Macroscopic Podcast Alasdair MacLeod: China BROKE the SILVER market
Jan 1, 2026
Alasdair MacLeod, a macro analyst renowned for his insights into monetary history and precious metals, discusses the seismic shifts in global markets. He predicts a major equity crash linked to rising bond yields, drawing parallels to the 1929 financial crisis. Alasdair highlights a potential historic silver squeeze driven by China's reduced supply and industrial demand, particularly from solar and EV sectors. He emphasizes the complex dynamics of the silver market, including forced short covering and declining liquidity.
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End Of The Fiat Era Signals Precious Metals Surge
- The fiat era is ending as rising bond yields, collapsing equity valuations, and accelerating QE will erode currency purchasing power.
- Gold, silver, and platinum will surge as investors flee depreciating fiat currencies and central banks expand monetary support.
Japan's Yield Rise Can Break Global Carry Trades
- Japan's rising yields will unwind the carry trade and force its institutions to reduce or sell US Treasuries.
- That flow reversal can push US yields higher, burst the equity bubble, and trigger global financial stress.
Use Gold As A Canary For Currency Stress
- Use rising gold prices as an early indicator of fiat stress and potential currency depreciation.
- Watch gold breaking higher as confirmation that inflation and currency debasement are accelerating.