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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[@WTHH2]

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

[@danharvey61]

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.

[@snowyowl6892]

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]

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.

[@user-lx4yl3is2w]

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

[@chuqing99]

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

[@Bullish369]

pete is a scumbag hustler

[@darrenschroeder8914]

Great job Jeremy ❤ Love From Manitoba

[@ctsax64]

Great interview.

[@johnbethea4505]

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

[@olamiakeem6359]

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

[@user-ru9nl5wr7i]

Jeremy is very professional & refreshing to watch! 👍🏽

[@anthonyjackson31]

Jeremy is smooth 👍🏼

[@ampovpodcast1624]

Great show 👏🏿

[@ronsbasement]

Great interview. Peter Grandich is the BEST!

[@bradleyjordan5365]

Hey Ron, I just came from your last video haha

[@briangranger1741]

rational, logical, honest. one of the more reasonable voices.

[@rudeawakening3833]

I agree !!!

[@Bullish369]

hes the best at selling his penny stocks to elderly - you should get our of your basement ron

[@JohnnyWright927]

Your video serves as a calming beacon, particularly when financial markets are in tumult. Your analysis offers a prudent course of action, fitting seamlessly with the current stage of the economic cycle. Nonetheless, one cannot overlook the expanding mainstream adoption of cryptocurrencies since 2019, as well as the fervent discourse surrounding prospective Bitcoin and Ethereum ETFs. Might these elements sustain the market in this particular cycle? Speculation abounds that we are on the verge of a significant market upswing, making this a moment of great import for any discerning investor. My own portfolio, enriched by 34 bitcoins in a mere seven-week interval, serves as a compelling testament to Adriana Jensen wisdom..

[@CindyHowkins]

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@KatFox622]

The internet is filled with so many useful information about Adriana Jensen’s crypto….

[@AndrewCunningham726]

Thank you. I have searched her up on the internet browser, I think I am satisfied with her experience.

[@sSaraBethWilliamKeel]

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

[@BobStewart696]

Adriana Jensen knows her stuff! her advice have been invaluable to my trading journey. Definitely worth giving a shot!

[@VT-ix5oh]

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]

Kazastan as intermediary. For whom🤷‍♀️

[@70svd]

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]

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.

[@jobbingactor]

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

[@snowyowl6892]

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

[@daveyou35]

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

[@romulus1300]

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

[@rudeawakening3833]

Is all state owned . They import gold , but ANY AND ALL mined gold in China - STAYS in China .

[@ajaydesai8940]

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

[@renjit9044]

you'll see more people make better money in crypto

[@rudeawakening3833]

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]

Ajay when are the Indians going to buy the dip?

[@ajaydesai8940]

In dollar term 2190 to 2245 is good buying opportunity.

[@MinotauroTrading]

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

[@WilliamBang]

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

[@douglas2835]

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.

[@TwitchRadio]

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

[@kenrebro2746]

Why is nobody calling out the average citizen for not saving?

[@brad7932]

The average citizen is struggling to keep their head above water.

[@qake2021]

👍👍 🇨🇳 is converting US$ to gold. 👍👍

[@daveforgot127]

What happened to the pretty girl that used to be on kitco?

[@robertk1834]

Michelle Makori? You can't even remember her name?

[@rudeawakening3833]

@@robertk1834 I’m trying to get Kitco to have Michelle Makori wall calendars 📆😂

[@snowyowl6892]

Who are you referring to

[@charlesscott1849]

Yep how did BRICS go. I like gold but I’m not like these clowns hawking gold.

[@3owlpro]

Taiwan province of China fears of China Top Gold Buyer.

[@george0r510]

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.

[@sensenisok]

Chiner 😅

[@eu7435]

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]

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]

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.

[@petehart5622]

Ahh, I see you found your razer!

[@wongsy1704]

Stick to gold, your geopolitics sucks big time. 😂

[@eespn4764]

Last decade of US 🐍, say truth with makeup 🤣 at least

[@JO-bw5wx]

Stup!d Questions, gold nothing to do with Taiwan.

[@gener8423]

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.

[@JimJamJuicy]

Bitcoins not a con. This guy is.

[@rudeawakening3833]

That’s why he’s been around for decades , runs a successful fund , and is a millionaire now.

[@JimJamJuicy]

@@rudeawakening3833a millionaire Luddite. Big deal. I’d rather be a multi billionaire technologist like Saylor

[@rudeawakening3833]

@@JimJamJuicy Or better yet that FTX kid …

[@JimJamJuicy]

@@rudeawakening3833lol that was set up by us gov as a money laundering op through Ukraine

[@JimJamJuicy]

@@rudeawakening3833 money laundering thru Ukraine that op

[@kali542]

re: China "it is in their blood they must unite" (with Taiwan). Ask Tibet about that one.

[@boiscooka232]

Dalai lama is pedo 😂

[@gener8423]

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]

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.

[@bradleyjordan5365]

Bitcoin is selling off right now.

[@gener8423]

57k and going down i hope. Want to buy.

[@bradleyjordan5365]

@@gener8423 Same. Hopeing it goes into the 40's so I can transfer a small inactive pension pot.

[@superstar5123]

Peter brandish saying "chiner" 🤣

[@COUNTINGSLURPULA]

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!!

[@user-ol7tl1vf5m]

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.

[@feelnrite]

Peter was pushing Arizona Metals and it has done awful. Dont listen to this clown.

[@michaeltuccie]

love this guy

[@covidfartfog8076]

Kitco….how to say something without saying anything

[@gener8423]

honestly i can say the same thing about your comment... LOL

[@covidfartfog8076]

@@gener8423 so say it

[@imyourdaddyyesiam]

Morale of the story......SILVER=INBRED