Economist’s “News and Views” Thursday 5-16-2024
Central Banks Are Quietly Hoarding More Gold Than Ever, This Is Why – Joe Cavatoni
Kitco News: 5-16-2024
Jeremy Szafron, Anchor at Kitco News, interviews Joe Cavatoni, Senior Market Strategist for the Americas at the World Gold Council. Cavatoni provides an in-depth analysis of the gold market in 2024, detailing central banks' strategic accumulation of gold to hedge against economic and geopolitical risks.
He explains the significant increase in gold reserves by developing economies and the role of gold as a liquid shock absorber.
Cavatoni discusses the dynamic shift in gold investment between Eastern and Western markets, highlighting the surge in demand from China and India.
He also covers technological advancements in gold tracking with blockchain, the impact of inflation and interest rates on gold prices, and the future outlook for gold driven by geopolitical tensions and economic data, concluding with insights into the sustained high demand for gold and its implications for global economic stability.
LIVE! China Is DUMPING RECORD AMOUNTS OF US DEBT... Import Prices SKYROCKET.
Greg Mannarino: 5-16-2024
Banking System On Verge Of Collapsing? Here's How Many Banks At Risk Of Failing | Brian Graham
David Lin: 5-16-2024
Brian Graham, Partner at Klaros Group, discusses the risks that the banking sector faces.
0:00 – Intro
1:13 - How many banks are stressed?
4:05 - Stress tests on banks
7:15 - Capital requirements
11:15 - Bank mergers
19:22 - Commercial real estate
25:30 - Interest rate outlook