A2A with Alasdair Macleod of GoldMoney

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Great stuff here from Alasdair Macleod. Not only does Alasdair explain how and why he came to the conclusion that China has accumulated a minimum of 30,000 metric tonnes of gold, he also shares his opinion of what they plan to do with it.

Wow, this was a really good A2A. Not only does Alasdair discuss Chinese gold accumulation, he also addresses:

  • which factors, if any, might impact future Chinese demand
  • how the AIIB and SCO signal China and Russia's intentions
  • the likelihood and impacts of a Greek default and possible exit from the EU

Please carve out some time to listen to this podcast. You won't leave disappointed.



CPE's picture


Turd and Alasdair!

tashacassidy's picture



SS121's picture


a2a notes alasdair 
the webinar will begin shortly, please remain on the line.  beep
sound check both o.k.
intro A2A
intro alasdair, director of goldmoney and runs finance and econ.org  great mind of the industry
am greetings
tf talk re; chinese holdings, alasdair... 30,000 tons? how did you get that number?
am speculative number, nobody knows, nobody ever tells people they have gold, speculative.  20 to 30,000 tons is my state estimate
back in 1983 regs appointed pboc as in charge of state dealings.  that was just after mao era as china was coming up.  she made junk for the west and western corp built factories in china.  china tried to limit rise in currency caused by influx of currency.   x tons of gold was acquired and the arabs also put their usd into gold.  then young arabs had a different attitude.  by end of 90s they started investing in infrastructure.  dubai was built from 90's onwards.  the india gold act was repealed in 1992.  arabs slowed down, india picked up.  70-75,000 tons
west was disposing of bullion near end of bear market and China was picking it up.  The idea that china could acquire 20,000 t between 83 and 92 (?)  the amount in gold would equate to about 20,000 t.  it's possible that out of production and scrap, all mines sell to gov, could have added 5 to 10,000 more.   proof that china has state needs she opened up the market to her own citizens.  from 2002 onward individuals were permitted to buy gold.
tf-  everyone is waiting for an official announcements.  i feel they will never tell what they have.  the 2009 numbers were believed.
am-  analysts are blinkered, nobody knows, i would expect the chinese to be no more honest than the chinese.
sge analysts and wgc analysts finds a huge shortfall from how much has been delivered into public hands. what nobody knows is what happens to chinese gold.  when i talked to major swiss refiner they hold on to all that they refine.  theres alot of mystery, including leasing, per the wgc.  but if you lease you do it with sge gold.  it's only good collatoral if within the official system, that negates the wgc info.  lots of questions, nobody knows the answers.
tf-  a question from simon-  is a bubble recession or similar causing a decrease in demand? see a decrease in china demand that puts bid in paper market??
am- no way of knowing, china is trying to deflate a bubble.  china gov is aware of problem, they do own and control their banks so they can direct money in economy.  they are shifting away from production from west to silk road and other econ infrastructure spending.  this shifts demand allowing for them to continue without a crisis.  enormous infrastructure spending.  25 to 30 trillion dollars spending that will revitalize their econ, that is the obvious plan.  the charter from 2002 cooked up plan with russia that china can control africa.  they've already got the plan in place, now they are putting the financial arrangements in place.  back in 13 the mayor of london called george osborn to china for a big deal.  then London / hong kong became nexus for international currency development.  ...then infrastructure bank, first signed off on by britain.   lots of business to be done.  england is in on it,   it has peeled away u.s. allies economically to china.
