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In this week’s episode of Live from the Vault, Andrew Maguire is joined by Alasdair Macleod to examine the East’s blossoming relationship with gold as they’re beating the markets by securing local currencies and commodities against its value.
The London whistleblower broaches gold’s vital role in a looming credit collapse, which the East seem to have foreseen with greater clarity than the West, before tackling the esoteric nuances behind CBDCs and decentralised currencies.
Timestamps:
00:00 Start
03:03 A Ruble backed by gold
08:00 Is the Ruble going onto a gold standard?
13:37 Russia’s plan A was a BRICs gold-backed currency
19:10 China’s approach to gold ownership compared to the West
30:15 The East is stockpiling more gold than the west
36:21 When Western Fiat currencies collapse, who wins?
38:20 Is a credit crunch looming?
41:30 What happens when the air comes out of the fiat system
46:25 Pain ahead for central banks
48:28 How far away are central bank digital currencies?
55:30 Linking the price of gold to commodities
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Disclaimer: This video is provided for informational purposes only and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
