Jason Burack of Wall St for Main St interviewed returning guest, head of research at Gold Money https://www.goldmoney.com/, Alasdair Macleod. Alasdair has over 20 years experience working in the financial industry.
Alasdair’s articles are available here:
Jason asks Alasdair for an update on Brexit and also about the flash crash the British Pound had against the US Dollar where the Pound crashed a record 6% in only 2 minutes!
Jason and Alasdair discuss how central banks have kept loading on debt and other assets onto their balance sheets and how much worse the global debt problem is since 2008. Alasdair says a tiny increase in interest rates could collapse the global financial system because of how leveraged it has become. Nothing was learned from the 2008 crisis.
Jason also asks Alasdair about the gold market and about how Deutsche Bank is only going to pay a $38 million fine for manipulating the London Silver fix in exchange for providing more evidence against its co-conspirators.
To wrap up the interview, Jason and Alasdair discuss the demand side for physical gold.