MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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The Shift in Gold Demand From West to East
Xi Jinping in his farewell to Vladimir Putin on March 22nd said, right now there are changes, the likes of which we haven't seen for 100 years. So I think this could be quite a powerful narrative when it comes to gold and it might even impact prices for a while. This narrative that the bad guys will be using gold to kill our currency system. Ron, you've also got a section in the report about the shift in gold demand from West to East. Now, is that central bank demand or retail demand or institutional demand? What kind of demand are we talking about that's moving from West East?
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