A2A with Alasdair Macleod of GoldMoney

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A simply fantastic webinar today with our old pal, Alasdair Macleod of GoldMoney. This baby checks in at slightly more than an hour but I can assure you that it will be worth every second of your time.

We began today's call with a discussion of the impact higher LIBOR rates will/are having on the global economy. Alasdair wrote about this again today: https://wealth.goldmoney.com/research/goldmoney-insights/on-being-an-fomc-member and this piece from KWN should be reviewed, too: http://kingworldnews.com/alasdair-mcleod-just-issued-an-ominous-warning/

From there, we discuss topics such as:

  • The move to make gold-related investments like GLD "sharia compliant" for the Muslim world
  • The upcoming G-20 meeting and SDR changes
  • The impact higher rates would have on the world's banks
  • Why the Swiss national Bank is buying mining shares
  • And much, much more.

Again, this was a fascinating discussion and the time you spend listening will be time well spent.




LostMind's picture

Oh wow the feeling of being Number 1....

Oh relishing this moment... holding it.... yes.... oh good gawd this feels good....laugh

Ok. I can now let it go....

Excellent A2A Craig. Thanks for asking about the Standard of Living and "timing".

I firmly believe the US will be much like the Brexit and Mexican devaluation; life will go on! We will just have a Crappy Standard of Living. The only difference is that we have so much hate and anger built up in this country... That would be the "place" violence" would come from.

lnardozi's picture

Am I Golden?

Nope, Silvery

Jager06's picture

Third Ya'll!

Getting close to a number uno soon-o!

Marcrward's picture

Head first

Fourth, great interview!

The question I wanted to ask of Alasdair was: do you consider fiat currency money? 

He used the terms inter-changeably, that's the mind manipulation everyone is caught in it appears to me. Thoughts?

Turd Ferguson's picture

Updated POSX chart


Recall that we discussed this chart in yesterday's podcast. Here's an updated look. Ummm...it appears that tomorrow will be a rather important day:

Danforth Coxwell's picture

Now to listen…..

Hope to see $1360 fall in the next 24 hours!

SilverHunter1985's picture

Go for the Gold

Marcrward's picture

Wonder what Bix will have to say....

The Federal Reserve is now on Facebook as of 18 August 2016.

Get up for it, ha.


Wonder they own some stock in it?

RickshawETF's picture

Eighth, morning and afternoon

Eighth -- both posts today . . .

47 Protons's picture

top 10

great A2A!!!

USD/JPY @99.9ish

streber's picture

I guy I trust, James Flanagan @

Gann Global Financial

"This historic 188% advance in PM stocks was preceded by a classic bear trap at the lows.  Will the stock market do likewise here at new highs with a bull trap?  We're going to find out shortly."


He's inclined toward HUI breaking higher and SnP collapsing.  He is in no way a 'bug.'

forever20's picture

12th? great A2A

Inflation / Gold Up / Miners fly - Boom!

Marchas45's picture


He looks innocent in the photo but in real life it seems that he's a complete spoiled brat, liar, drunkard, also accused of destruction of property and it's assholes like him that gives America a bad name. If guilty of those charges I hope they throw the efen book at him. Keep Stacking

Docdhj's picture

Something is up in The Treasury Dept

Check out this Executive Order that was recently signed.

Something is up big time!


Executive Order -- Providing an Order of Succession within the Department of the Treasury

Description: image

Executive Order -- Providing an Order of Succession with...



Revelation21.21's picture

A to A

Fantastic interview !

Thanks TURD for having Alasdair on !

Marcrward's picture

Success in Crowdfunding

Koos, maybe you found an evolving way to raise money within the Gold and Silver stacker/trader community.

Also, maybe you should put the funds in an attorney managed escrow account to ensure you actually receive these "1,200 pages".

Marchas45's picture


Also get yourself a Paypal account if you can so we that don't use credit cards can send you funds via Paypal Friends and that way it won't cost a fee. Thanks for doing a great job. Keep Stacking

crylandjr's picture


One of the best A2As in a long time! Have followed Alasdair for years, one of my favorite people in the hard money world. Great job interviewing!

canary's picture

GLD lost 1.79 tonnes

SLV gained 68 tonnes today.

flipper22's picture

Where are your advertisers Turd

Turd, I'm trying to stack but I don't see your Bullion Exchanges ad to click on to give you credit. What's up with that?

Guardian of the blind's picture

Hoi Koos,

Just what another one said. Not everyone has a creditcard, including me.
Have none, and don't want one. 

Revelation21.21's picture

Bitgold and Gold money question

After the A to A  I  investigated Gold Money site.

I remember Turd forwarding a question about consumer service.  It looks like email is only method available for personal and business acct. The larger acct. has chat and email

That said,  I am very interested in Gold Money Personal.

