US Gold Likely GONE & Gone East | Alasdair Macleod

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Alasdair Macleod (https://alasdairmacleod.substack.com/) explains how gold is flowing from Western vaults to Eastern nations, particularly China, Russia, and India, as they accumulate physical gold to protect their currencies from mounting Western debt. He highlights the sharp decline in gold and silver stored in Western exchanges like COMEX, pointing to a potential market crisis and growing premiums on futures contracts. Macleod also critiques the official gold reserves reported by countries, particularly questioning the accuracy of U.S. gold holdings, which have not been audited since the 1950s. The conversation underscores the growing global interest in gold as a hedge against financial instability and geopolitical uncertainty.