chinas strategy is looking toward an exciting future.  another aspect is cross border settllement russia aiib etc.  that is where gold comes in.  china and russia know gold holdings of western central banks.
TF- you sound like jw, do you know him?
am- i do
tf- where do you fall?  china to go with SDR or build the next one?
am- china has been refused sdr, america dragged feet.  china is now taking view that rmb in sdr is not important.  current comp appears set.  BRICS will be getting going as it's more important.  BRICS will issue it's own sdr, some currencies are week so that is where gold will come in.  gold is banned from sdr, china russia alt sdr will be different animal that will have an element of gold.
tf- chinese banker said this could happen by 2020 at latest.
am- right, it's all in public domain, very simple
tf- time for listener questions!!
?mike- srsrocco cot analysis show banks trapped, extreme shorts may not be covered.  when paper ends does it end with bang or whimper?
am- good question, i see in broader context, banks can play these games a long time as we've seen. they are tbtf and gov sponsored.  i think that what is likely to happen,....look at bond and other crazy valuations, it will snap to reality unfortunately that is sudden.  seems to be developing that way.
tf- deliveries in u.s. have happened similar
am- additinally, the dollar yen rate broke a major level, euro is screwed as well, if greece goes ecb is under water.  headwind for gold and silver is going to be a strong dollar.
tf- other question... june 5th greece coming up, they can kick can. agreement?
am- ecb has emergency loan assistance of 80b euros.  42b euros elsewhere, all underwritten by ecb.  you have 122b losses on ecb balance sheet.  in detail equity plus reserves is 96b, so in reality the ecb busts if greek defaults.   and the euro is a young currency, since 2002 start it's already goofed up.  so to have a central bank have to run  fund raiser looks really bad
tf- question about phyzz exchange ABX, russ asks do you know of it??
am- it sounds like a platform rather than an exchange, have to see if anyone uses it.  the lbma is moving to a less informative platform, plus the chinese are moving phyzz market to shanghai, lots to compete with.  what matters is the drivers of the buyers of bullion.  mechanism is not a big deal.  london appears to be losing control of market.
if price started moving up or nato decides they should control, what do they do??  outlaw?  gold price will go higher and higher.  they're all stuck here. bullion banks are short and have a lot to cover in a crisis.  nothing govs can do that won't make it worse.
tf- we have to wait and see
thanks alasdair, tremendous info.
final four!!
ff1- own any platinum??  no, i don't see platinum as money, just a pm.  gold is ridiculously cheap, don't listen to chartists
ff2- what would you rather see, perp walk of bankers or fifa officials??  fifa should be banged to rights, and so should the other.  let them all face the consequences.  banks are important gov, they can't afford to enforce.
ff3- with gdp report coming out... have you ever seasonally adjusted???  gdp goes with macro econ which denies validity of markets, gdp is based on rubbish.  ...prostitition and drugs now included in brit gdp!  
ff4- if given 1200, do you buy gold or silver??  Silver! because the right ratio is probably 20.  when the rise goes silver will rise twice as quickly.    it is incredibly undervalued.
tf- thanks for all
am- thanks indeed
record off
will post tomorrow will send link. additionally, impending doom and reset in sept, do you pay attention to that?

