Part 6/7:
One of the most worrying trends highlighted by McLeod is the increasing urgency among foreign central banks to repatriate their gold as a means to sidestep potential future confiscations or systemic collapses. This trend echoes prior historical actions of nations reinstating control over their gold reserves, reflecting a pervasive fear of losing access to these nominal assets should the credit system falter.
The Role of ETFs and Physical Gold
McLeod further emphasizes that relying on exchange-traded funds (ETFs) for gold exposure is insufficient for real security. He asserts that retail investors should prioritize physical ownership of gold to hedge against potential systemic risks, asserting that true wealth should be stored outside the financial system.