My Warning to You All! The Bullion Banks Just Declared War on Your Gold & Silver - Alasdair Macleod

Given its substantial industrial demand, significant supply deficits, and strong price performance, silver appears poised to outperform gold by 2024. The metal is crucial for solar panels, and robust growth in the renewable energy sector is expected to push silver usage to record levels this year, according to the Silver Institute.
In his recent analysis, Macleod mentions traditional views on gold and silver due to various crises in the banking system. From a technical viewpoint, Macleod predicts that while Western markets overlook silver and gold, rising demand in Asia and India’s expansion into environmental technologies will drive silver prices. Bloomberg reported on Wednesday that China's silver imports hit a three-year high of 390 tons in December and then 340 tons in April, well above the monthly five-year average of 310 tons.
While gold's bull run has been driven by central banks' desire to diversify their assets and a consumer flight to safety amid macroeconomic uncertainties, particularly in China, silver's dazzling performance this year is underpinned by industrial demand.
Despite limited interest in coins and bars in Western markets, China sees high demand for gold jewelry and bars, often resulting in sold-out stores. However, this demand may need to be accurately reflected in Shanghai Gold Exchange withdrawals, as major banks accumulate gold within the vaulting system. The People’s Bank of China has been even more consistent, increasing its gold reserves for a consecutive 17 months and now storing 2,262 tonnes of the precious metal in its vaults. However, Macleod notes significant withdrawals from COMEX vaults, suggesting increased demand for silver despite the Futures Market's usual role.
During the interview, Alasdair Macleod discussed how Americans have been led to believe that gold is no longer part of the monetary system, being replaced by the dollar. Macleod emphasized that the detachment of gold from credit has led to the dollar's significant loss in value, contrasting with gold's stability. The In Gold We Trust report reveals that over the last 40 years, the purchasing power of the world’s most popular currencies has significantly declined against gold. Concurrently, since 2000, this trend has been evident, with the dollar losing over 27% of its purchasing power while gold has gained an astonishing 530%.
Regarding the US government's precarious position, Macleod highlighted its potential gold shortfall due to significant leasing and geopolitical actions. He further predicted that rising gold prices would pressure the US government regarding its gold reserves.

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