am- no, i only work with what i can deduce.  no use for ta.  even support levels are shaky and nothing predictable.   now the september crash is just getting repeated from person to person.  
tf- watching where banks will buy is one thing, but chart reading...
we'll see how it goes
am- looking forward to next chat, just call.  
tf- tell james hello
am- i want to get out and about,  bitgold is acquiring goldmoney,  guy from bitgold came over and will be sending me on road shows and such.  probably going to u.s.  i like getting out and meeting people and making friends
tf- keep the faith, we'll do it again and keep watching
am- very good thanks

another excellent alasdair a2a, thanks am and tf!

kardnul's picture


Many thanks for the notes....excellent job.

Sometimes hard for this old redneck to pick up on the british accent

boomstick's picture

uh oh...

I just got email from A PM EXternal non-site-sponsoring dealer offering SALESALESALE specials. Which Turdistani picked up on a correlation between reduction of premium followed by reduction of spot?

boomstick's picture

and thanks!

Many thanks to TF, AM, and SS (for the notes)!

CPE's picture

This is fascinating

Wait until Au is the unit of account and see what kind of vertigo it instills....

snarf55's picture

Hey Turd

What's up with you missing the 1000lb. gorilla in the room in that Gold-Money has merged with BIT Gold? TSX-V (4.21 CND)

Marchas45's picture


Actually it's an English accent but how come you don't have a problem with my Scottish accent. LMAO Keep Stacking

pm_newbie's picture

such a gentleman

Such a lovely gentleman, Alasdair is pretty good too ;)

Dr. P. Metals's picture

Re tx depository

And as luck would have it, the jade helm boys (and girls) will be right nearby to ensure its safety. After all, it IS down there in that "hostile" territory.

Chiron's picture

The hostile territory

Is pretty saturated.  Flash floods in the hill country.  My wife lost a college roommate.  She and her family all were in their river house.  Water rose 25 feet in an hour.  Then rose another 10.  The house floated with them in it.  The house broke up when it hit a bridge.  All died.  Real sad.  I have been reminded to live every day like it is your last.  Tell the ones you love that you mean it.

Barfly's picture

Chiron - sorry

I've been watching that story on the news. I'm sorry you've got a connection to it. It really is a small world.

Barfly's picture

also, apparently

The Chinese stock bubble is bursting. That's a pretty big domino to fall. I'm away for a little while and all hell breaks loose.

Turd Ferguson's picture

Oh my gosh, Chiron


I saw that story on the news. Horrific and sad. I sat there stunned as Lester Holt retold the story.

My condolences to Mrs Chiron. You are correct. Carpe diem.

Safety Dan's picture

Do You Vaccinate? Better Listen To CBS 60 Minutes

Spoiler Alert - The US Government Lied To Us... And Vaccinated 46 Million which lead to $3.5 Billion awarded in lawsuits for personal injury and deaths. 

60 Minutes Exposed The Swine Flu Fraud of 1976

Note from Edgy Truth who found this information:

We wouldn’t be surprised to see this one permanently removed, so view it while you can.


This video (scroll to bottom for immediate viewing) was posted originally on TheLibertyChannel during the swine flu fraud of 2008 — the following YouTube description textwas written during that time by the original uploader:

Some observations on the current swine flu ‘crisis':

– It’s a global reprise of the US 1976 phony swine flu panic

– Just as happened in 1976, the virus is not a significant threat having very low morbility and mortality rates. And, even if it mutates into something more dangerous, the most reasonable scenario to be expected is a flu pandemic like the ones in the 60s and 70s, which, although being lethal to many, were also easily controllable, and quickly faded away. As a matter of fact, flu viruses have never been the kind of monstrous threat that is now being sold to the public. The only exception to that was the 1918/1919 pandemic which, of course, had an ideal context for lethality: the trenches of WWI Western Front and the terrible sanitary and nutrition conditions of post-WWI Europe and America, particularly among soldiers, which were the main incubators for the flu;

– So, it’s on the basis of a virtuality that the public is now being terrorized, and made to comply, with the orgy of hysteria being promoted by intellectually bankrupt pseudo-scientists, aka, the fake pharma and govt. “experts” who are more interested in promoting dangerous untested vaccines than in *reality*;

– Like in 1976, the pharmas are now being given legal immunity and liability for whatever harm is caused by their fast-tracked, untested vaccines;

– These vaccines should leave people very concerned, as they’ll be stuffed with dangerous, if not lethal ingredients (e.g., squalene, mercury, and alum), known to cause neuro-degeneration and other auto-immune widespread illnesses;

swine flu

– The vaccines may actually facilitate the spread of the pandemic and facilitate virus reassortment and/or mutation (via live viruses and nucleic acids in some of them);

– Another important part in all of this, is what has been called the militarization of medicine. The WHO has effectively set up a platform for global draconian measures, mandatory vaccinations, and martial law, via the IHR 2005 and the PIPR Guidance 2009;

– That platform is being reproduced on regional/national scales by most WHO members, most notably in the West;

– It’s not likely that the whole machinery is unleashed in the next few months. As the WHO documents themselves say, were talking about a 10-year minimum, slow motion, Fabian process. During that time, the pandemic, or other consequent pandemics resulting from H1N1 alterations, will be used to further militarize civil society and stuff everyone with dangerous, lethal, vaccines;

– This, of course, comes right in line with the paramilitarized, all-reaching surveillance infrastructure thats being set up everywhere, to allow for the economic looting of the West and for the slow motion into world totalitarianism, the ordered Platonic society thats been consistently advocated by the Euro-American banking establishment during the last 100-years;

– This process can’t be allowed to move on. It has to be stopped right now, by exposing these criminals for what they are, and refusing to comply with their new fascist-at-the-top, sovietized-at-the-bottom, world system.

