The Phaserl


The NEW Silver FIX — Alasdair Macleod

In this interview with GoldMoney’s Alasdair Macleod we discuss Friday’s news that the CME and Thomson Reuters have been chosen to run the replacement for the 117-year old London Silver Fix. But the new boss is the same as the old boss, because it looks like the new system is little more than an ELECTRONIC FIX – so there will be NO free market mechanism allowed to set the REAL, MARKET price for silver. We also discuss the startling fact that according to Jeff Christian’s CPM Group, $5 TRILLION of silver circulated globally last year — that equates to $5,000 per ounce silver if all that paper had to be backed by PHYSICAL… And much more. Thanks for tuning in.

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11 comments to The NEW Silver FIX — Alasdair Macleod

  • James Owen

    Sean, I really think that Alasdair Macleod is one of your best guests. He always has such valuable insights.

    Hope to hear him being interviewed more often.


    • SGT

      Thanks James & Pete, yeah we love Alasdair, and he’s just as warm & kind-hearted behind the scenes as he is live. He’s agreed to visit with us to give us his valuable perspective every 6-8 weeks or so.

      • petedivine

        I look forward to Alasdair’s forthcoming interviews. I’m sure they will be just as insightful as this one.

      • BUZZ

        Alasdair = ASLEEP defending london (lowercase) and not admitting that a fix is rigged market.

        I will be skipping any further interviews with Alasdair.

      • Sergio of the Jungle

        Hey, Sean. Rory asked Alasdair if he should consider diversifying into foreign currencies. I was wondering why being that they are all paper obligations of other countries and not legal tender in the US. If you are considering a diversification into another nation’s money why wouldn’t you buy their gold and silver coins as an option. Sure, gold is gold, but could foreign coins be confiscated if that is the worry or was Rory simply considering a fx hedge?

  • petedivine

    What a great interview. Alasdair always brings excellent perspective to your show. Alasdair correctly argues that the silver price discovery mechanism needs to fundamentally change. I sure wish we knew why the silver fix was abandoned after 117 years of existence. Why couldn’t Deutsche bank sell their seat on the silver board? We may have some of the same players, but things will change or the LBMA risks losing their market making mechanism to China, Singapore, or to another competitor. Alasdair brings up some well thought out views.

  • sam520

    At 37:30… “She [China] is insuring that other people cannot interfere with the pricing of the commodities that she depends on.”

    Well guess what? China depends on silver for their goal of making solar panels available to all in the next few years. Does this mean that silver could stay low while gold soars? After all, China needs gold to soar because they will use it as a financial tool. While at the same time they could keep the price of silver low because they need it for their solar panels and more. Something to consider in this manipulated world in which we are allowed to exist.

    • Ed_B

      Good points, Sam. But consider this as well. Prices are set by those who HAVE the item being priced and not by those who either don’t have it or who wish to buy it. Once China and Russia have a sufficient amount of gold, it will be THEY and their BRICS allies who set the price, not London and not New York. It will then be in their best interest for gold to be as expensive as possible. Yes, this will take some time to shake out but the end is inevitable, if not immediate. If you have gold or silver, just consider them as your long-term savings and not something that can be traded for paper profits.

  • rich

    Eric Scott Hunsader, Founder & CEO of Nanex – #PreMarket Prep for July 14, 2014

    Published on Jul 14, 2014
    Special guest: Eric Scott Hunsader has over 25 years of hands-on experience developing successful real-time trading software including high performance trading applications and compression techniques. Hunsader has been an outspoken critic of high frequency trading, and his views have been cited in numerous financial publications.

  • andrew james

    The dollar is on life support now with QE. Yeah the dollar is tanking. Pretty soon Yellen is going to have to ad defibrillation to her treatment for the falling dollar. Yeah. defibrillation…that’s it.

  • Willy

    Thanks for the interview Sean, Alasdair is a true gentleman, along with you too Sean . You gentlemen are both genuine. That’s why I love your site. The PM’s getting hammered yesterday and today, so more of the same regardless of who is fixing the prices. What gets me about TPTB you don’t even have to have to be highly educated with respect to market swings in PM’s. I’m certainly not, all I did was educate myself with respect to how much is mined each year. Today Zerohedge posted that millions of contracts were sold, hence the price drop. How can that be when the world doesn’t come close to mining those amounts in a year. It’s all fixed, rigged, manipulated whatever you want to call it. This will not stop until the entire system goes down and a new one emerges out of the ashes. So now they will try for a more reputable exchange to FIX the markets. It will be interesting to see what actually happens when we go form the old to the new. I’m not expecting anything different

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