Why Is China Top Gold Buyer Right Now? What’s Behind the Record Gold-Buying Streak? - Peter Grandich

Sdílet
Vložit
  • čas přidán 7. 06. 2024
  • Jeremy Szafron, Anchor at Kitco News, interviews Peter Grandich, a renowned financial analyst and market strategist. In this interview, they discuss the implications of China's record gold buying, its potential impact on global economic stability, and predictions for gold and silver markets. Grandich provides insights into the motives behind China's gold accumulation and forecasts the future of the US economy in 2024, including the effects of potential recessions and central bank strategies.
    Follow Jeremy Szafron on Twitter: @JeremySzafron ( / jeremyszafron )
    Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
    Follow Peter Grandich on Twitter: @PeterGrandich ( / petergrandich )
    0:00 - Introduction
    0:29 - Why China Is Stockpiling Gold
    1:27 - Gold Price Drop
    2:12 - Trends in Gold Market Corrections
    3:48 - Historical Context of China's Gold Reserves Increase
    5:20 - China's Economic Growth and Its Global Implications
    7:55 - Sanctions, Gold, and Geopolitical Tensions
    10:03 - Comparing Central Bank Gold Strategies
    13:17 - Recession Predictions 2024
    17:16 - Silver Market Dynamics and Future Predictions
    #KitcoNews #GoldMarket #PeterGrandich #ChinaGold #EconomicForecast #CentralBanks #GoldPrices #SilverMarket #FinancialAnalysis #MarketTrends #goldprices #economy
    __________________________________________________________________
    Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
    SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
    For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at www.kitco.com
    To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
    Stay connected:
    Twitter - / kitconewsnow
    Instagram - / kitconews
    Facebook - / kitconews
    LinkedIn - / kitconews
    StockTwits - stocktwits.com/kitconews
    Live gold price and chart: www.kitco.com/gold-price-toda...
    Live silver price and chart: www.kitco.com/Silver-price-to...
    Live crypto market data: www.kitco.com/price/crypto/
    Learn more about Kitco News: www.kitco.com/news/about/
    For more information on advertising, sponsorship and marketing promotions - please visit our online media kit at: www.kitco.com/advertising
    Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.

Komentáře • 113

  • @WTHH2
    @WTHH2 Před měsícem +10

    Every sovereign countries do not want to hold another's debt and be held hostage.

  • @user-ru9nl5wr7i
    @user-ru9nl5wr7i Před měsícem +1

    Jeremy is very professional & refreshing to watch! 👍🏽

  • @darrenschroeder8914
    @darrenschroeder8914 Před měsícem +3

    Great job Jeremy ❤ Love From Manitoba

  • @ctsax64
    @ctsax64 Před měsícem +2

    Great interview.

  • @danharvey61
    @danharvey61 Před měsícem +4

    Gold is a great anchor to your wealth. And right now it’s doing better than bonds.

  • @ampovpodcast1624
    @ampovpodcast1624 Před měsícem +1

    Great show 👏🏿

  • @Skiptickle
    @Skiptickle Před měsícem +7

    Great channel, I just subscribed. I don't think that china is in any rush to annex Taiwan. Unlike the west, China is patient and looking long term.

    • @snowyowl6892
      @snowyowl6892 Před měsícem +1

      My gossipy friends claim that - during the Mao ☠️ period ..wealthy Chinese transferred their gold to Taiwan for safety.
      P’haps that is the reason for China’s “concern” and interest in annexing Taiwan … 🤔🤔

    • @Amidat
      @Amidat Před měsícem

      Yeah and they completely ignore that the US started the tension with Obama's pivot to Asia moving so much military to China's door. Then Trump provocatively taking a call from Tsai. Then Nancy Pelosi going there. All unprecedented actions that violated diplomatic norms.

  • @ronsbasement
    @ronsbasement Před měsícem +11

    Great interview. Peter Grandich is the BEST!

    • @bradleyjordan5365
      @bradleyjordan5365 Před měsícem

      Hey Ron, I just came from your last video haha

    • @briangranger1741
      @briangranger1741 Před měsícem +2

      rational, logical, honest. one of the more reasonable voices.

