Ross Norman: Gold's Record Highs Driven by China, What Happens Now?

Рет қаралды 5,617

Күн бұрын

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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Пікірлер: 19

@hangfire6368 Ай бұрын

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.

@bobbylove5711 Ай бұрын

Fantastic episode! Love this guy ! Super exciting times ahead !🎉 thanks for your excellent work!

@ILLUMINATOR49 Ай бұрын

Excellent guest 🙏👍🖖

@ronfesta771 Ай бұрын

Yep, any relation of.......Boris!@!?😁🤪

@manfredh.7460 Ай бұрын

Excellent insight, very convincing.

@darrellcross4538 Ай бұрын

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.

@pds002 Ай бұрын

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.

@ronfesta771 Ай бұрын

Me thinketh would to get some., Aussies doing these type of.......financial podcasts!@!?😉

@4ninefine199 Ай бұрын

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.

@lindabarlow1593 Ай бұрын

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.

@geronimobones Ай бұрын

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

@helmiheeb Ай бұрын

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