We have a lot of respect for Alistair Macleods point of view. This a great interview where his matter of fact approach contrasts nicely to Max Keisers outrageousness. In the interview they cover a lot of ground including:
- Why most analysts looking at the supply of gold get it wrong
- Why the move out of gold ETFs may not in fact be investors moving out of gold but rather into physical
- When he thinks we may see the next trouble brewing
- Why it is the Indians and Chinese are buying gold
- Why the Bullion Banks/Central Banks/hedge funds got it wrong and didn’t realize that “If you lower the price of something you increase the demand for it”
- The problems with using open interest as an indicator with respect to gold
- Why he’s not convinced it was a central bank that had the 400 tones sale that set off the price plunge
The interview begins at 11:50min but the first half has some interesting banter between Max and his partner in crime Stacey too.
- Gold Demand Is Splitting: What East vs West Is Telling Us - April 15, 2026
- The US Dollar System Is Starting to Show Cracks – What It Means for Investors - April 8, 2026
- 1970s Echoes: Gold, Inflation and What History Suggests Comes Next - April 1, 2026

