Alasdair Macleod & Dominic Frisby on GOLD, BRICS and CREDIT

Alasdair Macleod and Dominic Frisby discuss the enduring significance of gold in both historical and contemporary contexts. Macleod emphasises that gold has always been a symbol of wealth and stability, stating, “Gold is the only money that has no liability attached to it.” He explains that throughout history, gold has preserved its value, even as fiat currencies fluctuate. Frisby adds to this, saying, “Gold… is the closest you will ever come to touching eternity,” highlighting that gold connects us to something much older than human civilisation itself.

The conversation also explores gold’s role in today’s global financial system. Both agree that despite being viewed as an outdated asset in the digital era, gold continues to serve as a vital store of value and a form of exchange in times of crisis. Frisby points out that even today, countries like Russia use gold to settle transactions, underscoring its ongoing importance in global trade.