This week’s edition of Retirement Lifestyle Advocates radio features an interview with Alasdair McLeod, the head of research at GoldMoney. Your host, Dennis Tubbergen, talks with McLeod about the potential impact of the BRICS Coalition on the US dollar as an international reserve currency. McLeod suggests that the US is already fighting back against the expansion of BRICS, citing Argentina’s recent decision to back off from China and adopt the US dollar as its currency. However, the influence of Russia and China within BRICS will continue to spread, leading to a decrease in the use of the US dollar and potentially weakening the currency in the long term. McLeod also discusses the possibility of a gold-backed currency in the future and the risks associated with the large amount of US dollar holdings held internationally. He suggests that a rush to liquidate these assets could be difficult for the US to handle and could lead to a significant devaluation of the dollar. McLeod emphasizes the importance of understanding the global credit situation and the potential for a collapse of fiat currencies, which could lead to a significant rise in the value of gold.
Alasdair Macleod is the head of research at Gold Money Holding, a well-respected author, and a noted expert in world economics. Mr. Macleod has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance, and investment strategy.
To learn more about this week’s guest Mr. Alasdair Macleod, please visit https://www.goldmoney.com. To learn more about Retirement Lifestyle Advocates, please visit our website at retirementlifestyleadvocates.com.