Gold Crashes — The Real Panic Hasn’t Started Yet | Alasdair Macleod

Gold just suffered one of its worst corrections in a decade, silver has been crushed, and precious metals investors are asking the question nobody wants to ask: did gold fail the test? In this interview, Alasdair Macleod argues that the gold price correction is not the real crisis. In his view, the real danger is a credit crisis, rising bond yields, the U.S. debt trap, dollar debasement, QE to infinity, and a stock market bubble built on leverage. Gold has crashed, but Macleod believes the real panic has not started yet. Alasdair Macleod also explains why he believes central banks are still buying gold, why China may be moving away from U.S. Treasury debt, why COMEX open interest matters for gold and silver prices, and why investors may be misreading the relationship between gold, the U.S. dollar, interest rates, inflation, and the broader stock market bubble. 📢 This video is sponsored by iTrustCapital. Pinnacle Digest is compensated by iTrustCapital for this sponsorship and may also receive a commission if viewers sign up and fund a new account using our link below. 👉 Learn more about opening an IRA account with iTrustCapital here: https://www.itrustcapital.com/go/pinn... 🧠 About Alasdair Macleod Alasdair Macleod began his career as a stockbroker on the London Stock Exchange in 1970 and later worked in investment management and banking, including as an executive director of an offshore bank in Guernsey. His work focuses on sound money, credit, banking risk, monetary history, fiat currency debasement, gold, silver, and the relationship between real money and the modern credit system. He publishes his current research and commentary through Macleod Finance. Visit Alasdair online: https://substack.com/@macleodfinance CHAPTERS 00:00 - Intro 01:52 - Gold and Silver Investors Face the Hard Question 03:34 - Is There a Near-Term Catalyst for Gold? 04:01 - Alasdair Macleod: Gold Is Money, Not an Investment 06:09 - Bond Yields, 20% Rates & the Dollar Problem 07:30 - U.S. Debt Trap, QE to Infinity & Dollar Debasement 11:23 - Iran War, Hormuz & Pressure on the Dollar 12:19 - Why Did Gold Drop 20%? 16:13 - Central Bank Gold Buying & the Declining Dollar 20:18 - Get Out of Credit: Real Money, Gold and Silver 21:00 - Silver, COMEX Open Interest & Physical Supply 22:13 - China, Treasury Debt & Gold Accumulation 23:19 - Gold vs. Stocks Since Nixon Closed the Gold Window 28:41 - “Get The Hell Out of Credit” 29:30 - Stock Market Bubble, Leverage & 1929-Style Risk 39:24 - Bundesbank Gold, China Gold & the New York Fed 43:10 - Gold, Retirement & the Two-Stage Crisis 46:30 - How Close Is the Financial Crisis? ⚠️ Disclaimer and Forward-Looking Statements Maximus Strategic Consulting Inc. is the owner and operator of Pinnacle Digest.   Aaron Hoddinott and Maximus Strategic Consulting Inc. hold investments in gold and silver, and related mining equities. Investments may be bought or sold at any time without notice and may influence the opinions expressed.   This video is for informational purposes only and does not constitute investment advice. Nothing herein is a recommendation or solicitation to buy, sell, or hold any security, commodity, currency, or other financial instrument. Investing involves risk, including loss of capital.   Aaron Hoddinott and Alasdair Macleod are not financial advisors. Past performance is not indicative of future results. Guest views are their own, are provided for commentary purposes only, and do not represent the views of Maximus Strategic Consulting Inc. Conduct independent due diligence and consult a licensed financial advisor before investing.   Forward-Looking Statements: This video contains forward-looking statements and speculative commentary regarding future gold and silver prices, interest rates, bond markets, U.S. government debt, fiat currencies, inflation, monetary policy, credit markets, equity markets, banking risk, and broader economic and financial conditions. These statements are based on opinions, assumptions, and current expectations, and are subject to risks, uncertainties, and changing circumstances that could cause actual outcomes to differ materially.   Opinions expressed are subject to change without notice. #gold #silver #alasdairmacleod #goldprice #goldcrash #silverprice #dollarcollapse #creditcrisis #stockmarketcrash #preciousmetals