Do you have proper protection for your portfolio? If not, gold might be the solution for you. Rich Checkan is here today to discuss the "stealth gold market." He delves into the cultural differences in gold ownership between Eastern and Western investors. He also touches on the distinct dynamics of the silver market and the industrial uses and market behavior of platinum and palladium. We also discuss the manipulation of gold prices and the broader implications of the massive money printing and national debt on the gold market.
Today we discuss...
- Asset Strategies International deals in gold, silver, platinum, palladium, bars, coins, certificates, and rare coins.
- The current gold market is described as a "stealth gold market" due to its consolidation and recent breakout.
- Western investors are hesitant to buy gold at high prices, while Eastern buyers and central banks support the market.
- There has been a significant transfer of gold from the West to the East.
- The premiums for gold are higher on the Shanghai Gold Exchange compared to the London Exchange.
- Central banks are buying gold to reduce their dollar reserves and increase holdings in gold.
- The silver market is also seeing interest, with silver prices at about 50-60% of their all-time highs.
- Platinum and palladium are primarily industrial metals, used in jewelry and catalytic converters.
- The demand for silver is expected to increase due to its use in green technologies like solar panels.
- The gold market is influenced by various factors, including geopolitical issues and economic concerns.
- Central bank buying of gold has been high due to concerns about the US dollar and debt.
- The relationship between debt, currency, and gold is often misunderstood, leading to underestimation of gold's value.
For more information, visit the show notes at https://moneytreepodcast.com/protection-for-your-portfolio-rich-checkan-634
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