You are here

Alasdair Macleod: Monetary metals sentiment is as low as it gets

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, July 31, 2026

Few investors are interested in major upheavals facing global finances. Indifference in summer is normal, but this is a time of maximum danger to personal wealth.

After 55 years of this fiat currency regime, the top 500 investment managers with an estimated $140—150 trillion under management are clueless about money and credit. In 1919 Keynes wrote that "not one man in a million" is able to diagnose the destruction caused by debauching the currency. Plus ça change.

... Dispatch continues below ...


... ADVERTISEMENT ...

Ultra-Secure Swiss Vault Storage from Tara Gold and Silver Ltd.

Tara Gold is delighted to announce the launch of our ultra-secure gold and silver secure storage service.

GATA followers can now own gold and silver coins and bars -- including the Gold and Silver Trees of Life — with fully segregated, allocated holdings in one of the safest vault providers in Switzerland and the world.

All coins and bars are held in your name. Not a paper claim. Not someone else's liability. Real, physical precious metals you can visit, inspect, take delivery of, or sell at any time.

Safety, Trust & Privacy: Our Swiss storage partner is Helveticor AG in Zurich. Tara Gold's Mark O'Byrne, after extensive international due diligence, served as Helveticor's global ambassador for two years and stores metal with them personally. He has known the owners and senior staff for 20 years and trusts their vaults implicitly. Your metals there are fully insured and held outside the banking system — no counterparty risk, no digital risk, and no fractional reserving, with complete discreetness and privacy.

Liquidity: Switzerland is a primary hub for precious metals. You can sell quickly and competitively, with proceeds transferred directly to your bank account.

Tax Efficiency: Gold and silver in Swiss-bonded vaults are exempt from sales taxes. You pay only if you remove bullion from Switzerland.

For holdings of $100,000 or more, the combination of security, privacy, liquidity, and tax efficiency makes this a compelling international diversification.

For rates, application forms, and all key information, visit here or contact GATA supporter Tara Gold and Silver Ltd.'s Mark O'Byrne at mark@taracoins.com or +353-12641850.


This is also true of the vast majority of precious metal dealers. If proof of this statement is needed, those who account for their dealings in gold and not in their fiat currencies are probably less in number than the fingers on your hand. 

In other words, they calculate their performance in credit, not money. Admittedly, they are made to do this for tax reasons by their debauching governments but none of them run parallel accounts in gold-grams. ...

... For the remainder of the analysis:

https://www.goldmoney.com/research/pm-sentiment-low-as-it-gets

* * *

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026

https://neworleansconference.com/gata/

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:

https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:

https://www.gata.org/sites/default/files/GATA-silver-round-front.png