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The John Batchelor Show

#MrMarket: Central Bankers now buying hundreds of tonnes of gold & What is to be done? Charles Thorngren, Legacy Precious Metals, https://legacypminvestments.com

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.52.8K Ratings

🗓️ 7 February 2023

⏱️ 11 minutes

🧾️ Download transcript

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@Batchelorshow


#MrMarket: Central Bankers now buying hundreds of tonnes of gold & What is to be done? Charles Thorngren, Legacy Precious Metals, https://legacypminvestments.com

https://on.ft.com/40mWB1K

Transcript

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0:00.0

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0:05.7

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0:07.8

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0:12.9

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0:17.3

not the case for Monso.

0:18.4

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0:21.6

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

0:26.6

of a limited company, UK Business is only terms and conditions apply.

0:30.1

This is CBS. I am the world. I'm John Bachelor. Gold, physical gold. The headline and financial

0:42.4

times in these last days tells a story of dramatic reversals in gold acquisition. Bye, bye,

0:49.4

bye. The headline colossal. That's a quote. Central bank buying drives gold, demand,

0:55.5

accountant, decade high. Fallout from US sanctions goes to subhead. US sanctions on Russia helped

1:02.4

fuel 18% leap in purchases last year, 2022. To help me understand this story, I welcome Charles

1:10.4

Thorngren of Legacy Precious Metals because we're talking about something that has not happened

1:16.7

at this scale since before the moon landing in 1969 all the way back to 1967.

1:23.8

Vin and Johnson in the White House, the Vietnam War in full gourd, the Cold War locked in.

1:30.6

Nuclear weapons pointed at each other. Europe in disrepair, Asia lost, China plunging

1:37.8

into the depredations of the Maoist regime. And not since then have there been gold purchases

1:46.2

at this scale. Charles, I'm very good evening to you. Are you surprised by this, Charles?

1:50.7

Because when we last spoke, we were talking about very carefully recovering from the pandemic.

1:57.0

Now it looks like they've got their wallets out. Why, Charles? Good evening to you.

2:01.4

A good evening. I'm glad to be here. Thanks for having me. And it is an amazing question.

...

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