Central Banks Are Quietly Hoarding More Gold Than Ever, This Is Why - Joe Cavatoni

Jeremy Szafron, Anchor at Kitco News, interviews Joe Cavatoni, Senior Market Strategist for the Americas at the World Gold Council. Cavatoni provides an in-depth analysis of the gold market in 2024, detailing central banks' strategic accumulation of gold to hedge against economic and geopolitical risks. He explains the significant increase in gold reserves by developing economies and the role of gold as a liquid shock absorber. Cavatoni discusses the dynamic shift in gold investment between Eastern and Western markets, highlighting the surge in demand from China and India. He also covers technological advancements in gold tracking with blockchain, the impact of inflation and interest rates on gold prices, and the future outlook for gold driven by geopolitical tensions and economic data, concluding with insights into the sustained high demand for gold and its implications for global economic stability.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Joe Cavatoni on X: @JCavatoni_WGC ( / jcavatoni_wgc )
00:00 - Introduction
01:01 - Central Bank Gold Purchases
03:01 - Technological Advancements in Gold Tracking
06:01 - Geopolitical Impact on Gold Demand
09:01 - Emerging Market Dynamics
12:01 - Western vs. Eastern Gold Investment
15:01 - Impact of Economic Data on Gold Prices
18:01 - Strategic Importance of Gold in Central Bank Portfolios
21:01 - Future Outlook for the Gold Market
24:01 - Conclusion and Key Takeaways
#GoldMarket #CentralBanks #GoldInvestment #BlockchainTechnology #GeopoliticalTensions #EmergingMarkets #EconomicData #GoldPrices #KitcoNews #JoeCavatoni #JeremySzafron #GoldDemand #InvestmentTrends #goldchina #chinagold #brics #commoditiesmarket
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[@claudeclarke3469]

Tracking gold? No thanks!!!

[@user-qy2ig8fb6j]

Tracking Gold, sounds like the government. People who buy gold also have Sigma Verifiers etc... They probably don't want help from the government!!!

[@carwebcolivecom]

def gov spiel'

[@DoctorBillTheRadioMan]

Digitization of Gold. Would this be just another way to manipulate the price of Gold as is done with Silver?

[@TonyL-gw4qx]

Count me out especially with his ESG garbage!

[@GillAgainsIsland12]

Hear THAT!

[@user-cg8yw1uc3v]

Sounds like a scumbag

[@DoctorBillTheRadioMan]

Digitization ~ If You Don't Hold It, You Don't Own It.

[@mmmjd-usa]

On account of "confidence" and "purity" you can keep your traceability. I already know who is serious and who is not, and don't need big brother breathing down my neck. Thank you.

[@cheaplaughkennedy2318]

Nixon did say it was temporary of course that was over fifty years ago 🤔

[@derkong7114]

Maybe the world would be much better off without a World Gold Council... Who pays his salary and why?

[@malcolmliang]

I don't want to touch anything ESG I would rather buy from an African warlord thanks.

[@robertmcintosh8773]

Fed - digital reserve -Treasury bond Ponsi scheme

[@takethepowerback83]

And they’re buying bitcoin etfs

[@MrEthos7]

He would be confused and just wondering why there is so much gold on the bottom of lakes and oceans. Sooooo many boating accidents.

[@jasonYT6988]

This year gol price can go higher again like sky Rocket

[@AmericanHinoki]

Track/trace/database the exact opposite of why people own gold !

[@BufordPusser582]

Great interview thanks

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

[@habyalexandru2265]

Get curency out of the banks Buy gold and silver

[@derkong7114]

Tracking and Tracing means taxation and confiscation... Hell NO!!!!! I would never buy gold that can be traced... At that point just buy fools gold (BTC)..

[@thereignofthezero225]

So am I.

[@HemalSharma-gn6vp]

Impressed by Revux's commitment to user control and privacy! The decentralized KYC and personal data vault set a new standard for security.

[@kurgin]

smooth operator

[@ditoone2946]

Blockchain and ESG in Gold.. talk about knowing your customer base LOL

[@IlluminatusNovous]

CB’s are buying gold for currencies Reval post GESARA.

[@thangamani8518]

Revux's technology is ahead of its time. This will be huge!

[@commonsense6967]

No ESG is allowed in FL!

[@andreavandekleut6379]

turn in your gold for silver , call your coin shop or dealer , see what deal they can give you , constitutional silver or pre-2022 eagle's.

[@sophiasartsandcrafts36]

OK, so basically what he saying is.And correct me if I'm wrong.He's explaining it as government control?Government control government control government control government control government control government control.Government control ohhhl, and did I say government control

[@AsikKhan-wr8uo]

Revux's recent update shows they're serious about success.

[@dandanse4761]

Gold has to be at at least 3200 to be near record value. It hit 856.00 in 1980. Multiply that by four and you get over 3400. That covers inflation.

[@ngocanhkaulusa]

Gold is good long term investment

[@Simonpt2000]

Absolutely

[@user-cg8yw1uc3v]

This dude is a clown im not interested

[@infamouscraze6059]

Look up the debt clock gold and silver ratio to actual contracts youll see that you're getting ripped..

[@briki5]

He praises ESG in the minning industry?!

[@MadnSad]

Trackless conversation.

[@robertsavage677]

Trust the "system"? No,no,no!

[@SouthernFryd]

You own gold. You don't need a "database" to track your gold. You don't need digital anything. You own gold. The "World Gold Council?" Yeah, they want databases. They wanna know. They want a say, to be heard, to have...an affect or some control on Gold? Yeah... They are a Complete antithesis to what Gold is all about. C'mon Kitco...

[@tempst4]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 11B TC in the space of a few weeks... I'm especially grateful to Aaron Gavin whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[@user-wf4pf7vf1r]

I just want to know if the U.S. Constitution, means anything to you?

[@waitawhileexplorer3904]

Lip sync is annoyingly out.

[@atcpopo]

Tracking to know what you get your hands on so you can short the paper trade with XXX levarage hahah. Nope, not interested!

[@Simonpt2000]

When you see Michael Burry is buying gold....you might want to too

[@bbustin1747]

He bought his wife a nice gold chain during Christmas. It’s time

[@EroticOnion23]

What halfwit with gold would volunteer to be tracked on some "chain" lol 😆 "A fool and his money are soon parted"

[@idarpolden5913]

This database do not make sense at all.

[@davidc2597]

The wokester with his ESG and tracking gold. No thanks.

[@BrandyHeng007]

US 8000 metric ton Gold Reserves equivalent to 800 billion Dollars, the same amount owing to China, in short it belongs to China 😂

[@thereignofthezero225]

Boring

[@JB-he1jt]

Gold is garbage unless it's a statue from ancient Egypt!!

[@TeddyBess]

Staaaaaap.

[@TeddyBess]

Great. Sell me your PM's, then....

[@user-jd5oq9rn8p]

Ill take all.your garbage that is gold!! Anytime anywhere!!

[@btimothygordon2777]

Will trade my currently held fiat for every oz you'll trade...schmuck

[@bv-zh6hy]

Wow.

[@carwebcolivecom]

Basel Rules & Russia standing up has set Gold equal or best liquid financial instrument