SmarterMarkets™ Gold for the 21st Century Episode 3 | Wade Brennan, CEO & Co-Founder, Kilo Capital
Apr 5, 2025
Wade Brennan, CEO & Co-Founder of Kilo Capital, dives into the turbulent waters of the gold market. He sheds light on how tariff-related price volatility impacts gold users and the crucial role of bullion banking in managing this chaos. Wade also discusses the need for a modernized spot market in the U.S. and explores gold's multifaceted applications in technology. With insights on price risk management and the challenges facing the sector, this conversation highlights the evolution of gold in the 21st century.
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Bullion Banking Explained
- Bullion banking helps companies finance gold and manage price risk.
- Borrowing gold instead of buying it allows them to focus on manufacturing and sales.
Jeweler Example
- A jewelry manufacturer borrows gold to make rings for Walmart.
- By borrowing, they avoid price risk and focus on their manufacturing margin.
Gold Use Cases
- Gold is used in various products, including jewelry, electronics, and bullion.
- An intricate supply chain supports these uses, including recycling.