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem +1

      I agree !!!

    • @Bullish369
      @Bullish369 Před 2 dny

      hes the best at selling his penny stocks to elderly - you should get our of your basement ron

  • @chuqing99
    @chuqing99 Před měsícem +3

    Totally agree with Peter's comments on Bitcoin's relationship with gold. Well said.

  • @user-lx4yl3is2w
    @user-lx4yl3is2w Před měsícem +3

    The moment i saw this title , i felt sorry for your paranoid but admire your ability to create issues out of thin air .

  • @anthonyjackson31
    @anthonyjackson31 Před měsícem +2

    Jeremy is smooth 👍🏼

  • @johnbethea4505
    @johnbethea4505 Před měsícem +3

    When a country's money is devalued, they lose the allegeny of their people..

  • @olamiakeem6359
    @olamiakeem6359 Před měsícem +4

    When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance

  • @JohnnyWright927
    @JohnnyWright927 Před měsícem +67

    Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Adriana Jensen wisdom..

    • @CindyHowkins
      @CindyHowkins Před měsícem

      Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

    • @KatFox622
      @KatFox622 Před měsícem

      The internet is filled with so many useful information about Adriana Jensen’s crypto….

    • @AndrewCunningham726
      @AndrewCunningham726 Před měsícem

      Thank you. I have searched her up on the internet browser, I think I am satisfied with her experience.

    • @sSaraBethWilliamKeel
      @sSaraBethWilliamKeel Před měsícem

      This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

    • @BobStewart696
      @BobStewart696 Před měsícem

      Adriana Jensen knows her stuff! her advice have been invaluable to my trading journey. Definitely worth giving a shot!

  • @jobbingactor
    @jobbingactor Před měsícem +1

    New suit. Good colour. Ref interview, half agree, not sold on it all.

  • @snowyowl6892
    @snowyowl6892 Před měsícem

    Michelle, love the pale green
    (Did you know that the heart chakra has two colours .. pale green and rose pink. (fyi 😊)

  • @70svd
    @70svd Před měsícem +2

    Whatever happens in Taiwan stays in Taiwan, thats their internal affairs. Anyhow we’re talking about gold price, how come gold hasn’t reached 3000 already since China, India and other nations purchased gold like there’s no tomorrow

    • @Amidat
      @Amidat Před měsícem +1

      Sadly the US gov - in violation of it's own diplomatic agreements with China- wants to make it an international issue now. Very dangerous for the world.

  • @VT-ix5oh
    @VT-ix5oh Před měsícem +3

    U said Turkey, but diagram says Kazakhstan. How they afford it? 300B GDP and they buy 16 tons? Research that country people you will learn alot

    • @JP-tq7ni
      @JP-tq7ni Před měsícem +1

      Kazastan as intermediary. For whom🤷‍♀️

  • @daveyou35
    @daveyou35 Před měsícem

    Is buying gold or anything by the troy ton much more economical than purchasing by the gram ? Just a thought x1.4-3 billion small info people

  • @romulus1300
    @romulus1300 Před měsícem +5

    Who is the biggest miner in Chiner? Is there datter to show us?

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem +3

      Is all state owned .
      They import gold , but ANY AND ALL mined gold in China - STAYS in China .

  • @TwitchRadio
    @TwitchRadio Před měsícem +1

    All I got to say is duh 😂... anyways thanks for the news guys😎✌️

  • @WilliamBang
    @WilliamBang Před měsícem

    "Big Money" He literally means Nations (countries), not regular people or investment firms.

  • @MinotauroTrading
    @MinotauroTrading Před měsícem +1

    Faster your seat belts this will be a bumpy ride my friends.

  • @ajaydesai8940
    @ajaydesai8940 Před měsícem +5

    Hi I am Ajay from India I am 100,% agree with Peter.... because in India people of are extremely bullish on gold.

