Economist’s “News and Views” 11-6-2024

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Gold’s Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni

Kitco News:  11-5-2024

Gold demand surged to historic highs in the third quarter, fueled by purchases from central banks, inflows to ETFs, and activity in opaque over-the-counter markets, as revealed in the World Gold Council’s Q3 2024 Gold Demand Trends Report.

In an interview, Jeremy Szafron, Anchor at Kitco News, discusses these findings with Joseph Cavatoni, Senior Market Strategist at the World Gold Council. Cavatoni provides a detailed breakdown of how geopolitical instability, from the U.S. election to escalating Middle Eastern tensions, is driving investors toward gold as a safe haven.

He also explains why the Western investor is getting back into gold. On top of that, he explores the impact of technology-driven demand, record mine production, and the constraints on consumer and jewelry purchases due to high prices.

00:00 – Gold’s Record Year

 01:51 – Western Investors Return to Gold

03:42 – Why Now? Western Interest Explained

05:30 – ETF Inflows Rebound

07:24 – Eastern ETF Demand Surge

10:14 – OTC Market Overview

12:07 – Challenges in Tracking OTC

15:24 – Central Bank Buying Trends

18:19 – India’s Gold Repatriation

20:14 – Geopolitical Risks & Gold

 21:40 – LBMA Conference on Central Bank Demand

24:02 – Jewelry Demand Falls Globally, India Rises

26:22 – Growth in Tech Demand for Gold

 27:49 – Trends in Bar & Coin Market

28:50 – Q3 Demand Surprises

 30:43 – Conclusion

https://www.youtube-nocookie.com/embed/zvsLPOdlqSE?feature=oembed&enablejsapi=1

STOCKS AND CRYPTO SKYROCKET! GOLD AND SILVER FALL…

Greg Mannarino:  11-6-2024

https://www.youtube-nocookie.com/embed/R55o7UrGN24?feature=oembed&enablejsapi=1

Surviving the Economic Collapse & Life Lessons – “We Have Years, Not Decades” – Frank Giustra

Daniela Cambone:  111-5-2024

Join Daniela Cambone & Frank Giustra in Italy as we explore his roots, go truffle hunting, and discuss the importance of respecting nature and good food. We also visit a rare Etruscan site, reflecting on the impermanence of empires. Don’t miss the emotional twist at the end!

https://www.youtube-nocookie.com/embed/bxeD8pblvw0?feature=oembed&enablejsapi=1