China Is Coming for Your Gold Next! Gold Accumulation Will Shatter All Expectations - Andy Schectman

Robust gold buying has propelled the premium for gold traded on the Shanghai Gold Exchange to unprecedented heights. Chinese buyers have consistently paid an average premium of $40 above the London Bullion Market Association benchmark in the first four months of this year.
What's particularly noteworthy is the change in behavior among Chinese investors. Historically, they've sold gold at rising prices. Still, over the last several months, despite the rising gold price and the substantial premium, they have continued to pile into gold, particularly physical bullion in the form of bars and coins.

According to Andy Schectman, the Shanghai Gold Exchange has emerged as a key player in the global gold trade, surpassing the New York COMEX in combined average daily volume. This rapid growth highlights the changing dynamics of the gold market, with Shanghai now ranking as the world's second-largest gold trading hub after the London Bullion Market Association. These developments carry profound implications, signaling China's strategic endeavor to dominate the gold market and marking a systematic erosion of Western dominance.

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

Credit: Liberty and Finance
Shanghai Gold Exchange Bleeding Dry COMEX & LBMA | Andy Schectman
   • Shanghai Gold Exchange Bleeding Dry C...  

#gold #goldpriceprediction #andyschectman #silver