Alasdair Macleod – The New London Gold Fix – HSBC Gold Vaults – RMB New Choice

When you visit with Alasdair Macleod from and, you should be prepared for a lesson in global economics. Our visit started with the very explosive new London Gold fix, and we discussed the implications of how this will effect, not only traders, but the retailer buyers, as well.

As Alasdair explained Friday in his article “The new London Gold Fix and China“:

This month, the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange’s trading platform on 20th March.

Trending: Duck Duck Go’s far-left political donations and abuse of user data have users FUMING

From 1st April, the Financial Conduct Authority will extend its powers from regulating the participants to regulating the fix as well. This will transfer price control away from the bullion banks allowing direct access to the fixing process for all direct participants and sponsored clients.

take our poll - story continues below

Has Big Tech Gone Too Far Banning the President?(2)

  • Has Big Tech Gone Too Far Banning the President?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Freedom Outpost updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

As the markets are attempting to digest the new London Gold Fix, HSBC announces they are closing 7 of their London gold vaults! During our conversation, recorded on Monday March 9, it was not clear which vaults had closed and the impact this would have on the GLD – SPDR gold backed etf fund as well as the ETF Securities gold backed fund. HSBC is the custodian bullion bank for both of these very large gold etf funds. During the editing of the video below, Alasdair sent me an email, and here is what we learned Tuesday, March 10, about the closed vaults:

“Spoke to HSBC ‘customer relations and PR’ today.

They are saying that it’s just their ‘retail safe deposit facilities’ now – yes, they are closing all 7, but nothing to see here. They don’t accept that these are vaults despite them using that terminology with my bullion dealer.”

What is really interesting is we have all this gold focused activity going on while China is placing billboards in Bangkok announcing the RMB (Renminbi) as the “new choice” and “The World Currency.” If you look at the image below, you will see a gold coin in place of the “O.” Very interesting indeed.


Quick recap–We have a new gold fix, London is closing the gold fix on March 20, 2015, HSBC has closed 7 retail gold vaults and China has billboards in Bangkok announcing the RMB as the world currency!

This should be more than enough for any one person to digest, but we decided to dive deeper and take a look at the Shanghai Cooperation Organization and what role it will be playing in the very near future. With approximately 50% of the world’s population, over 60% of the world’s natural resources—including most of the world’s gold—what impact will this have on the remainder of the 21st century in the Western world? That is the $18trillion dollars in debt question! The Western – Anglo world is debt soaked. The global economy is slowing to a crawl. China, Russia the other members of the SCO are only interested in one thing – conducting business and generating more business for their countries. The only thing the Western world seems to be interested in is war.

Mr. Macleod does an excellent job of explaining all the above in a relaxed atmosphere. We hope you enjoy and we hope you learn a lot!



Don't forget to Like Freedom Outpost on Facebook and Twitter, and follow our friends at

Become an insider!

Sign up for the free Freedom Outpost email newsletter, and we'll make sure to keep you in the loop.

You Might Like
Previous Senators Unveil Bill To Legalize Federal Medical Marijuana
Next ‘Transgender’ Lunacy of Planet Fitness in a Corrupt Nation

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon to the right of the comment, and report it as spam. Thank you for partnering with us to maintain fruitful conversation. If you don't see a commenting section below, please disable your adblocker.

Sorry. No data so far.