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Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair
Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair
ratings:
Length:
14 minutes
Released:
Mar 1, 2023
Format:
Podcast episode
Description
Silver has a lot of the same fundamentals that gold has and a few more," says Randy Smallwood, president and CEO of Wheaton Precious Metals. "Silver conducts electricity better than any other metal in the world," he tells Daniela Cambone at GSA Investor Day 2023. "We are seeing increasing investments on silver's side, it continues to grow year after year... The fundamentals are just stronger for silver," Smallwood asserts. "We saw the U.S. dollar weaponized so a lot of central banks around the world made a big swap toward the gold space," he continues. "Gold is apolitical, it's accepted around the world, and it's not subject to the political influence the U.S. dollar has," Smallwood reiterates. "It's very unlikely the world would accept the renminbi as a reserve currency, but they're going to try to get it to the same credibility that the U.S. dollar has," he warns. "We're well down the path of central bank digital currencies already," Smallwood concludes.
Released:
Mar 1, 2023
Format:
Podcast episode
Titles in the series (100)
Gold Holding Its Ground, Strong Junior Miners Still Standing: "Gold is being tested as a store of value, and is holding its own," asserts Scott Berdahl, Snowline Gold Corp. Co-Founder and CEO. "$1,800 gold is not that bad of a thing, a lot of [mining] companies are making a lot of money right now," he tells our... by The Daniela Cambone Show