Ross Norman: Gold's Record Highs Driven by China, What Happens Now?
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- čas přidán 16. 05. 2024
- Ross Norman of MetalsDaily.com explains what took the gold price to record highs and why the yellow metal has pulled back.
"In a nutshell, if you like, gold has moved higher, significantly higher, to around US$2,100 (per ounce), on quality buying. The last US$200 on top of that arguably is of a vulnerable nature because it's futures buying," he said.
This interview was filmed on April 25, 2024.
#Investing #Gold #Silver
0:00 - Intro
0:26 - China's strong gold demand
5:43 - What changed on March 1?
11:41 - Gold flooding from west to east
14:57 - How important is China for gold?
20:36 - Other gold price drivers to watch
24:32 - Is silver fairly priced right now?
27:41 - Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
It was nice to hear about the different drivers for the recent gold rally. It was informative. It is difficult to function with a cold, much less give an interview. He made it through very well.
Fantastic episode! Love this guy ! Super exciting times ahead !🎉 thanks for your excellent work!
Excellent insight, very convincing.
Excellent guest 🙏👍🖖
Yep, any relation of.......Boris!@!?😁🤪
Actually, the Costco premiums are the lowest and There is a credit card point system that people seem to be taking advantage of. I suspect that many Costco gold buyers are buying to get the c.c. points and plan to sell the gold ASAP. Just my theory.
Greetings from Australia 🇦🇺, I found this interesting and informative, liked his views on what’s driving the market for gold, I watch lots of different viewpoints like Peter Schift, SD Bullion, Andy Schechman, SBTV etc and I’m unsure who is correct I do think it’s a good store of value in physical form, no counter party risk etc, held for the long haul.
Schiff is a bit of a firebrand and difficult to listen to, for me, Schectman always sounds like a used car salesman, pumping it. I like Michael Oliver, Acardia Economics and Craig Hemke. This was a very informative interview and I'm becoming quite a fan of this interviewer. She has a good understanding, asks the smartest questions and is a great listener. Like you, I'm an Aussie and in it for the long hall. Norman Ross is an excellent guest and I'll be looking out for him as well as checking out his website.
Me thinketh would to get some., Aussies doing these type of.......financial podcasts!@!?😉
In Canada at Costco the price of gold is usually tge same or lower than bullion dealers. With a Costco membership card and the Costco credit card you save 4%. Most dealers charge extra if you use a credit card so that is another benefit.
No talk at all of structural deficit in silver supply?
No discussion of its industrial application?
No talk of geopolitical supply line challenges?
No talk of regulatory challenges in commisioning new mines?
Lots of painted pictures for a hallway opinion
Silver price 2nd January 2024 USD 21.10, today 27.00 = +27.96% Gold price 2nd Jan. 2024 USD 2009, today 2330 = + 15.98% !!!! I can't watch this crap anymore
The same old boring myth = USD strong, Gold down !! Facts = 2008, USD Index 72 , Gold 800, 2024 USD Index 106, Gold 2400 !!!!!
He is wrong about tax in europe for silver.
Bro sounds like AI
He aint drinking the kool aid on gold!
His mentor might be Harry Dent. 🤣
Fair price of gold looking at national debt levels is about a whole lot higher than this 2100 dollar this guy is being paid to sell us.