Alasdair Macleod: Have gold and silver bottomed?

By Alasdair Macleod GoldMoney, Toronto Friday, April 10, 2026 The controversy is now about escalating risk and how to hedge it. Let's make something clear before addressing this question: Regulators train and legislate investment managers into believing that gold is not the way to hedge investment risk.  Gold is not a regulated investment and therefore not an investment at all. An investment manager can hold a small amount of unregulated investments if his compliance officer signs it off. But the compliance officer is there to discourage or prevent an investment manager from even considering investing in unregulated investments. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy, Sell, or Store Precious Metals with Money Metals Exchange Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com -- https://www.moneymetals.com/news/2021/02/01/best-overall-precious-metals-dealer-002213 -- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals. Shop online with Money Metals Exchange here -- https://www.moneymetals.com/buy -- or by calling 1-800-800-1865. Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost: https://www.moneymetals.com/depository Consequently, investment managers see the risk-free position to be cash in their accounting currency, even to the extent of not buying physical gold or silver ETFs. It amounts to a cop-out.  This meddling with markets by the authorities is at the root of the current period of confusion in Western capital markets over how to respond to black-swan events such as the war against Iran. ... ... For the remainder of the analysis: https://www.goldmoney.com/research/have-gold-and-silver-bottomed * * * 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