Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching The Final Moment! China's Strategic Moves To Revolutionize Gold Prices - Andy Schectman. and this video is uploaded by InvestoTime at 2024-07-06T03:37:18-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [RKbT-nEuwsY]
| Name | The Final Moment! China's Strategic Moves To Revolutionize Gold Prices - Andy Schectman |
| Video Uploader | Video From InvestoTime |
| Upload Date | This Video Uploaded At 06-07-2024 10:37:18 |
| Video Discription | The Final Moment! China's Strategic Moves To Revolutionize Gold Prices - Andy Schectman #gold #goldpriceprediction #andyschectman "Hello and welcome to our channel, exclusively focused on gold and silver investment! In today's video, we delve deep into the ever-evolving trends within the gold and silver markets, offering expert insights and analysis. Uncover a plethora of investment strategies tailored to precious metals, spanning from gold and silver bullion to coins and jewelry. Stay abreast of the latest developments with real-time price updates and comprehensive market news. Learn the art of portfolio diversification with the timeless allure of gold and silver. Whether you're a novice or seasoned investor, our channel is your go-to resource, providing invaluable tips and guidance for navigating the intricate realm of precious metal investments." Subscribe now: www.youtube.com/@InvestoTime #gold #goldpriceprediction #andyschectman #goldprice -------------------------------------------------- Gold has had a stellar year so far. From April 2023 to February 2024, gold prices hovered around $2,000 per troy ounce. By mid-May, prices surged to over $2,420 per troy ounce before stabilizing at approximately $2,350 in early June. Although gold prices have slightly receded from their peak, they remain 10% higher than at the start of the year, currently trading at about $2,330 per troy ounce. A significant driver of this rally has been substantial central bank purchases by emerging countries, particularly China. The People's Bank of China aggressively bought gold for 18 consecutive months, stopping only in May when gold reached its record high. China's strategy towards gold buying has long been understated. Official figures regarding their gold reserves have remained static, despite China being the world's largest gold producer, mining between 400 to 500 metric tons annually. Market analyst Andy Schectman notes that China's approach is highly strategic. By not fully disclosing their purchases, China can influence the market. Media reports of China halting gold purchases often lead to price dips, allowing China to buy more gold at lower prices, thereby acquiring gold more favorably. India, on the other hand, has focused heavily on silver over the past two and a half years, importing 600 to 700 million ounces of silver from the West. This volume is significantly larger than the available registered silver on the market. The London Bullion Market Association (LBMA) reports about 800 million ounces of silver, with only 300 million unencumbered. China and India are capitalizing on the suppressed Western precious metals markets, systematically depleting physical silver and gold exchanges. Andy interprets these moves as part of a strategic long-term plan to bolster their reserves of precious metals, positioning themselves for potential major economic shifts ahead. We will present clips from Andy Schectman's interview. Andy highlights that the gold and silver markets are plagued by unscrupulous companies exploiting investors. These firms often operate under a veil of anonymity, making it challenging to hold them accountable. A common tactic is selling quarter-ounce gold coins at suspiciously high prices, ranging from $800 to $1,200 each. These companies market these coins as rare and highly profitable investments, but this is merely a deceptive ploy. The coins are significantly marked up, taking advantage of customers who trust their misleading sales tactics. -------------------------------------------------- #gold #silver #goldandsilverinvesting #goldinvesting Business & Copyright Issues email: a86387089@gmail.com DISCLAIMER: It's important to note that I am not a financial adviser and you should research stocks to invest in. These are just some of the viewpoints, by no means would I recommend watching one YouTube video and immediately buying that stock. This video was made for educational and entertainment purposes only. Consult your financial adviser. 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use. For any concerns or business inquiries don't hesitate to contact us via email in the “About” section of the channel. [RKbT-nEuwsY] |
| Category | Education |
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