In this episode of Keiser Report's annual Summer Solutions series, Max and Stacy chat to hard money advocate, Alasdair Macleod of GoldMoney.com, about the headline-grabbing moves in gold prices. Goldman Sachs says that soaring gold prices are, indeed, signalling that the US dollar's days as world reserve currency may be coming to an end. And, while they spoke before it was announced that Warren Buffett has gone long gold miner, Barrick Gold, they discuss the shift of psychology around gold from the big investors and central banks as central banks go on a 'free money' printing spree as even the Economist magazine notes. Finally, they review the building trade and geopolitical tensions between the rising power, China, and the perhaps declining one, the USA, and whether or not this will drive gold higher and fiat lower as the world order disintegrates.
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where he began working after graduating from NYU.
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist.