Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes
Gold Is Being Remonetized – Why $10K Gold & $50 Silver Are Now in Sight | Florian Grummes
Kitco News: 4-24-2025
Gold is pulling back from record highs above $3,500/oz — but is this just a pause before the next surge?
Silver is up over 3% in a single day, and some analysts say it's finally “waking up.” Azerbaijan’s State Oil Fund just added nearly 19 tonnes of gold in Q1, signaling fresh sovereign accumulation.
Meanwhile, Treasury Secretary Scott Bessent says there's “an opportunity for a big deal” with China on trade. Could this reshape global capital flows — and set the stage for silver to explode?
Florian Grummes, Managing Director of Midas Touch Consulting, joins Kitco News Anchor Jeremy Szafron to break down silver’s technical breakout, China’s strategic push to internationalize the yuan with gold, and what’s next for precious metals.
They also explore the gold/silver ratio, mining stocks like Silver Tiger Metals and First Mining Gold, and whether silver can really hit $50 this spring.
00:00 Introduction
00:59 Sovereign Gold Accumulation
02:12 Gold Price Predictions and Trends
04:16 US-China Trade Relations Impact
09:33 China's Strategy and Global Gold Flows
16:13 Gold and Silver Market Dynamics
26:18 Mining Stocks and Investment Opportunities
32:06 Conclusion
