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: Silver backtesting phase nearly complete before potential surge
Alasdair Macleod stated that silver's backtesting phase is close to completion and suggested the price could rise to hundreds of dollars per ounce. No additional details were provided in the ...
Bullion banks can impact silver prices through contract creation, Alasdair Macleod notes
Alasdair Macleod questioned why silver remains weak, stating that the issue is not related to supply and demand. According to Macleod, silver's weakness is a phenomenon driven by paper markets, ...
Alasdair Macleod: Gold ETF activity surges as gold price remains below $4,200
Alasdair Macleod questions the recent surge in gold exchange-traded fund activity, observing a notable disconnect between ETF flows and the actual price of gold, which is around $4,100. Macleod ...
Oil and bond yields climb as markets reduce focus on currency risk, Alasdair Macleod notes
Alasdair Macleod notes that both oil prices and bond yields are rising, while discussions of war circulate. He observes that markets are responding by downplaying the risks associated with ...
Alasdair Macleod: Gold has quadrupled since 2015 low while U.S. dollar has strengthened
Alasdair Macleod highlights that gold has quadrupled in value from its 2015 low even as the U.S. dollar has risen over the same period. His comment points to the simultaneous appreciation of both ...
$153,000 gold forecast and U.S. dollar collapse warning, Alasdair Macleod warns
Alasdair Macleod warns that gold could reach $153,000 and points to a potential collapse of the U.S. dollar. The statement includes a reference to billionaire Frank Guistra, who also shares ...
Alasdair Macleod: Gold and silver open interest stays low as war continues in crude oil regions
Alasdair Macleod highlights the continued weakness in open interest for both gold and silver. He observes that this trend persists while conflict is ongoing in countries associated with crude ...
U.S. debt collapse is coming and Big Short may repeat, Alasdair Macleod notes
Alasdair Macleod highlights concerns raised by Ray Dalio and Michael Burry regarding the U.S. economy. Dalio argues that a U.S. debt collapse is imminent, while Burry warns of a potential repeat ...
Alasdair Macleod: Silver market faces historic moves and near record lows
Alasdair Macleod describes recent developments in the silver market as historic and states that prices are close to their lowest levels in history. The comment highlights significant changes and ...
Rising demand expected to lift gold and silver after low open interest, Alasdair Macleod notes
Alasdair Macleod highlights that recent markdowns in gold and silver are a bullish indicator. He explains that open interest on Comex contracts for both metals is currently low, suggesting that ...
Alasdair Macleod: Gold and silver markdowns tied to futures expiry
Alasdair Macleod highlights that the recent sharp markdowns in paper gold and silver prices are driven by the expiry of futures contracts. He explains that the establishment, including swaps and ...
Financial markets may decline sharply and gold could surge, Alasdair Macleod warns
Alasdair Macleod warns that a collapse in financial markets could occur with little to no warning, potentially leading to a rapid rise in gold prices. The statement highlights concerns about ...
Alasdair Macleod: Yen recovers as markets expect BOJ rate hike on Sept 18th
Alasdair Macleod observes a sharp recovery in the yen overnight. He highlights that markets are now expecting the Bank of Japan to raise interest rates by 0.25% to 1.25% on September 18th. ...
Gold surges to new positive trend and targets $8,000, Alasdair Macleod notes
Alasdair Macleod highlights a shift in momentum for gold, silver, and mining stocks, indicating a positive trend. He references analysis from Michael Oliver, who projects that gold could move ...
Alasdair Macleod: Selling dollars for gold could offset decline in dollar value
Alasdair Macleod suggests that a lack of alternatives could undermine the value of the dollar. He points to the possibility that this dynamic may lead people to consider selling dollars in favor ...
Chinese banks will end gold and silver leveraged facilities Friday, Alasdair Macleod notes
Alasdair Macleod reports that major Chinese banks are set to withdraw leveraged facilities in gold and silver tomorrow, which falls on Friday. According to Macleod, this move by commercial banks ...
Alasdair Macleod: Gold forms major bottom after correcting from $5,600
Alasdair Macleod suggests that gold may have completed its recent correction after pulling back from $5,600 and appears to have established a major bottom. The statement points to a potential ...
A stronger gold close could drive gains for monetary metals, Alasdair Macleod notes
Alasdair Macleod highlights a view from Michael Oliver that a gold price close above a certain level may trigger upside movement for the broader monetary metals complex. Macleod emphasizes that ...
Alasdair Macleod: 2014 Chinese gold prediction now unfolding
Alasdair Macleod highlights that a top Chinese official's prediction regarding gold made in 2014 is now coming to pass. The comment points to developments in the gold market that correspond with ...
NY Fed President Williams signals optimism on inflation outlook, Alasdair Macleod notes
Alasdair Macleod highlights recent remarks by New York Federal Reserve President Williams, who stated that inflation is “unquestionably too high” but noted several reasons to expect it has ...
Alasdair Macleod: Japan faces risk as largest debt-dependent economy
Alasdair Macleod suggests Japan may be on the verge of a major financial crisis, referring to the nation as the world’s largest debt zombie and stating that it is about to fail. His comment ...
