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This interview was filmed on October 20, 2022.
Physical demand for gold is “very, very strong,” but western buyers seem to have missed the memo. Mark Yaxley of bullion dealer SWP said that people in eastern countries like China and India are taking advantage of low prices to snap the yellow metal up.
“My advice … to my clients, who are mostly Canadians and Americans, is maybe you should be mirroring eastern investors and taking advantage of these dips at this price level,” he commented, noting that westerners tend to wait until prices rise to buy.
#Investing #Gold #Silver
0:00 – Intro
0:32 – Sentiment positive at the LBMA event
1:44 – Physical demand “very, very strong”
5:10 – Western investors missing out on a sale
7:52 – ESG in focus, still a long way to go
12:36 – Mining industry pursuing new tech
14:25 – Gold, silver price expectations
18:33 – Outro
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