An Interview With Alasdair Macleod

Tyler Durden's picture

Yesterday it was Ambrose Evans Pritchard, today, in this 2nd of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars has a City of London streetside conversation with Alasdair Macleod right outside the Dutch reform Church in Austin Friars near the Bank of England. Together they talked about, inter alia: the challenges for The London Bullion Market Association (LBMA); China’s appetite for gold; the Shanghai Cooperation Organization as THE future player in the gold market; and the problems related to Germany’s gold at the New York Fed.

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Grande Tetons's picture

Just me...or does this guy look like Ed Harris after a bender? 

Bernoulli's picture

He kind of reminds me of Max Mosley. Just with a bigger nose and less hair.

SafelyGraze's picture

alistair sez

5:50 with the internetz and everything, you get Conspiracy Theorists

this means you, mister Gata

ditto for the rootites

Notsobadwlad's picture

That is just saying: "With the internet people are able to share information that was otherwise kept private at the gentlemen's club". It's beastly and uncivilized, you know, giving the common people the truth.

Just another douchbag ...

tenpanhandle's picture

He calls them conspiracy theorists but does not come out and call them wrong.  On the contrary, during the interview some of his answers and remarks reinforce some of the conspiracy theorist views.

Spitzer's picture

Reminds me of the GM CEO that Obama fired

SafelyGraze's picture

alistair sez

7:30 [why is gold money?] asia regards gold as money. it's as simple as that. as keynes said, it's a barbaric metal. or a barbarian standard. or barbie's haircolor. or whatever it is. but asians think of it as an Investment Medium amongst their own people. 

SafelyGraze's picture

alistair sez

10:00 for the farmer, for the lower middle class, the people who just manage to put a little bit aside for the security of their families, for *them* gold is the preferred Investment Vehicle. 

Notsobadwlad's picture

Lol, investment vehicle? transalted: hunk of shiny yellow metal, collecting dust with the hope that when you want to sell it someone wants to buy it.

tenpanhandle's picture

Might as well LOL now because later you'll be crying your ass off.

SafelyGraze's picture

alistair is a Conpiracy Theorist

14:00 the german gold supposedly held by the NYFed does not exist


Notsobadwlad's picture

And yet, there is never, ever, ever, ever any shortage of gold.

It is being held somewhere by someone for ransom... maybe not the Fed.

NOTaREALmerican's picture

He's definitely not as good looking as Jessica Alba,  why should I beleive him?

Dame Ednas Possum's picture

They're not just grinning because they're in the Billionaire Boys (and girls) Club - where's his right index finger?

Bernoulli's picture

So looking forward to the day when the physical "runs out" (nobody wants to sell).

It will be awesome.


NOTaREALmerican's picture

When the physical runs out, only the outlaws will have physical. 

Bernoulli's picture

may be true for some countries. but for others not...

NotApplicable's picture

To be obscured by tungsten, trade wars, capital controls, Ebola, terrerrestism, and likely Thetans (in no particular order).

Good luck! We're all counting on you.

Bernoulli's picture

"Biggest transfer of wealth from west to east in all of human history"


Oldrepublic's picture

and he says, that China and Russia are attempting to corner the world's gold market

THE DORK OF CORK's picture

Dutch reform church ?


The city is not English ground.

Alasdair Macleod represents evil.

eddiebe's picture

From the standpoint of a 'gold-bug' Mcleod has a much clearer understanding of what is going on with gold and its place in central bank shenanigans than Pritchard. While neither actually stated that there was gold manipulation in the markets, at least Mcleod acknowledged that western central banks didn't have the gold they claim they have. He just seemed to be much more forthcoming with what information he has, where Pritchard seemed to hedge for whatever reason.

SafelyGraze's picture

"While neither actually stated that there was gold manipulation in the markets"

in fact, both scoffed at any such "conspiratorial" suggestion

and yet alisdair himself affirmed that the nyfed didn't have the german gold

but that action would be manipulation (and conspiracy since the german bank doesn't rage about it)

both gentlemen reeked of controlled opposition-ism

lars schall, outstanding job


HardlyZero's picture

McLeod is head of research at GoldMoney, so has Gold in his viens and brains.  And GoldMoney based in Jersey and headed by James Turk is at the forefront of the next tangible currency.  Both Turk and McLeod worked at the high-end of the finance, and for many foreign clients out of London.  So for McLeod to talk Gold and conspiracy is expected and fully backed by James Turk.  James Turk has written a few books and the short primers have what are his opinions on these matters Gold.  Turk and McLeod support each other.

Ambrose Evans Pritchard works for the Telegraph newspaper...and remains highly placed there, and must support all forms of money, finance, and capital.  So Ambrose has to hold back and keep to the straight course.

I ardently follow all three in what they say for the last decade.  They all say the same things in different ways.  Pritchard did mention a coming Debt Jubilee last (night) Matterhorn they are all pretty much agreeing where this debt is going.  And when the debt goes, then so will fiat.

In my view Gold is a good way to bridge the economic and policy gaps, and can help bridge any gap.  Silver less so, but both precious.

I like these Matterhorn to see and locations.

THE DORK OF CORK's picture

A distributionists attack on both banker paper or gold standards.

Why accept either ?

Good stuff Starts at 1 hour

"Bretton woods good ?????????? , I don't buy it"

"These ghouls are forcing our lifeforce ever further up the Pyramid"

THE DORK OF CORK's picture

The bankers are in it for the Usury

Interest off credit or Gold.

Whats the difference ?

The bankers don't care about settlement - they never have.

Was pre 1914 UK Gold standard in settlement.


Imperial powers can never settle.

It would mean they are no longer Imperial.

THE DORK OF CORK's picture

This is a libertarian who defends the sweat shops of China.

Hint hint lads

Wake the fuck up.

"when I hear these guys talk I just want to kick them in the balls"


Latitude25's picture

He definitely gets it with Asia.  No matter what the western propagandists say Asia is unstoppable.  Hedge accordingly.

IMACOINNUT's picture

What's with the background noise. The longer they talk, the louder it got.

TheRideNeverEnds's picture

pfft, just another crackpot touting gold as money.  I went down to Wal-Mart the other day and the sign said they take Credit, Debit, EBT and cash.  I didn't see gold on the list.


When I inquired about gold as a payment method the teller looked at me blankly and said "We aint take no gold."  I responded "B..but Ron Paul told me gold is money."  to which she replied "Well shheeeit I'm finna axe muh mangerrr den.".   After a brief wait the manager confirmed her previous assertions; dey aint takin no gold.

Latitude25's picture

If gold has no value why do you have to pay for it in the Wal Mart Jewelry dept?  They don't sell cars in Walmart and you wouldn't go there to sell one either.  Thus cars have no value?

Dame Ednas Possum's picture


Your economic analysis and convincing argument is've convinced me it's time to get out of bullion.

Clearly you're the smartest guy in Walmart.


lasvegaspersona's picture

To answer the question: is gold money?  one must define 'money'. Is Money  only that which fulfills all 3 criteria?

In that case no gold is not...but neither is currency ( unless you believe currency is a store of value...weirdo).

Jano's picture

the problems related to Germany’s gold at the New York Fed?

There has never been any German gold at Jew Yourk Fed. Get lost dear Germans, you lost the war, I keep the gold for myself.

Cacete de Ouro's picture

Nice threads Lars... Who's your tailor? He could make me a nice tin of fruit like that