In this latest interview, Brian and Darryl Panes from As Good As Gold Australia talk with Alasdair Macleod, Head of Research at GoldMoney.com and Advisor to AGAGA.
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia talk with Alasdair Macleod, Head of Research at GoldMoney.com and Advisor to AGAGA. Alasdair envisages some real horror stories developing within the global economy. A FIAT currency catastrophe is coming, and we are running out of time to prevent it from happening. Central Banks are at risk of being completely wiped out, as interest rates continue to escalate. Forget about kicking the can further down the road, there is no road to kick the can any further. Interest rate management is so vital in maintaining a sound economy. The purpose of interest rates is not to price money. The purpose of interest rates is to reflect the market's expectation of the purchasing power of the currency in the foreseeable future. If you don't believe the Keynesian cool aid with interest rates, you are not going to want to own $$$ because the purchasing power of your dollars are not going to be compensated for. Alasdair says the Central Banks have got it all wrong, and the majority of people, unfortunately will lose in an unsound money environment. Precious metals, gold and silver are your best form of protection in this rapidly deteriorating economy - you have been warned.