$150T PLAN LEAKED: Wall Street's Hiding What's Coming For Gold & Silver - Alasdair Macleod

追加: 2026-05-25

[00:00:00]I think this is actually a very very material change. And so what we're going to see uh I I I think is very shortly we're going to see that 160 trillion dollars of portfolios begin to realize that it it's exposure. I mean, if you look at the ETF exposure, it's 0.2%.

[00:00:21]They got some mines and all the rest of it. There's probably an average exposure of ETFs in mining sector running at about 2% of that 160 trillion.

[00:00:31]Where's the rest? The rest is in tech stocks, in things which basically are in a bubble.

[00:00:38]So that you're going to get um a very major shift, I think, in portfolio allocations, and they're not going to go into bonds, I can tell you.

[00:00:48]And it's interesting because Bank of America um Morgan Stanley and all the rest of it have been saying, you know, 20 25% whatever should go into gold.

[00:00:58]Um And they run trillions uh of of um uh discretionary funds, you know, for very high net worth individuals.

[00:01:08]Understand the difference between money and credit.

[00:01:13]As the the great um banker um John Pierpont Morgan said way back in uh 1912, "Gold is money and all else is credit."

[00:01:24]He's dead right. It's that's the legal position, despite what governments say.

[00:01:30]I mean, governments turned round after that, sometime after that, 20 what 20 years after that, and said, "You cannot own gold anymore." Um Um you know, you have to submit gold to to um the US Treasury or or the Federal Reserve Bank or whatever.

[00:01:46]Um Despite the Despite those um uh sort of, if you like, uh rules that are introduced from time to time by desperate governments, the common law position is gold is money and all else is credit and that incidentally includes currencies. What we are seeing is a flight out of credit into real money without counterparty risk, which is gold and possibly also silver. But to understand this really I'm glad to say that um I don't know some 24,000 people now um are subscribers to my Substack of which reasonable portion actually get the full service.

[00:02:26]What's the safe haven for portfolio manager? Well, cash obviously.

[00:02:30]Because he accounts in dollars, whether it's Canadian or American dollars. So, if if you know, if he if if he thinks there's an awful lot of risk around, he sells assets for cash.

[00:02:40]He doesn't sell it for gold, he sells it for cash.

[00:02:43]So, that's really why why um you know, you've seen uh you know, gold has been marked down, silver has been marked down. Whenever oil goes up because oh, oil is going to go up so this is uh bad news for inflation, it's bad news for this, that, and the other thing. So, therefore gold is going to be sold. Um that's the view they take.

[00:03:02]Now, how much selling of gold is actually occurring is extremely low.

[00:03:07]You've only got to look at the open interest on COMEX for the silver contract in particular, but also gold to see that they're historically very low levels. I mean, silver has been down to levels not seen for 20 years.

[00:03:20]Uh gold um similarly has been extremely low, not not quite as low as silver, but I mean, it sort of bottomed out at something like 360,000 contracts. Um given um anything really below about 410,000 contracts open interest in that you know, in in the gold contract uh you would say is an oversold market.

[00:03:42]One where basically speculation is absent.

[00:03:46]Um and um you know, there's a bit of a recovery going on there now, but the idea that anybody's really got much gold is is is to completely wrong. I mean, things get marked down because of the vested interest, if you like, of the shorts.

[00:04:00]You've got the the swaps and the market makers who are all short on COMEX. I mean, they may be long in London. I mean, some of the bullion banks will have long positions in London covering short positions on COMEX, but um the short positions on COMEX basically uh mean that um yeah, what do we what do we do? We want to mark it down.

[00:04:22]Basically, shake out any loose stock that may still be around, but also on a valuation basis, when it comes to the end of the month, end of the quarter, whatever, uh we can tell our bosses that uh the position has improved from last time.

[00:04:37]That's really what it's about, Anthony.

[00:04:39]Um nothing material. And I'll tell you something, this has now shown signs of changing because yesterday we had oil rise. I think oil rose something like 4%.

[00:04:53]Not huge in the scheme of this volatility, but nonetheless, a very definite rise.

[00:04:58]And what happened to silver? Silver rose 8%.

[00:05:01]Recently, it's been uh oil rise, precious metals down, and vice versa.

[00:05:07]Now, it's changing, and I think what that means is that um they've really run out of sellers of gold and silver in the West. And and more than that, um I mean, China realizes the mess that America's got into and realizes that its currency will become completely valueless. And so, what she has done is she's put in place um the means to protect herself from this disaster.

[00:05:33]Um and uh she's she's opened a gold, you know, SGE, Shanghai Gold Exchange vaults outside China for the first time. I mean, some people would think it was inconceivable.

[00:05:45]But she's opened a vault in in uh Hong Kong. Hong Kong's ramping up its dealing in in gold as well.

[00:05:52]Uh setting up a new futures market. And also a vault in Saudi Arabia.

[00:05:57]Why? Um the point about these vaults is that you can um buy and sell gold for Chinese yuan using these vaults, if you like, uh as storage for gold.

[00:06:10]And I mean, at the drop of a hat, uh the Chinese can turn around and say, "Right, for international trade purposes, there is now a fixed rate between gold and the yuan of X."

[00:06:21]They put it on a Bretton Woods style gold standard for international trade purposes. Now, I think they should extend it further and actually put the domestic yuan uh on on on a gold standard as well and do away with exchange controls.

[00:06:38]But that's probably dream too far as far as the Chinese concerned, but I do see them protecting themselves from a collapse in uh the currency.

