Alasdair Macleod
Author & Head of Research @ Goldmoney
Alasdair Macleod has over 50 years of experience in financial markets, with a focus on monetary history, systemic risk, and the enduring roll of gold.
He began his career at the London Stock Exchange in 1970, rising to Senior Partner by 1979, and has held senior roles in fund management and private banking, including as Investment Director at Ansbacher (CI) Ltd in Guernsey.
A long-standing commentator on precious metals and unsound monetary policy, Alasdair is widely respected for his clarity, depth, and commitment to helping investors understand how to preserve wealth outside a failing fiat system.
In 2024, he launched his independent platform via Substack, where he continues to provide monetary insights to a global audience.
Alasdair’s expertise enhances our capacity to deliver informed, long-term guidance to our clients.
Alasdair Macleod Articles
The Western World is Already In Recession. Subtract budget deficits from national GDPs, and private sector GDPs are shrinking. While government spending is creating more debt, the tax base to pay interest costs is contracting.
Initiated by monetarists, the debate between an outlook for inflation versus recession intensifies. We appear to be moving on from the stagflation story into outright fears of the consequences of monetary tightening and of interest rate...
We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in...
Commentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which this article addresses.
Behind the battle to convince everyone that price inflation is not a lasting problem is the necessity to keep interest rates and bond yields suppressed. In the past, the interest rate cycle was entirely due to the expansion and contraction...
The Fed has just released its first public consultation paper on a dollar-based central bank digital currency. For many, central bank digital currencies (CBDCs) are a means of heading off private sector cryptos, but coincidentally the...
It has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected bonus.
That the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates. Rising bond yields...
More nakedly than is evidenced by other major central banks, the ECB through its system of satellite national central banks is now almost solely committed to financing national government debts and smothering over the consequences. The...
Many suspect the gold and silver markets have been manipulated. Head of Research at Gold Money Alasdair MacLeod says new Basel III rules will put an end to price distortions in the precious metals market...
