Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡Gold & SILVER STACKER⚡- China is Doing THIS! - (Precious Metals Update)
Transcript
- 0:00Most of us are asleep. Most Westerners are asleep as
- 0:04though what is really going on with China and with precious
- 0:08metals? Unbelievable upward moves in the
- 0:15price of gold and silver. How does that make you feel?
- 0:19But we got to pay attention to the biggest factor right now
- 0:23that will enable those massive upward moves to continue into
- 0:27the coming months, quarters and years.
- 0:30And there is no other factor that will drive the price of
- 0:34precious metals higher than China.
- 0:36Look, China is by some measures, the world's largest economy.
- 0:41By almost anybody's measure, it's the world's second largest
- 0:45economy. So what they do with precious
- 0:48metals is going to have a major impact on the price levels that
- 0:52we enjoy in the coming year. Now you need to remember
- 0:56something. Most of us are asleep.
- 0:59Most Westerners are asleep as though what is really going on
- 1:03with China and with precious metals.
- 1:06Let's dig into a couple fascinating developments and see
- 1:09if we can put this all together. Understand what we can expect as
- 1:14China continues to become a dominant player not only in the
- 1:18world economy but also in the precious metals markets.
- 1:22Let's run out to this article, which gives us a big clue as to
- 1:27how China is viewing their natural resources, viewing their
- 1:32silver and gold. China bans export of critical
- 1:36minerals to the United States as trade tensions escalate, we know
- 1:41there's a big move in the world right now nationalization.
- 1:44Now China didn't ban the export of silver and gold, but they did
- 1:48ban the the export of some critical minerals last week.
- 1:52On Tuesday, China ban exports to the United States of critical
- 1:56minerals gallium, germanium, and antimony.
- 1:59Now we do know that when it comes to silver and gold, China
- 2:02pretty much keeps all the silver and gold that they mine
- 2:07internally within their country. Sure, they sell a few Chinese
- 2:11pandas, but for the most part, they keep the lion's share of
- 2:15their metals internal within China.
- 2:18And we know they're buying gold and silver like crazy.
- 2:22We'll talk about that here in a little bit.
- 2:24But when it comes to monetary policy, when it comes to what
- 2:28the Chinese are doing right now to deal with a slowing economy,
- 2:33China vows more proactive fiscal stimulus measures, moderately
- 2:38looser monetary policy. This came out on Monday,
- 2:42December 9th, and it sent the precious metals prices soaring.
- 2:47OK, The Chinese are going to do what the United States has done
- 2:51in the other Western countries. They're going to fight the
- 2:53current economic troubles they're having with loosey
- 2:56goosey monetary policy, which will only continue to light a
- 3:01match underneath the value of silver and gold.
- 3:06I want you to think about something if you're a standard
- 3:08Chinese citizen. We don't realize this, guys.
- 3:11We are asleep. But in China, your average
- 3:13Chinese person no longer trust the residential real estate
- 3:18market. They've sustained major losses
- 3:21in their residential real estate market.
- 3:23Most Chinese are now becoming more distrustful of their stock
- 3:27market. They've had problems in their
- 3:29stock market, not like the bubble we have here in the
- 3:32United States. Bubble, bubble, double trouble,
- 3:34no. So Chinese aren't trusting the
- 3:37real estate market, aren't trusting the real estate market.
- 3:41And from what I understand, Chinese people pretty much never
- 3:44trusted the banks. What do they trust?
- 3:46Gold and silver. Does that explain why earlier in
- 3:49the year today we saw 800,800 thousand people lined up at a
- 3:55shopping mall gold store to buy gold?
- 3:58This is what's happening in our world right now.
- 4:01Also, another interesting Chinese story regarding gold.
- 4:07Gold rises as China resumes buying.
- 4:13The central bank is again and again hot off the presses on
- 4:17this. On December 9th, gold climbed to
- 4:20A2 week high at China's central bank, added bullion to its
- 4:24reserve for the first time in seven months and concerns about
- 4:29the Middle East. But the Chinese central bank
- 4:31started buying gold again for the first time in seven months.
- 4:33I think there was an 18 month straight streak prior to when
- 4:37they stopped buying that they bought for 18 straight months in
- 4:41a row. Now we're going to talk about
- 4:44another interesting factor regarding Chinas gold purchases.
- 4:48But if you wanna buy some gold or silver, if you wanna be your
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- 5:30trust. Now back to another article on
- 5:33China because it, it just seems to never end in here, right?
- 5:40On top of the fact that their central bank is buying gold,
- 5:43China also just announced that they have the world's largest
- 5:46gold deposit found worth over 80 billion U.S. dollars.
- 5:51I want to put this in perspective for you because it's
- 5:53a deposit of high quality gold ore containing around 1000
- 5:58metric tons, 1001, 100 US tons of the precious metal has been
- 6:03discovered in Central China. To put that into perspective for
- 6:07you and me, that's like 15% of all the gold that we supposedly
- 6:13have in Fort Knox. We also know that the Shanghai
- 6:17Gold Exchange, the Shanghai Futures Exchange is becoming
- 6:21more and more of a dominant player in the international
- 6:25trade of precious metals. And very interestingly, a two
- 6:29things about the Shanghai Gold Exchange, it is more of a
- 6:32physical market. It's the opposite of the COMEX
- 6:36in the LBMA, the Shanghai Gold Exchange, they're actually
- 6:39trading physical market. And as we've investigated
- 6:44extensively over the last several months, typically when
- 6:48it comes to silver in particular, you'll have a higher
- 6:51price in the physical Shanghai Gold Exchange market for
- 6:56physical silver. It's all starting to add up,
- 6:59guys. Again, a lot of our fellow
- 7:01Westerners are a little bit asleep as to what's going on.
- 7:05On top of that, we know that China is the world's
- 7:08manufacturer, right? Solar panels, electric cars.
- 7:12It's stunning the growth that the Chinese economy has achieved
- 7:16over the last several decades. And they have a voracious
- 7:20appetite. They love their gold right as a
- 7:23store of value, but they need silver like no one in the world
- 7:28has ever needed silver before. They're going directly to the
- 7:32source now in Mexico, in Peru, in binds raw silver ore that
- 7:38will never touch the Comex or the LBMA.
- 7:42It's going to be an interesting ride.
- 7:44I do want to say thank you to channel sponsor first mining
- 7:47gold. Canadian gold developer with two
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- 7:59silver mining company with operations in Latin America and
- 8:03West Africa, Africa. You can learn more about both
- 8:06those companies at their respective websites, a link to
- 8:09which I'll have in the description of this video.
- 8:12It's going to be a wild ride as we move into 2025, right, moves
- 8:18by China and again, most of our cohorts here in the West are
- 8:23asleep. We know that.
- 8:24We know Western investment in precious metals is still rather
- 8:28stagnant, while the East, right, we haven't even touched on
- 8:32India. But China alone gives us such
- 8:36reason to be optimistic and such reason to to feel comfortable
- 8:41with the fact that we've decided to store some of our wealth in
- 8:44silver, gold even or precious metal mining stocks.
- 8:48Thanks for being here, thanks for being part of the basement.
- 8:50Have a great rest of your day and I'll look forward to seeing
- 8:53you soon.