This compilation of financial insights includes videos from Deepin Moments, Arcadia Economics, and Kitco News.
Deepin Moments shares news of the UAE buying a record amount of gold to boycott the US Dollar as the weakening of Europe’s economy intensifies. Vince Lanci joins Arcadia Economics to discuss gold, silver, and mining stock funds seeing redemptions. Dominic Frisby, Founder of FlyingFrisby.com joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News to talk about China’s hold holdings being way more than what they are admitting and why they are secretly hoarding gold.
Nov 13, 2023
In today’s insightful analysis, we delve into the unprecedented global economic shifts challenging the supremacy of the U.S. dollar as the world’s reserve currency. Our discussion spans the intricate connections between U.S. geopolitical strategies and the economic slowdown gripping Europe.
Premiered Nov 13, 2023
As we approach the end of 2023, the gold price is about $100 higher, while silver is lower by about $2. Yet the mining shares have experienced another year of declines, with many of the mining stock indices trading even lower than when gold was at $1650 and silver was at $18 at the bottom of last year’s sell-off.
And in today’s report, Vince Lanci talks about how he’s become aware of 2 significant mining stock funds that are facing redemptions and have been liquidating some of their positions.
He talks about the impact this is having on the market, why they are selling, and whether it’s a matter of a different fundamental view, or a move that’s being enacted due to liquidity purposes.
So with gold and silver stock investors continuing to wonder whether we’ve hit the bottom of the sell-off yet, today’s show provides some insight into the flows that are moving the sector.
Nov 13, 2023
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dominic Frisby, Founder of FlyingFrisby.com, who explains why China is secretly buying gold. Frisby says China’s actual gold holdings are ten times larger than what is officially being reported. He discusses the weaponization of money and says that if China were to admit its real gold stash, it would equate to a declaration of war on the United States. Frisby also weighs in on the chances of a gold-backed currency and gives his price forecasts for gold and Bitcoin.
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