4.6 • 755 Ratings
🗓️ 25 September 2025
⏱️ 42 minutes
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| 0:00.0 | Joining us now is Tony Arterman. |
| 0:09.0 | And we're going to talk a little bit about the Shanghai Gold Exchange and what's happening. |
| 0:13.0 | Last time you're on, Tony, you talked about the Hong Kong Gold Exchange, I think. |
| 0:18.0 | And so China is making a huge move to accumulate gold. |
| 0:23.1 | That's been one of the many driving factors. |
| 0:24.8 | I mean, we're into record territory we've passed in terms of real terms when gold shot up to $800 an ounce. |
| 0:33.0 | But it's because there are so many different things that are driving it simultaneously. And one of those |
| 0:39.5 | is, as you've been talking about for the longest time, the push by a lot of central banks to |
| 0:44.0 | accumulate gold, but nobody is pushing it like China. As a matter of fact, they're trying to de-westernize |
| 0:51.5 | the global bullion market, says zero hedge. |
| 0:56.1 | London and New York have been places where gold has been stored in the past. |
| 1:01.0 | China is trying to place that with Shanghai, perhaps Hong Kong as well. |
| 1:04.7 | What's your take on that? |
| 1:07.1 | I thought the story last week about Hong Kong play was really important because we already have the Shanghai Gold Exchange and it just highlights the move that China is making, as well as the BRICS nations, to make the move of commodity pricing eastward. |
| 1:23.6 | There's another headline up that's up on zero hedge and then just, I mean, |
| 1:29.5 | really putting some emphasis on what's going on in the West. And Canada has no gold reserves. |
| 1:35.4 | Did you know that? I didn't know. Zero gold reserves. And, but they've got a central banker |
| 1:41.3 | as, uh, as, uh, their prime minister or whatever. So I guess they're covered. Right. You don't need gold if you got a central banker as their prime minister or whatever, so I guess they're covered. |
| 1:45.2 | You don't need gold if you got a central banker. |
| 1:48.7 | I think that's a key indicator of where we're headed in this decade, and especially in this century, is that everything is flowing out of the hands of the West. |
| 1:59.8 | And they had an interview with Ray Dalio, and he was talking about, you know, the, the |
| 2:04.6 | juxtaposition of 1945 when the United States had about 80% of the world's money. |
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