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Gold Matters: The Most Mispriced Markets in 56 Years

August 11, 2026

In this latest edition of Gold Matters, VON GREYERZ Partner Jonny Haycock and Alasdair Macleod, Strategic Advisor at VON GREYERZ, discuss many of the dislocations appearing in markets.

Macleod argues that in 56 years following markets, he’s never seen so many mispricings. From an overvalued $ to the bubbles in stock and bond markets, the rare US and Japanese intervention in FX markets could well be the canary in the coal mine that too few are paying attention to.

With sentiment towards gold and silver at historic lows, now seems the right time to follow the Chinese and stack gold whilst prices are depressed.

Watch as Alasdair Macleod shares insights from more than 50 years of observing global financial markets.

VonGreyerz.gold

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Jonny Haycock, a former professional tennis player, qualified as a Barrister at Middle Temple in London before embarking on a long and successful 27 year career in the City. He joined Salomon Brothers in 1997 before moving into the European Equity division of Morgan Stanley in 2001 to sell equities to the London Institutional and Hedge Fund client base. Jonny was made Managing Director in 2007 and in later years sat on their prestigious European Equity Underwriting Committee. When he resigned after almost 23 years to join VON GREYERZ in early 2024, Jonny was one of Morgan Stanley’s longest serving MDs in London.