Precious metals, finance, and economic analysis by Alasdair Macleod
Alasdair Macleod is a senior economist and Head of Research at Goldmoney Inc. With over 50 years of experience in banking and monetary policy, Macleod authors a weekly analysis column distributed through Substack and GoldMoney Insights, often addressing the intersection between gold, fiat decay, and Bitcoin's scarcity model.
In 2025, Macleod joined debates on central bank digital currencies (CBDCs), warning against programmable currency risks while supporting Bitcoin’s role as a non-sovereign reserve alternative. His articles are syndicated across over 30 financial news platforms, and his podcasts remain popular with macro investors and sound-money advocates.
Macleod provides historical depth and gold-aligned perspectives that contextualize Bitcoin as a monetary hedge in an age of monetary overreach.
Alasdair Macleod: Gold and silver open interest drops to lowest level in over a decade
Alasdair Macleod states that open interest in both gold and silver has fallen to its lowest level in over a decade. The comment highlights a significant reduction in market participation for these ...
Gold expected to resume its historic surge, Alasdair Macleod warns
Alasdair Macleod warns that 2026 has brought significant alarm signals for financial markets. He asserts that despite these warnings, gold will resume its historic upward ...
Alasdair Macleod: Chinese banks accumulate gold as interest in bullion drops in NY and London
Alasdair Macleod observes that disinterest in gold and silver has reached all time lows in New York and London. He adds that this has enabled Chinese banks to expand their bullion holdings to ...
Major sectors see long interest from investors, Alasdair Macleod notes
Alasdair Macleod draws attention to market participants holding long positions in key commodities and related sectors. The assets highlighted include gold, silver, mining stocks, oil, fertilizer, ...
Alasdair Macleod: Gold and silver catalysts emerge as prices fall below 2008-2009 lows
Alasdair Macleod highlights significant developments in gold and silver markets as both metals experience new catalysts. He notes that prices have dropped below the lows seen in 2008-2009. The ...
Investors face potential collapse of U.S. dollar and G7 currencies, Alasdair Macleod warns
Alasdair Macleod alerts investors to the potential for a rapid collapse of the U.S. dollar and other G7 currencies. The commentary highlights concerns over major fiat currencies and urges readers ...
Alasdair Macleod: U.S. stock market depends on credit, China targets production
Alasdair Macleod draws a distinction between the U.S. and Chinese approaches to credit. According to Macleod, the U.S. stock market is sustained by extensive credit, while in China, credit is ...
Oil falls and stocks rise on peace talk optimism, Alasdair Macleod notes
Alasdair Macleod comments on recent market moves, stating that investors are responding to remarks by U.S. President Donald Trump suggesting a peace deal may be near. According to Macleod, this ...
Alasdair Macleod: Bull market in stocks running on hope
Alasdair Macleod shares a comment from Rob Arnott, highlighting that the current bull market in stocks is advancing on optimism rather than strong fundamentals. The tweet raises questions about ...
Gold and silver markets see gains, Alasdair Macleod notes
Alasdair Macleod shares an optimistic view on the gold and silver markets. According to the latest update, these precious metals are experiencing favorable conditions and notable upward momentum. ...
Alasdair Macleod: Gold and silver miners surprise Wall Street as a key measure falls to historic low
Alasdair Macleod highlights that gold and silver mining companies are delivering unexpected results that have taken Wall Street by surprise. He also points out that a significant indicator has ...
Gold and silver imports delayed by Indian customs, Alasdair Macleod notes
Alasdair Macleod, industry influencer, reports that Indian customs are causing delays in gold and silver imports. According to Macleod, this is leading to pent-up demand for these precious metals. ...
Alasdair Macleod: Turkish bank swaps being unwound in monetary operations
Alasdair Macleod, industry influencer, observes that swaps with Turkish commercial banks are being unwound as part of broader monetary operations. This indicates a shift in Turkey's approach to ...
Fed decision may drive gold and silver higher, Alasdair Macleod notes
Alasdair Macleod, industry influencer, highlights the potential for a Federal Reserve decision to act as a significant bullish catalyst for gold and silver. The statement draws attention to ...
Alasdair Macleod: Iran war accelerates global debt growth
Global debt is accelerating even more rapidly due to the ongoing Iran war, according to a tweet by Alasdair Macleod. The conflict is described as a catalyst driving both gold and silver markets. ...
China increases physical silver purchases following market decline, Alasdair Macleod notes
China has moved aggressively to purchase physical silver following a downturn in the silver market. According to Alasdair Macleod, China ramped up acquisitions after the recent drop in silver ...
Alasdair Macleod: Gold is money without counterparty risk as fiat currencies weaken
Alasdair Macleod argues that gold serves as money without counterparty risk at a time when fiat currencies are in decline. He asserts that this fact is well understood by central bankers ...
UBS report confirms Turkey gold dealings, Alasdair Macleod confirms
Alasdair Macleod highlighted recent developments in Turkey's gold dealings. He indicated that a UBS report has confirmed points he previously wrote about on this topic. Details beyond the mention ...
Alasdair Macleod: Situation now worse than 1970s as gold lags expectations
Alasdair Macleod raises concerns that the present economic environment is notably worse than what was experienced in the 1970s. In his latest comments, Macleod questions why gold has not met ...
Market prepares for major upside move, Alasdair Macleod notes
Alasdair Macleod suggests that significant fortunes could be made as markets appear poised for a major upside surge. The tweet highlights anticipation of a strong upward movement, although no ...
Alasdair Macleod: Sees economic depression, bail-ins, capital controls and bank closures
Alasdair Macleod signals concerns about the economic outlook, highlighting risks of depression, bail-ins, capital controls, and bank closures. In his statement, Macleod draws attention to a ...
