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.

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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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.

[WTHH]

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

[danharvey]

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

[Skiptickle]

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.

[runlwri]

Jeremy is very professional & refreshing to watch! 👍🏽

[lxylisw]

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

[chuqing]

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

[johnbethea]

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

[ronsbasement]

Great interview. Peter Grandich is the BEST!

[olamiakeem]

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

[VT-ixoh]

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

[jobbingactor]

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

[snowyowl]

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

[svd]

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

[daveyou]

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

[romulus]

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

[WilliamBang]

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

[ajaydesai]

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

[MinotauroTrading]

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

[TwitchRadio]

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

[douglas]

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.