THE VON GREYERZ PERSPECTIVE - vongreyerz.substack.com ALASDAIR MACLEOD & VON GREYERZ: BREAK POINT
May 15, 2025
Join finance expert Alasdair Macleod as he sheds light on the fragility of our current financial system, drawing fascinating parallels from history. They discuss the alarming decline of the dollar's purchasing power, emphasizing the rise of gold and its role as a sanctuary amid economic turmoil. The duo explores the implications of geopolitical instability and potential restrictions on gold ownership. With concerns over capitalism's erosion and the impact of BRICS nations, they stress the importance of community and preparedness in navigating these uncertain times.
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Egon's Lifelong Gold Journey
- Egon von Greyerz shared his lifelong journey with gold, beginning in the 1970s when gold cycles fascinated him.
- He and Alasdair Macleod both entered gold seriously in 2002 at $300, seeing the cycle bottom had passed.
Alasdair's Early Market Observations
- Alasdair Macleod described becoming a stockbroker in 1970 and observing the end of Bretton Woods in 1971 without fully understanding its consequences.
- He witnessed gold’s rise from $35 to $1850 and endured a severe UK equity crisis by 1974.
Credit Needs Real Money Anchor
- Credit must be anchored to real money for economic stability, a principle dating back to Roman law from 548 BC.
- Since 1971, credit's value is based only on faith, causing systemic risks as credit bubbles grow unsustainable.
