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
Every sovereign countries do not want to hold another's debt and be held hostage.
Gold is a great anchor to your wealth. And right now it’s doing better than bonds.
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
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
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.
Great job Jeremy ❤ Love From Manitoba
Jeremy is very professional & refreshing to watch! 👍🏽
Totally agree with Peter's comments on Bitcoin's relationship with gold. Well said.
@Bullish369
8 күн бұрын
pete is a scumbag hustler
Great interview.
The moment i saw this title , i felt sorry for your paranoid but admire your ability to create issues out of thin air .
Jeremy is smooth 👍🏼
Great show 👏🏿
Great interview. Peter Grandich is the BEST!
@bradleyjordan5365
Ай бұрын
Hey Ron, I just came from your last video haha
@briangranger1741
Ай бұрын
rational, logical, honest. one of the more reasonable voices.
@rudeawakening3833
Ай бұрын
I agree !!!
@Bullish369
8 күн бұрын
hes the best at selling his penny stocks to elderly - you should get our of your basement ron
When a country's money is devalued, they lose the allegeny of their people..
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
New suit. Good colour. Ref interview, half agree, not sold on it all.
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
Ай бұрын
Kazastan as intermediary. For whom🤷♀️
Michelle, love the pale green (Did you know that the heart chakra has two colours .. pale green and rose pink. (fyi 😊)
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
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.
Faster your seat belts this will be a bumpy ride my friends.
Who is the biggest miner in Chiner? Is there datter to show us?
@rudeawakening3833
Ай бұрын
Is all state owned . They import gold , but ANY AND ALL mined gold in China - STAYS in China .
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
"Big Money" He literally means Nations (countries), not regular people or investment firms.
Hi I am Ajay from India I am 100,% agree with Peter.... because in India people of are extremely bullish on gold.
@renjit9044
Ай бұрын
you'll see more people make better money in crypto
@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
Ай бұрын
Ajay when are the Indians going to buy the dip?
@ajaydesai8940
Ай бұрын
In dollar term 2190 to 2245 is good buying opportunity.
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.
Why is nobody calling out the average citizen for not saving?
@brad7932
27 күн бұрын
The average citizen is struggling to keep their head above water.
👍👍 🇨🇳 is converting US$ to gold. 👍👍
All I got to say is duh 😂... anyways thanks for the news guys😎✌️
Chiner 😅
Yep how did BRICS go. I like gold but I’m not like these clowns hawking gold.
What happened to the pretty girl that used to be on kitco?
@robertk1834
Ай бұрын
Michelle Makori? You can't even remember her name?
@rudeawakening3833
Ай бұрын
@@robertk1834 I’m trying to get Kitco to have Michelle Makori wall calendars 📆😂
@snowyowl6892
Ай бұрын
Who are you referring to
Taiwan province of China fears of China Top Gold Buyer.
Ahh, I see you found your razer!
Peter brandish saying "chiner" 🤣
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.
Stick to gold, your geopolitics sucks big time. 😂
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
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
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.
Stup!d Questions, gold nothing to do with Taiwan.
@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.
Bitcoin is selling off right now.
@gener8423
Ай бұрын
57k and going down i hope. Want to buy.
@bradleyjordan5365
Ай бұрын
@@gener8423 Same. Hopeing it goes into the 40's so I can transfer a small inactive pension pot.
re: China "it is in their blood they must unite" (with Taiwan). Ask Tibet about that one.
@boiscooka232
Ай бұрын
Dalai lama is pedo 😂
@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
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.
Last decade of US 🐍, say truth with makeup 🤣 at least
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.
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!!
Bitcoins not a con. This guy is.
@rudeawakening3833
Ай бұрын
That’s why he’s been around for decades , runs a successful fund , and is a millionaire now.
@JimJamJuicy
Ай бұрын
@@rudeawakening3833a millionaire Luddite. Big deal. I’d rather be a multi billionaire technologist like Saylor
@rudeawakening3833
Ай бұрын
@@JimJamJuicy Or better yet that FTX kid …
@JimJamJuicy
Ай бұрын
@@rudeawakening3833lol that was set up by us gov as a money laundering op through Ukraine
@JimJamJuicy
Ай бұрын
@@rudeawakening3833 money laundering thru Ukraine that op
love this guy
Peter was pushing Arizona Metals and it has done awful. Dont listen to this clown.
Kitco….how to say something without saying anything
@gener8423
Ай бұрын
honestly i can say the same thing about your comment... LOL
@covidfartfog8076
Ай бұрын
@@gener8423 so say it
Morale of the story......SILVER=INBRED