Also read a good article on the 1976 congame, on the Salon Magazine:

​Makes you want to run out and get your next "safe" vaccination.

It seems to me strengthen the immune system is the goal of the Pharmaceutical companies with the vaccines. They inject 'weakened live virusto encourage your immune defense system to strengthen against it.

Here's a novel idea.. why not replace the already weakened (with age and illness), immune system with a stem cell new immune system.. Sounds complex doesn't it.. Well its not.. 

Fasting triggers stem cell regeneration of damaged, old immune system


From another article: Regular Fasting Does Show Health Benefits

Dr. Benjamin D. Horne studied why many practicing Mormons in Utah have less heart disease than other folks. It turns out their practice of abstaining from everything but water for 24 hours every month may contribute to overall heart health and lower risk of diabetes, too. Researchers found that levels of "good" HDL cholesterol rose while "bad" LDL cholesterol and blood fats like triglycerides fell during the fast.

But that doesn't make the Big Pharma's & medical personnel much money.. But that's ok as they have made much money after suppressing for almost 60 years the truth:

 Vaccine Dangers


Suppressed Facts About Vaccination

By Eleanor McBean



Since fasting (the foundation of healing) is not taught in the schools, not even medical schools, where healing should be taught, how shall we learn the correct technique of this important healing measure. Few writers are sufficiently experienced in fasting to be qualified to write on this subject, therefore there are only a very few dependable books available that should be used as guides. As wonderful as the fast is in eliminating pain, and disease it should be preceded by a thorough study of the technique of fasting in order to know what to do about the reactions or healing crises that occur from time to time as the accumulation of toxins are brought into circulation to be eliminated. These reactions may be in the form of fainting, vomiting, diarrhea, coughing or some other violent cleansing effort. Unless the patient understands the situation he may become alarmed and call a doctor who would give drugs to suppress the discharges. All drugs are poison and poisons at this critical time could cause death. The most experienced fasting authority in this country is Dr. Herbert M. Shelton who has fasted thousands of patients with almost miraculous results. Therefore, his book on fasting, (Volume II— of THE HYGIENIC SYSTEM) is the standard authority on the subject. THERAPEUTIC FASTING by Arnold De Vries is another reliable book. This author fasted 45 days to test this system after studying many of the best books on the subject. There are several other books that cover the subject of the fast but do not give sufficient data on breaking the fast and how to follow it up. Much more on fasting at the above link.

Here's a question, why if vaccinations protect so well, do others worry about those who don't vaccinate?

And to help for further checking on vaccinations product inserts: 

How are vaccines evaluated for safety? A review of some Prevnar studies on InsideVaccines

*All data herein is from the manufacturer’s package inserts.

Regarding minute toxins, like materials within vaccinations, are you familiar with the Merk Manual in medicine? Look up Mercury... and keep in mind this is ANY amount of Mercury.. or Aluminum like used in HPV vaccine. Or better yet read about how it was tested at the above link of vaccines with the inserts.. I asked my daughters and their daughters to stop taking the HPV after reading how it was tested. Furnished the testing info and they stopped vaccinating HPV. 

tanderson's picture

Big pat on the back for Safety Dan

I like your work Safety Dan,,,, Bechamp or Pasteur by E.Douglas.Hume ,,,& Toxemia Explained by J H Tilden.  If you can understand what is in those two books & live by what is taught therein you will never have to darken the door step of a doctor for ill health again.  Pasteur has been to our physical health what Ben Bernanke & his ilk have been to our stacks.All of us here know that the price of pms are managed for the benefit of the few but how many know that germs,or a virus,are not the primary cause of sickness....God says we are to prove all things & hold fast that which is good,,,,that is what i did with those two books if you do what i have done you also will know that vaccines are a pile of bull crap                                                                                   

Dingo's picture

Chinese gold strategy

Maybe the gold community at large (including myself) has been making too many presumptions on what the Chinese might do with their vast gold horde and debt paper. These guys might enjoy letting the can get kicked down the road for another decade or so. Of course this is just a wild guess, however, no wilder than any other hypotheses being floated around. 