[00:06:47]Um you know, the Western currencies, call it the G7 currencies, uh you know, by ensuring that they they have enough gold and they have the facilities for people to exchange gold for yuan at a fixed rate.

[00:07:01]That, as far as I'm concerned, is going to happen and it's going to happen quite soon.

[00:07:06]If you look at Chinese actions, they've been accelerating their their disposal of G7 currencies in return for gold, in return for silver and other commodities.

[00:07:17]They've also um taken action to protect their own economy from the disaster that the Americans have created in the gold uh by stopping the export of uh fertilizers, for example. Stopping the export of copper and various other um metals. I mean, it started with rare earths um and silver, obviously, was included in the same thing, which we didn't know at the time.

[00:07:42]But um this is going to take quite a lot of commodities out of the world. I mean, it really is.

[00:07:48]Uh and um combination, if you like, of loss of fertilizer in uh uh from, you know, from um downstream oil production in the Gulf, plus countries like China deciding, "Well, we're not going to export any of ours because we need it for our own uh economies." I mean, it's it it's really going to be very, very bad. I mean, for the Europeans, for emerging markets around the world as well, um it really is not good. And another thing is that the um uh you know, the export itself uh for sulfuric acid um has been very heavily curtailed. Uh and uh consequently, um the refining of um copper ore and uh various other non-ferrous ferrous ores um in the rest of the world um is going to be very, very badly compromised. So, what happens to all those commodities?

[00:08:42]They shoot up in price simply because um there isn't the supply.

[00:08:48]Yeah, and then there's well, we're seeing the challenges that COMEX is having with potentially, you know, defaulting on some of their physical deliveries. So, that's that's what there's risk of happening. And we saw that with the French uh requesting gold from uh so, the US and that was uh settled in in cash. So, it's quite interesting all these phenomena. I think that was a brilliant move by the French. Um I really do. Um and I mean, if I was if I was uh you know, a German central banker, I would do exactly the same.

[00:09:19]Because we know that um they have stolen that earmark gold. America has taken that gold for its own uses.

[00:09:28]Uh and consequently, um you know, it's not there. I mean, we got this message very clearly when the Americans said, "Uh we will deliver to you Bundesbank was it 300 odd tons but it's going to take us 7 years to do it." What?

[00:09:44]It's our property and it's actually in your bank earmarked as our property. We want it back.

[00:09:51]No, no, no, no, no, no, no. You know, so you had negotiations if you like.

[00:09:55]But behind the scenes it is absolutely clear that the Americans have not got that gold. They have taken other people's gold and stolen it and used it for their own purposes.

[00:10:08]I won't go into what those purposes are.

[00:10:09]That's not the point I'm making. The point I'm making is that um the Bundesbank should now turn around to uh the Federal Bank of New York and say, "Right, um if you can't deliver our gold then um uh you can sell it in the market and pay us." Of course they won't sell it in the market but they will create the dollars to pay off the Bundesbank. And then the Bundesbank just goes into the market and buys gold.

[00:10:34]I mean, that's got to be the sensible thing. The problem is that um the liquidity in the market even uh we're talking about gold. Um it was with a theoretical above ground stock of about 200,000 tons. The market isn't that great in gold.

[00:10:51]I mean, there's just too many people demanding gold at the moment.

[00:10:55]So I would think the Bundesbank would be very frightened to do that but they would have had the opportunity to do it and well done France for doing it. I mean, really. The French actually have a pretty good record of understanding gold. I mean, go back to um to De Gaulle um back in the 60s.

[00:11:14]He said, "No, we want our gold back. We don't want your dollars."

[00:11:18]Um and that was actually the thing that destabilized the London Gold Pool in the um mid-late 60s and um led eventually to the abandonment of this crazy Bretton Woods system which um America just abused.

[00:11:34]I think the whole point about this war and why Iran is is effectively already won it is that it has emasculated all the military bases, the US military bases in the region.

[00:11:47]They're finished.

[00:11:48]Um they're effectively non-operational.

[00:11:52]Um remove them, remove the American influence and that does mean that countries like Saudi Arabia, for example, um without American influence, they've got to actually think about their future and of course their trade future is not with America. They they hardly send anything to America. Their trade future is with China.

[00:12:11]And the sooner that America gets out, the sooner that Mohammed bin Salman can start, if you like, getting real in terms of relationships with China and Russia. He's already got the links in there.

[00:12:24]Turkey is another one. Um Turkey is amazingly a member of NATO and has been sitting on fence eyeing the opportunities amongst its Turkic people who spread all the way in towards China north of Tibet.

[00:12:42]Um Turkey reckons it's got a great great future, if you like, in terms of you know, economic future in terms of um uh you know, being part of that complete Silk Road dynamic. Um I you know, if America goes, we can actually get on with life.

[00:13:02]But of course, our wonderful politicians don't understand it. Someone ought to wake them up.

[00:13:08]It's They're not going to They're not listening. They're all in groupthink mode. I mean, they really are.

[00:13:14]Who's the real enemy?

[00:13:17]I don't think it's Russia and China.

[00:13:19]They want to trade with us.

[00:13:21]I mean, I can understand the Baltics getting very very nervous about a very powerful Russia um on their borders uh because of their history and all the rest of it, you know, particularly since, uh, 1944.

[00:13:34]But, um, I think that, uh, there is no evidence at all that Russia actually wants to expand its empire, uh, westwards, other than, um, uh, it it I mean, the interesting thing about about Ukraine is it started off with America trying to use a revolution in Ukraine as cover for military action to destabilize Russia.