Since China has rolled out a series of currency devaluations and made two different public announcements regarding their official gold holdings, it seemed like a perfect time to check in with Alasdair Macleod.
On the surface, the currency devaluations were not that significant. The announcement regarding their official gold holdings did not change anyone's outlook regarding the gold market or the currency market. Looking behind the curtain, we see something more and something much larger and more telling than the mainstream financial analysts are reporting.
Mr. Macleod breaks down the significance of the five different events--three currency devaluations and two gold announcements--and the implications for Eurasia, the US, and Europe. It would appear that there is much more to the story than is being reported on most channels.
As a lot of you know, I spoke with Jeff Nielson on Monday August 17 regarding these same issues. Mr. Macleod agrees with Mr. Nielson and manages to shed a whole new light on the subject. Having a view from a European seat allows one a slightly different perspective, and Mr. Macleod delivers, once again, as only he can. If you think the gold market and currency markets haven't been dealt a massive wake-up call, then give this a listen. Between now and year's end, gold and currency should be at the top of the list of items to watch.
The audio only version is available unedited, without ads, for download or stream at silverfarm.podbean.com, or search itunes for Silverfarm.
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