By scratching beneath the surface of Historical events such as the world wars and Cold War. We can observe bizarre financing and business dealings, that would be considered as rife high treason, from the higher echelons on all sides by orthodox thinkers. It's not until we arrive at a high level of unorthodox thinking that we start to be able to postulate about current events and particularly about how they don't seem to be unfolding in any sort of predictable way.

Our gold community is full of wonderful, yet alas, orthodox thinkers. We find it difficult to imagine what sort of deals could ever be struck in the occult world of the socio-political-tyrannical stratosphere. I keep guessing what they might do and keep guessing wrong. However if I had lived as an average person in the 30&40s, I wouldn't had a clue about guys like Averil Harriman, Hjalmar Schaact, Max Warburg, Bill Donovan, Prescott Bush, IG Farben company and many other traitors to their respective countries making deals that led to great suffering to their fellow countrymen. I have a feeling that the same sort of shit is happening today. It's probably my only sure thing guess though.

Hammer's picture

Money is flooding out of

Money is flooding out of Greek banks — and deposits just hit an 11-year low


brokerk22's picture

All the talk

about this whole charade lasting decades is complete bullshit.  I'll admit it has gone on longer than most thought (including myself) but it wont very much longer (a few years at most).  This ponzi scheme is already running on fumes and the east smells blood.  You can already feel the confidence in the system fading fast.  So I am getting sick of the tireless "this can last for decades" rant.  It wont and it cant.

Pining 4 the Fjords's picture

GDP revision giving metals a bid

So revised Q1 GDP was actually a negative print ( -0.7). And a huge inventory buildup accounted for 2.3% of GDP, without which it would have been a shocking -3 . Bad, bad economic news. Taper off?

PM's getting a nice bid so far, wonder if this is going to throw a monkey wrench into the commercial short position. Could we see a bear squeeze developing? Stay tuned...

pbfurn's picture


All the talk

Submitted by brokerk22 on May 29, 2015 - 10:10am.

Hat Tip!


about this whole charade lasting decades is complete bullshit.  I'll admit it has gone on longer than most thought (including myself) but it wont very much longer (a few years at most).  This ponzi scheme is already running on fumes and the east smells blood.  You can already feel the confidence in the system fading fast.  So I am getting sick of the tireless "this can last for decades" rant.  It wont and it cant.


I so pray that you are so presciently correct!  I am old and very, very weary of the criminality and bs. I would like to be around to help my children and grandchildren navigate the aftermath. Thus far, the forces of darkness appear very formidable to me. Hope I am very wrong and you are very right.


Flying Wombat's picture

"baseline in 2009"


It's only within the last 60 days that mainstream analysts have started talking about China making a gold declaration soon.  Those are the people that fumble the 2009 baseline.  It's important to distinguish between them and what is now a new large pack of analysts within the gold bullion universe that are talking about China's pending declaration, as well as the gold analysts that talked about this for years (most not setting a time window for declaration, but still, there were some that did - Rickards to some extent, myself, etc.)

Eric Dubin

vonburpenstein's picture

Great work ss121...And here we are...

....screwing around with what the fucking definition of marriage is in this country...

Flying Wombat's picture

China Renminbi SDR Basket Inclusion: G7 Agree In Principle

China Renminbi SDR Basket Inclusion: G7 Agree In Principle

TND Exclusive: Eric Dubin

Full story: http://thenewsdoctors.com/?p=466883

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