BUT, you can prepare for it”. Once again, thank you for sharing your wisdom
Cedric
You are right that silver is still recognised as money across much of Asia, and therefore as confidence in western fiat diminishes that a degree of value for monetary purposes returns. This is why generally speaking when gold's value increases, silver's tends to twice as fast.
Thank you Alasdair,for the heavy and weightier commentary GeoFinance and Economics I follow you, Jim Rickards,as well as Ray Dalio alongside a bevy of daily reports from writers subscribed to, you know the types they manage investments, recommend investments, some good, some not so good, but they do provide a fantastic insight into current financial thinking, I also watch a bit of the talking head nonsense on T.V, again for no other reason than overview, aside from yourself, only Rickards and Dalio with the investor Robert Kiyosaki the only Metals recommenders, only you dear Alisdair and to a lesser degree Rickards totally au fait metals true history, place in finance and most of all, value, meanwhile for lighter commentary I follow a couple of young people, Sean Foo and Lena Petrova, both are good to listen to, .. I’ve been a reader of your content via Gold Money for years, recently subscribing to your Substack.
It’s been worth every cent, I thoroughly recommend it and your “Cast” interviews, nice to see much of what you’ve opined manifesting in real time, we are indeed fortunate to be living and experiencing this moment in history, a titanic shift in world geo politics, the international order of things shifting, most of all, I am loving see Keynesians get their comeuppance, I am sick and tired of the rort, the manipulation and orchestrating of our economic system, the social capital system we in the West live under vs the outright Capitalist System China is showing the world viz a vis they’re abandoning property, western demands led the U.S to intervene and save their sorry and now sick counterparty arses… no dice, glad China believe in capitalism more than the West, the U.S especially… equally happy to see China again send Yellen packing… i mean the chutzpah, of the U.S, denigrate the shitzen out of China, attack, ridicule, deride, malign and threaten, then go beg but in the process wag your fingers, lecturing them… as you ask them to save your profligate out of control lifestyle… nope glad it’s breaking down
I await the final trigger pull, Russia and China putting them out of their misery by announcing a full gold backed domestic currency… revaluing accordingly, the gain in gold value resulting given their holdings government and private more than compensating any negative impact so announcing, however, sooner rather than later they need do this, in order to forestall a global war, they’ll bankrupt the U.S and West, rendering them impotent to fight WW3, easing a big spectre and risk of war, whilst ushering ushering in the new financial paradigm.
I am an investor in your most well run company and hold physical and look forward as noted to the change coming when real money returns… thank you very the education, you’ve taught me so much, more than university ever did regarding real money, its relationship, its reality, its value, its history… I am grateful for that alone… Kia Kaha from New Zealand
Simon Gedye - 9th April
Peter : Excellent & perceptive commentary all round .
I note that you're over in New Zealand - so I hope that you'll be able to find the time
to take to the road with a goodly number of ' Pals ' - tooled up with AR15's / Glock's /
Sawn Off Shotgun's + a mountain of Semtex - in order to seek out the myriad
farm's and bunker's as acquired by the likes of - Bezos / Gates / Zuckerberg /
Dimon & Fink + an array of other evil & light fingered Carpetbagger's .
You obviously know what to do next - finger on trigger - safety off - take aim
and fire at will ...etc . When all fall's silent & still - next deploy the Semtex - JOB DONE .
AM, like the japanese advert, Matsushita, I believe, "well ahead of his time"....
I'd like to hear your views on this Alasdair, if possible. Thank you in advance. You explain very well why gold plays a major role as a reference currency compared with silver, which is now more of an industrial metal than a monetary one. Nevertheless, don't you think that the investment component could once again become predominant in this metal with the depreciation of the monetary system? I've recently heard that in countries like Egypt and Turkey, which have recently seen a sharp devaluation in their currencies, people are now buying silver instead of gold, which has become impossible to buy because of its price, to protect themselves.
I agree. In Egypt, because their currency is falling, certain people, as I understand it, are turning to silver instead of gold for engagement presents. In Egypt, silver is the new gold considering gold has increased over 120% to 3,870 Egyptian pounds per gram of 21 carat gold.
Simon Gedye - 9th April
Cedric - Silver & Gold ( The 2 x Monetary Metals ) , have been money for time immemorial ,
and nothing has been their equal . The only reason that Silver is no longer ' Money ' is because
some bunch of evil & usurious hook nosed money men ( Khazarian Mafia ..etc ) saw fit to de-monetize it back in the late 1800's . Look Up - " The Crime Of 1873 " and fully take on board
what you're shown . ' IF ' this criminal act along with - ' The Crime of 23 December 2013 '
( Federal Reserve Act passed into Law ) - hadn't been committed , then we wouldn't all have been so comprehensively fleeced as we have been over the past 150 + Years ..etc....etc .
What do you think the main reason was behind John Kennedy being murdered back in 1963.?
All manner of reason's have been posited over the past 60 x Years or so ' BUT ' if you look deeply into this , you should pretty soon find out that he was planning on re- establishing
the use of ' Silver Certificate's ' ( backed by physical silver / restoration of silver standard ) , and at the same time he was going to de-fang and then destroy ' The Fed ' . More than enough reason for ' The Money Masters ' ( along with various other factions ) to bring JFK's life to a premature end . Sad but True . ' IF ' Kennedy had lived and been able to pass what he wanted to do into Law - we wouldn't be where we are today ..etc .