    • @renjit9044
      @renjit9044 Před měsícem

      you'll see more people make better money in crypto

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem +3

      You Indian folks are very intelligent !
      I’m so proud of your government stockpiling physical SILVER ; as it’s the most undervalued commodity on earth , and going into
      Its fourth year of a global
      deficit …

    • @tiger_would4419
      @tiger_would4419 Před měsícem

      Ajay when are the Indians going to buy the dip?

    • @ajaydesai8940
      @ajaydesai8940 Před měsícem +2

      In dollar term 2190 to 2245 is good buying opportunity.

  • @qake2021
    @qake2021 Před měsícem +2

    👍👍 🇨🇳 is converting US$ to gold. 👍👍

  • @kenrebro2746
    @kenrebro2746 Před měsícem +1

    Why is nobody calling out the average citizen for not saving?

    • @brad7932
      @brad7932 Před 20 dny

      The average citizen is struggling to keep their head above water.

  • @douglas2835
    @douglas2835 Před 24 dny

    Hey Peter - everyone buys stocks on their own (so nobody can put it on you) but you have to admit, there is no bigger mining stock dog than AZMCF. This things trades down every single day in the face of metal highs and most of the jr.s waking up. I think it's time to call it with this dog. When miners are green across the board 5%+ this thing still has multiple sellers. The selling never ends.

  • @charlesscott1849
    @charlesscott1849 Před měsícem +1

    Yep how did BRICS go. I like gold but I’m not like these clowns hawking gold.

  • @daveforgot127
    @daveforgot127 Před měsícem +5

    What happened to the pretty girl that used to be on kitco?

    • @robertk1834
      @robertk1834 Před měsícem +4

      Michelle Makori? You can't even remember her name?

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem

      @@robertk1834
      I’m trying to get Kitco to have Michelle Makori wall calendars 📆😂

    • @snowyowl6892
      @snowyowl6892 Před měsícem

      Who are you referring to

  • @3owlpro
    @3owlpro Před měsícem +4

    Taiwan province of China fears of China Top Gold Buyer.

  • @sensenisok
    @sensenisok Před měsícem +1

    Chiner 😅

  • @eu7435
    @eu7435 Před měsícem +5

    Since Peter G. didn't answer the question posed in the video title, I'll try. China is buying gold because they will need it during the invasion of Taiwan. Russia has been using its gold reserves to buy things during the sanctions and China sees how well thats working for Russia. China is stockpiling other goods for the war, if anyone is curious.

    • @chasehsieh9004
      @chasehsieh9004 Před měsícem

      I agree with your answer that the CCP is preparing to invade Taiwan to purchase gold as much as possible. The Taiwan government is aware of that and is preparing for that as well. It would be catastrophic in the world if Communist China made this move. If China's economy worsens, X might take a risk.

    • @gener8423
      @gener8423 Před měsícem

      China has NEVER EVER engaged in a naval battle in their 4000 year history. Realistically, I'm not sure how they plan to "unite" with Taiwan.
      Invading Taiwan will be 10x more complicated, expensive, than Russia rolling its tanks through the border with Ukraine.

  • @george0r510
    @george0r510 Před měsícem +1

    Mr Gandich, you call it "political paralysis" , could there be a diversion on purpose, all the splits to call out political paralysis, is it called, cover your backside, the leadership is looking for an excuse, or a cover point, as they are not leaders, and do not know how to make the first move to respond to this situation. They are frozen in the headlights, not leaders, and want to be called deer in the head lights, being a leader requires taking responsibility. The leadership is proven to be spinless, and all they want is the pension, not the leadership, or we would not be in such a situation.

  • @superstar5123
    @superstar5123 Před měsícem +2

    Peter brandish saying "chiner" 🤣

  • @petehart5622
    @petehart5622 Před měsícem

    Ahh, I see you found your razer!

  • @wongsy1704
    @wongsy1704 Před měsícem +2

    Stick to gold, your geopolitics sucks big time. 😂

  • @JO-bw5wx
    @JO-bw5wx Před měsícem +1

    Stup!d Questions, gold nothing to do with Taiwan.

