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

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
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Пікірлер: 104

  • @WTHH2
    @WTHH2Ай бұрын

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

  • @danharvey61
    @danharvey61Ай бұрын

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

  • @Skiptickle
    @SkiptickleАй бұрын

    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

    Ай бұрын

    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

    Ай бұрын

    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.

  • @darrenschroeder8914
    @darrenschroeder8914Ай бұрын

    Great job Jeremy ❤ Love From Manitoba

  • @user-ru9nl5wr7i
    @user-ru9nl5wr7iАй бұрын

    Jeremy is very professional & refreshing to watch! 👍🏽

  • @chuqing99
    @chuqing99Ай бұрын

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

  • @Bullish369

    @Bullish369

    8 күн бұрын

    pete is a scumbag hustler

  • @ctsax64
    @ctsax64Ай бұрын

    Great interview.

  • @user-lx4yl3is2w
    @user-lx4yl3is2wАй бұрын

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

  • @anthonyjackson31
    @anthonyjackson31Ай бұрын

    Jeremy is smooth 👍🏼

  • @ampovpodcast1624
    @ampovpodcast1624Ай бұрын

    Great show 👏🏿

  • @ronsbasement
    @ronsbasementАй бұрын

    Great interview. Peter Grandich is the BEST!

  • @bradleyjordan5365

    @bradleyjordan5365

    Ай бұрын

    Hey Ron, I just came from your last video haha

  • @briangranger1741

    @briangranger1741

    Ай бұрын

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

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

    I agree !!!

  • @Bullish369

    @Bullish369

    8 күн бұрын

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

  • @johnbethea4505
    @johnbethea4505Ай бұрын

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

  • @olamiakeem6359
    @olamiakeem6359Ай бұрын

    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

  • @jobbingactor
    @jobbingactorАй бұрын

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

  • @VT-ix5oh
    @VT-ix5ohАй бұрын

    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

    Ай бұрын

    Kazastan as intermediary. For whom🤷‍♀️

  • @snowyowl6892
    @snowyowl6892Ай бұрын

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

  • @70svd
    @70svdАй бұрын

    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

    Ай бұрын

    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.

  • @MinotauroTrading
    @MinotauroTradingАй бұрын

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

  • @romulus1300
    @romulus1300Ай бұрын

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

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

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

  • @daveyou35
    @daveyou35Ай бұрын

    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

  • @WilliamBang
    @WilliamBangАй бұрын

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

  • @ajaydesai8940
    @ajaydesai8940Ай бұрын

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

  • @renjit9044

    @renjit9044

    Ай бұрын

    you'll see more people make better money in crypto

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

    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

    Ай бұрын

    Ajay when are the Indians going to buy the dip?

  • @ajaydesai8940

    @ajaydesai8940

    Ай бұрын

    In dollar term 2190 to 2245 is good buying opportunity.

  • @douglas2835
    @douglas2835Ай бұрын

    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.

  • @kenrebro2746
    @kenrebro2746Ай бұрын

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

  • @brad7932

    @brad7932

    27 күн бұрын

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

  • @qake2021
    @qake2021Ай бұрын

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

  • @TwitchRadio
    @TwitchRadioАй бұрын

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

  • @sensenisok
    @sensenisokАй бұрын

    Chiner 😅

  • @charlesscott1849
    @charlesscott1849Ай бұрын

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

  • @daveforgot127
    @daveforgot127Ай бұрын

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

  • @robertk1834

    @robertk1834

    Ай бұрын

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

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

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

  • @snowyowl6892

    @snowyowl6892

    Ай бұрын

    Who are you referring to

  • @3owlpro
    @3owlproАй бұрын

    Taiwan province of China fears of China Top Gold Buyer.

  • @petehart5622
    @petehart5622Ай бұрын

    Ahh, I see you found your razer!

  • @superstar5123
    @superstar5123Ай бұрын

    Peter brandish saying "chiner" 🤣

  • @george0r510
    @george0r510Ай бұрын

    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.

  • @wongsy1704
    @wongsy1704Ай бұрын

    Stick to gold, your geopolitics sucks big time. 😂

  • @eu7435
    @eu7435Ай бұрын

    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

    Ай бұрын

    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

    Ай бұрын

    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.

  • @JO-bw5wx
    @JO-bw5wxАй бұрын

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

  • @gener8423

    @gener8423

    Ай бұрын

    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
    @bradleyjordan5365Ай бұрын

    Bitcoin is selling off right now.

  • @gener8423

    @gener8423

    Ай бұрын

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

  • @bradleyjordan5365

    @bradleyjordan5365

    Ай бұрын

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

  • @kali542
    @kali542Ай бұрын

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

  • @boiscooka232

    @boiscooka232

    Ай бұрын

    Dalai lama is pedo 😂

  • @gener8423

    @gener8423

    Ай бұрын

    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

    Ай бұрын

    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.

  • @eespn4764
    @eespn476425 күн бұрын

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

  • @user-ol7tl1vf5m
    @user-ol7tl1vf5mАй бұрын

    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.

  • @COUNTINGSLURPULA
    @COUNTINGSLURPULAАй бұрын

    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!!

  • @JimJamJuicy
    @JimJamJuicyАй бұрын

    Bitcoins not a con. This guy is.

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

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

  • @JimJamJuicy

    @JimJamJuicy

    Ай бұрын

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

  • @rudeawakening3833

    @rudeawakening3833

    Ай бұрын

    @@JimJamJuicy Or better yet that FTX kid …

  • @JimJamJuicy

    @JimJamJuicy

    Ай бұрын

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

  • @JimJamJuicy

    @JimJamJuicy

    Ай бұрын

    @@rudeawakening3833 money laundering thru Ukraine that op

  • @anonymousbyname
    @anonymousbynameАй бұрын

    love this guy

  • @feelnrite
    @feelnriteАй бұрын

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

  • @covidfartfog8076
    @covidfartfog8076Ай бұрын

    Kitco….how to say something without saying anything

  • @gener8423

    @gener8423

    Ай бұрын

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

  • @covidfartfog8076

    @covidfartfog8076

    Ай бұрын

    @@gener8423 so say it

  • @imyourdaddyyesiam
    @imyourdaddyyesiamАй бұрын

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

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