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MacleodFinance Substack

Alasdair Macleod
Thousands of paid subscribers

Dedicated to explaining why gold is money and the rest is credit. Dedicated to explaining economics relevant to the preservation of wealth. And dedicated to explaining geopolitical developments relevant to investors.

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Latest Issues

An MOU is NOT an agreement

Trump is telling the world that an agreement will be signed immediately ending the Hormuz crisis. He’s wrong on both. It will only be a Memorandum of Understanding — an MOU.

“It is against this background that we must consider the dollar’s...

2 days ago
85
30
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Interview with Aaron Hoddinott

“Gold just suffered one of its worst corrections in a decade, silver has been crushed, and precious metals investors are asking the question nobody wants to ask: did gold fail the test? In this interview, Alasdair Macleod argues that the go...

3 days ago
30
5

Gold in time of war

Currencies are debased during and after wars, because government spending goes through the roof not just due to defence spending but also because of the economic consequences.

Financial markets, particularly in North America and Europe are...

4 days ago
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24
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Silver demand is still off the scales

“Alasdair Macleod believes the silver market is facing a powerful convergence of forces that investors may be underestimating. In Part 1 of this interview, Macleod argues that silver is being mispriced by markets despite persistent supply d...

5 days ago
52
9

The commodity squeeze worsens

Spot oil prices have yet to adjust to the oil shock emanating from the war against Iran. There’s further bad news: Hormuz is unlikely to open until the US admits defeat.

For a war that was originally going to last only three or four days,...

6 days ago
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  • Alasdair Macleod

    Educator for sound money, economics, geopolitics, and everything to do with gold and silver.

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