Alasdair Macleod

Contributor since: 23 Jul 2012

Contact Contributor

Biography

• Breaking $1200

  Published 20 December 2013 | viewed 0 times

  This was the week the Federal Open Market Committee decided to start tapering. The result was gold traded below $1200 yesterday for the first time…

• Tapering: Join the Dots and End Up With ZIRP

  Published 19 December 2013 | viewed 0 times

  Now we know: The Fed is going to purchase $75bn of assets, a reduction of $10bn a month. The two other bits of information that…

• Fiat Money Quantity Hits New Record

  Published 18 November 2013 | viewed 0 times

  Following the recent publication of FMQ figures, please find below a comment by Alasdair Macleod, Head of Research for GoldMoney. 'Based on the monthly figures…

• Untangling Gold at The Bank of England

  Published 31 July 2013 | viewed 0 times

  From 2006 the Bank of England's Annual Report has declared the quantity of gold in its custody, including the UK's own 310 tonnes. Prior to…

• Gold Derivative Distortions

  Published 22 July 2013 | viewed 0 times

  The purpose of this article is to explain how derivatives have distorted gold prices with particular reference to the US futures markets. This will enable…

• Gold Versus The Money Supply

  Published 15 July 2013 | viewed 0 times

  In a recent article I introduced the concept of allowing for the increased quantity of aboveground gold and the expansion of the quantity of dollar…

• The Problem With Regulation

  Published 08 July 2013 | viewed 0 times

  It is seems to be universally agreed that regulation is a good thing, ensuring that people are treated fairly by unscrupulous businesses. Regulation is a…

• Russia and China Building Their Gold Reserves

  Published 01 July 2013 | viewed 0 times

  Western economic commentary on China and Russia is usually coloured by monetarist assumptions not necessarily shared in Moscow and Beijing. For this reason, Russian and…

• The Deflationist Error

  Published 24 June 2013 | viewed 0 times

  Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They overlook…

• Gold is Being Supplied by Western Governments

  Published 17 June 2013 | viewed 0 times

  There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash. The…

• The Geopolitics of Gold

  Published 27 May 2013 | viewed 0 times

  Western central banks have got themselves horribly wrong-footed as a result of not adjusting their anti-gold policies to allow for the realities of Asian gold…

• Bank Balances and Gold

  Published 20 May 2013 | viewed 0 times

  There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently…

• The Role of GLD and SLV

  Published 13 May 2013 | viewed 0 times

  In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver…

• The Case Against Deflation

  Published 06 May 2013 | viewed 0 times

  Regular readers will know I am in the inflation, possibly hyperinflation camp; but there are those that think the future is more likely to be…

• Goodbye to Austerity

  Published 29 April 2013 | viewed 0 times

  There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told…

• Manufacturing Prowess Based on Sound Money

  Published 17 April 2013 | viewed 0 times

  The ability of a business to maintain accurate and meaningful accounts is undermined by the debasement of the accounting medium, fiat currency. Understand this and…

• Gold Price Suppression: The Game Goes On

  Published 08 April 2013 | viewed 0 times

  The slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong.…

• Cyprus Triggers Preference for Goods

  Published 02 April 2013 | viewed 0 times

  Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports,…

• Money Supply Accelerating

  Published 25 March 2013 | viewed 0 times

  The monthly figures for the US dollar components of Austrian, or True Money Supply, for February are now in. TMS plus excess reserves amount to…

• Welfare Costs Rapidly Escalating - Everywhere

  Published 18 March 2013 | viewed 0 times

  Many of us are aware of Professor Laurence Kotlikoff of Boston University's calculation that the net present value of the US Government's future liabilities rose…