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Alasdair Macleod: The rocky road to ruin of fiat currencies
By Alasdair Macleod
MacleodFinance.com
Tuesday, October 28, 2025
We can be sure that some subscribers to MacleodFinance will have taken leveraged bets on gold and silver continuing to rise, despite our insistence that they should only be stacked and not traded. This brief article serves as a reminder in current markets why this is so, and to be content to just stack gold and silver.
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The loss of purchasing power for fiat currencies is not over, as this chart illustrates:
https://www.gata.org/sites/default/files/MacleodChart-10-25-2025.doc
Since the year 2000, the dollar has lost 93.2% of its purchasing power measured in real money.
In fact, since the abandonment of Bretton Woods 54 years ago, the dollar has lost 99.2% of its purchasing power, measured in gold, which is legal money in common law. It is gold that is stable over time, and fiat currencies that are not.
Fiat currencies always die. And they are on the rocky road to ruin. ...
... For the remainder of the commentary:
https://www.macleodfinance.com/p/the-rocky-road-to-ruin
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