Authored by Peter Reagan via BirchGold.com,

Speaking on the Money Sense podcast, Alasdair Macleod chimed in on why he believes we are in an environment similar to 1929, or the start of the Great Depression.

In recent times, we have seen things compared often to infamous economic downturns, like the inflation and recession of the 1970s. We have also seen invocations of the Great Depression when the lockdowns happened, and gold accordingly leapt in massive bounds back then.

But these days, the price of gold is nearly doubled since the start of the lockdowns, so there might very well be something to MacLeod's idea. Rather than buying into the narrative that reopenings prevented a 1929-style economic environment, Macleod thinks we are merely in the opening acts of a new global economic depression.