Peter Grandich: Why Is China Top Gold Buyer Right Now? What’s Behind the Record Gold-Buying Streak?

Kitco News, Released on 5/1/24

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.

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

Peter Grandich & Company specializes in retirement, business and estate planning, that operates with the slogan that they “enable common people to attain uncommon results.” The company was formed by Peter following decades of experience in the markets, having served in roles that include Chief Market Strategist, Portfolio Manager, and Head of Investment Strategy among others. Peter’s website –

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