Alasdair Macleod: PBOC Has At Least 20k Tons of Gold
Jason Burack of
Wall St for
Main St had on returning guest,
Head of
Research at
Gold Money https://www.goldmoney.com/ Alasdair Macleod
http://www.financeandeconomics.org/
WE APOLOGIZE FOR THE
AUDIO QUALITY AND PROBLEMS IN THE
FIRST 10 MINUTES OR SO OF THE INTERVIEW! WE HAD SOME PROBLEMS WITH
SKYPE CALLING ALASDAIR IN
ENGLAND.
During this 40+ minute interview, Jason asks Alasdair if he thinks
China will announce a gold reserves update about its official public government gold holdings.
Before Alasdair answers that question, he provides some background. Alasdair thinks the
Chinese government/
PBOC started accumulating massive tonnage of gold in the early to mid
1990s as it was getting ready to join the
WTO.
Alasdair does think China will update its official gold holdings soon but that China doesn't care very much if its currency gets into the
SDR.
Alasdair thinks China will eventually partially back its currency with gold (fractional gold standard?) and that China plans a separate SDR with other
Asian economies.
Jason and Alasdair also discuss where is the gold coming from, the financial struggles of gold miners, why deflation can't last for a long period of time and why it hasn't ever lasted in modern history for more than a few years and other interesting topics.
They also discuss if the crack up boom has already started.
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