    • @gener8423
      @gener8423 Před měsícem

      Agree.
      China has NEVER EVER engaged in a naval battle in its 4000 year history. Realistically, I'm not sure how they plan to "unite" with Taiwan.
      Invading Taiwan will be 10x more complicated, expensive, than Russia rolling its tanks through the border with Ukraine.

  • @bradleyjordan5365
    @bradleyjordan5365 Před měsícem +1

    Bitcoin is selling off right now.

    • @gener8423
      @gener8423 Před měsícem +1

      57k and going down i hope. Want to buy.

    • @bradleyjordan5365
      @bradleyjordan5365 Před měsícem

      @@gener8423 Same. Hopeing it goes into the 40's so I can transfer a small inactive pension pot.

  • @michaeltuccie
    @michaeltuccie Před měsícem

    love this guy

  • @user-ol7tl1vf5m
    @user-ol7tl1vf5m Před měsícem

    What distinguishes gold from fiat currency? Can the average individual, who is mobile, easily spend gold today? Holding onto gold is akin to closing the jail cell door in front of you and locking yourself up.

  • @JimJamJuicy
    @JimJamJuicy Před měsícem +3

    Bitcoins not a con. This guy is.

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem +2

      That’s why he’s been around for decades , runs a successful fund , and is a millionaire now.

    • @JimJamJuicy
      @JimJamJuicy Před měsícem

      @@rudeawakening3833a millionaire Luddite. Big deal. I’d rather be a multi billionaire technologist like Saylor

    • @rudeawakening3833
      @rudeawakening3833 Před měsícem

      @@JimJamJuicy
      Or better yet that FTX kid …

    • @JimJamJuicy
      @JimJamJuicy Před měsícem

      @@rudeawakening3833lol that was set up by us gov as a money laundering op through Ukraine

    • @JimJamJuicy
      @JimJamJuicy Před měsícem

      @@rudeawakening3833 money laundering thru Ukraine that op

  • @eespn4764
    @eespn4764 Před 18 dny +1

    Last decade of US 🐍, say truth with makeup 🤣 at least

  • @kali542
    @kali542 Před měsícem +1

    re: China "it is in their blood they must unite" (with Taiwan). Ask Tibet about that one.

    • @boiscooka232
      @boiscooka232 Před měsícem

      Dalai lama is pedo 😂

    • @gener8423
      @gener8423 Před měsícem

      China has NEVER EVER engaged in a naval battle in their 4000 year history. Don't know how they plan to "unite" with Taiwan.

    • @Amidat
      @Amidat Před měsícem

      If you believe the recent narrative that China invaded Tibet in 1950 - then ask yourself when the UN was founded a few years before - Tibet was NOT a member nation. Interesting fact. The government on Taiwan is legally called the Republic of China. Go check their constitution. They claim Tibet too. Put the links together and that will answer why Tibet wasn't considered a country. Just like with capital and mineral markets - don't trust the official narrative to know the truth.

  • @COUNTINGSLURPULA
    @COUNTINGSLURPULA Před měsícem +1

    Woe! Woe! Woe!!
    You used to say that "silver is like kissing your sister, compared to gold." What the heck does that even mean!?
    I'm glad i didn't hear that 40 years ago. What i heard was. "This silver is my gold kid." per~ my grandfather
    Gold and silver are GOD'S MONEY.. Hence the reason why our forefathers constucted the Constitution & Bill of Rights the way they did.
    Yet the FED trusts in the gods of war, that move to plunder all GOD'S MONEY.
    GOOD LUCK WITH THAT YA VOMITOUS THINGS!!

  • @feelnrite
    @feelnrite Před měsícem

    Peter was pushing Arizona Metals and it has done awful. Dont listen to this clown.

  • @covidfartfog8076
    @covidfartfog8076 Před měsícem +2

    Kitco….how to say something without saying anything

    • @gener8423
      @gener8423 Před měsícem

      honestly i can say the same thing about your comment... LOL

    • @covidfartfog8076
      @covidfartfog8076 Před měsícem

      @@gener8423 so say it

  • @imyourdaddyyesiam
    @imyourdaddyyesiam Před měsícem

    Morale of the story......SILVER=INBRED