Gold is hitting all-time highs, silver is in physical shortage, and the global fiat system may be entering its terminal phase. In this episode, Alasdair MacLeod returns to explain why we’re not in a bull market but a fiat currency collapse. We discuss the unraveling of the gold and silver derivatives market, central bank leasing breakdowns, and why the real crisis is the loss of confidence in paper currencies.
From historical parallels with Weimar Germany to the mechanics of ETF stress and Comex delivery strain, Alasdair lays out a detailed, sober assessment of what comes next: currency debasement, soaring commodity prices, and the return of gold as true money.
We discussed:
– Why gold is the “canary in the currency mine”
– The structural silver squeeze nobody can fix
– What rising yields mean for credit markets and fiat
– China, BRICS, and the setup for a parallel monetary system
00:00 – Gold at All-Time Highs: Bull Market or Collapse?
04:34 – The Gold Leasing Crisis at the Bank of England
06:55 – Silver Shortages & Public Panic
10:08 – Derivatives Breakdown: The End of Paper Gold?
13:00 – Gold as the Canary in the Currency Mine
15:28 – Why the Silver Squeeze Won’t End Soon
19:25 – Gold-Silver Ratio & Investor Psychology
21:11 – Can Central Banks Add Silver to Reserves?
23:16 – ETFs in Trouble: Physical Shortage Risks
25:30 – Commodities vs Gold: A Hidden Valuation Gap
28:27 – Global Demand & the Next Inflation Wave
30:43 – Geopolitics, Rare Earths & De-Dollarization
33:20 – Gold-for-Yuan System Emerging?
35:29 – Split Monetary Systems: Fiat vs Commodity-Backed
36:32 – Historical Parallel: Weimar Germany’s Three Phases
40:52 – Bond Yields, Debt & the Final Collapse Trigger
44:39 – Stablecoins, Treasury Demand & False Fixes
47:46 – Debt Near Cash: T-Bills as a Lifeline
49:34 – Why Economists & Politicians Won’t See It Coming
51:13 – The Existential Threat to Central Bank Credibility
52:36 – Closing Thoughts on Digital ID & Financial Control
Credit to : GoldRepublic Global