Does anyone have comments on tax implications, if any, and therefore, recordkeeping

requirements for US  account holders?

canary's picture

Looking at gold's graph.....

                 Preparation for Friday's ritual.

Fred Hayek's picture

Sincere environmentalism should embrace precious metals not fiat

I was having a conversation with somebody who is of the decidedly earthy crunchy persuasion.   Off the top of my head I started telling him that he should be completely in support of precious metals and of a real, full bore gold and silver standard. 

At first he was slightly resistant.  I never really got him completely on my/our side but at first he was resistant because he said that mining is a very dirty business, very hard on the environment.  I conceded that open air mines, I'm sure that's not the right term, are tough on the environment.  But (I'm sure I'm phrasing this better now after I've had more chance to think about it) I made the point to him that a fiat currency inherently works against the promotion of sustainable living.  Because a fiat currency and even worse one that comes into being as debt requires that the game be ever expanding or the system blows up.  It inherently works against sustainability because it's predicated not on recognizing limits but unlimited expansion. 

So, sincere environmentalists should all support precious metals and, more specifically, a fully convertible metal backed currency because it forces the economy to live within natural limits. 

I also (again probably haphazardly compared to writing this) brought up SRS Rocco's brilliant point that physical gold and silver have a tremendous edge over paper and electronic assets in that the value of gold and silver has already been obtained.  Other assets are simply promises that something will be done to give those things their expected value.  If you own shares of stock of XYZ corporation then their value is based on the expectation that, in the future, XYZ corp. will produce oil or sell retail goods or build computers or smart phones such that your shares are worth a certain amount.  If you own bonds, they're ascribed a certain value based on assumptions of future corporate or political revenue. 

I'm curious if others on the board have tried to make this argument to environmentalists.  I only got a bit of uncertainty from the guy I was talking to but there really does seem to be a possible fit here if an environmentalist will let go of the rest of the liberal/progressive package deal.

Rakka's picture

Rakka comments on Bitgold & Goldmoney w/James Turk

This is my post from July A2A with Jim Turk, and for all considering Goldmoney personal account

I dont how many been considering getting some shares of GM/Bitgold; i set-up an account with Turd as my sponsor. I dont have GM account. I always thought James Tuck was nice grandfatherly guy, but he ended up being wise & way ahead of the pack

I was very suspicious & wary when they both merged a year ago; but this company is going to be bigger than PAYPAL, which I hate using Paypal, No Ebay for me either.

We have alot of Texans out their saying, "All hat, no cattle"; so I really thought the Bitgold was way over-hyped, but the company has 1 million users, very easy to sign-up & begin saving in gold w/free storage, etc.

in the past year, bit gold have 48 million buck in small factional gold, free storage in very many locations around the world out of banking system.

I got my gold money prepaid debit card, many times better than my expectations, I have been adding small amounts every week, all of this is linked to my VISA credit card, and my checking accouts.

Dave Kranzler has been piling alot of money into this account, really valuable for price of gold up, but also, its his gold checking account or Gold Card.

Bitgold has now opened up a for you small business owners to pay your employees, in gold, its really growing and many bitgold customers are using the allotment for an allotment to their paycheck.

I added mine, so now I have credit card, checking, an 2 times month allotment to my gold checking account, I can use this card against my entire stack of bitgold, so my checking account is safe and available.

I dont like the bitgold cubes and I havent withdrawn anything yet, but I can tell you the good feeling i have for this company.

Another thing I dont like is arrogant Peter Schiff, but he finally climbed on board, and kind of admits he was jealous of the ability of bitgold to do exactly this for free, when he was mugging fees of 1 arm & one leg.  Anyway, he Schiffgold is on-board, I dont like him, no worry. The banking accounts will grow.

I think BitGold will be multibillionares. I havent bought any stock yet, just making observation that this company has way over-delivered my very low expectations.

Any other thoughts?

Rakka's picture

Add Rakka comments

Honestly, I couldnt believe any of their ideas or claims

But they definately make it very easy and making it better every day

I am like you, adding on down days

my only fiat in bank, is min amount to keep checking from a monthly fees

The coin industry will get pulled in this also...so another good thing

I have sent gold to friends & they started an account

Dave Kransler & Rory Hall made me understand the fiat bank vs bitgold, lights went on for me at that point

Rakka's picture

Rakka Bitgold Gold Money

Last time I posted this I got 5 new adds to my account, thanks to Turdville

if anyone is on the fence for Bitgold account,

here is my link:


You can be signed up in less than 10 mins

check it out, with no min required to account

Rakka's picture

Koos J A2A

Really cool that all you guys sent help to Koos

I had requested we have Koos back for A2A

before the Labor Day Jack-Ass :)

Thanks again Turd!!!

James Crighton's picture

Marcrward - 6:51pm post

Marco - this is where bitcoin's immutable ledger would be perfect.  One day, methinks not too far off, people will see the light.


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