While we await a possible Alasdair reply, I would like to interject a thought, namely that the idea that people will buy silver instead of gold because the price of gold is relatively too high is a fallacy. By that logic they will buy corn or cotton or 10 penny nails because those commodities are relatively cheaper than silver.
It's not a fallacy. In Egypt silver is the new gold because the price has increased so much. Silver has replaced gold as engagement presents for many
I think at the last end, corn ,cotton or anything else tangible will be more valuable than paper currency. Concerning silver, it has been money for centuries as well as gold and sometimes more than gold (in China for instance). In most of western countries, coins were made partially with silver until the sixties. It was the case in France and also in the US and certainly elsewere. I know that silver has been demonetized but in these times of uncertainty and strong inflation, I think silver remains money in the subconcious of many people, in particular in the global south but also in the west. Talking about subsconcious ans FYU in french silver and money is called with the same word : argent.
Simon Gedye - 9th April .
Cedric - I'm with you here and to my mind think that a bi-metallic standard utilising
Silver & Gold at the same time ( Gold - mainly governmental & trade settlement / Silver daily domestic commercial use ) - though I can only imagine there must be a flaw in this thinking as I don't recollect Alasdair ever ( or leastways recently ) expressing views on a hard money standard other than one just utilising Gold .
As regards the use of Silver as a monetary metal , you're right - I think that in fact it is Silver which has been used for more widely and in historic terms for far longer
than has Gold + I'd have thought that by re-monetising Silver you'd provide the man in the street with something tangible and with true worth , instead of the accursed CBDC solution / route that the T.P.T.B & Bankster's will be doing their utmost to force down the throat's of the general public ( world-wide ) ..etc..etc .
Doubtless ( Hopefully ) - Alasdair will get his marking pencil out and draw thick red lines through all part's of my ' Homework ' where I've cocked up ..!! .
BOOK RECOMMENDATION ( For anyone reading this commentary ) :-
' The Silver Bomb - Beyond The Return Of Metal As Money ' ( published 2012 )
by - Michael MacDonald & Christopher Whitestone . Obviously a bit old &
possibly out of print now but excellent all round with some particularly interesting
historical context . Well worth trying to get hold of a copy ( Amazon / E.Bay ..etc ) .
If you are fortunate enough to get hold of a copy - you'll see how the author's like
me very much thought that what we're seeing right now would actually have come
to pass 8 - 9 x years ago - rather than at this very late stage in the game .
Frankly , this particular ' Luddite ' think's that computerisation / digitisation of money units ( + a whole host of other things ) onto data-bases & in the ' Cloud ' and as little digits on a screen ( Virtual - non existant money ) are rather more of a curse than a benefit - and are a very major reason through the likes of shadow banking ,
OTC derivative's & Off balance sheet manipulation's - why we're all in the perilous situation that we all currently find ourselve's in .etc ./
Simon Gedye - 9th April
Jim , No - You're completely & massively adrift here ( million miles away if not more ) .
Silver & Gold have both been ' Money ' & currency pretty much since pre history .
Look up what the qualities a commodity needs to have to be considered - ' Money '
Try stowing away ( or burying ) a bag of Corn / Bale of Cotton alongside
a quantity of Silver & Gold Coin's & then digging them up 10 - 12 x years down
the line & then offer somebody a choice of any of these in payment for something .
For some strange reason I tend to think that the Corn & the Cotton will
have transmogrified into something , smelly , worthless & all round nasty -
a bit like the $ - USD and all of the other worthless Fiat I.O.U nothings that are in turn
pegged to it . Will you be saving in Corn / Cotton & Nail's ..?? - No , didn't think so .
Let’s talk about what is motivating the current up leg in gold prices. The only way that the total Comex open interest can decline is if old longs sell to old shorts. That condition could satisfy Alasdair’s contention that one or more bullion banks is being squeezed and is/are covering their short position(s). So who is selling? Those of us who traded the great general commodities bull market of the 1970s saw similar open interest behavior in several futures markets. Sugar and cocoa were two although the sugar market behaved that way early in its move while the cocoa market saw total open interest liquidation at a relatively later stage. The present sellers in gold must be old, existing longs – probably spec positions – but that means that the sellers are outsiders. They don’t recognize the underlying staying power of this gold advance and are taking profits at the start of the move. Foreign gold buyers are not yet fueling the advance but if they come into the market in size at some point then we could expect to see total open interest surge. Personally, I am not so sure that an entity fleeing USD exposure would use the futures market as a hedging medium. As long as it’s available actual physical gold appears to me to be a better alternative.
You seem very sure about this🤔
Simon Gedye - 9th April
Staying in a Hotel with crap Wifi ......Feeble excuse .
You should do yourself a big favour and " Splash The Cash' the next time you hit the road .
I've never stayed with them myself , but I have it on good authority that ' Hotel Travelodge ' are a
truly excellent outfit - albeit rather pricey - Go on and treat yourself - You're worth it ( as they say ) .