Every once in a while, an Off the Cuff interview is so important that we decide to make it available to the entire public. This is one of those occasions.
In this week's Off the Cuff podcast, Chris and Alasdair Macleod build on the insights laid out in Chris' recent mega-report last week on gold: The Screaming Fundamentals for Owning Gold. And specifically, they delve deeply into the poorly-understood topic of why Chinese demand has become such a game changer in recent years.
In my opinion, this podcast offers the best clarity I've heard to-date in explaining:
- what the true measurement of annual Chinese bullion demand actually is (hint: it's even bigger than you imagine)
- what the implications of China's gold voraciousness will be
- why Western central banks had to smash the price of gold last April
- why Chinese demand exploded at these lower prices, putting the Fed and other Western central banks into a trap (kill the banks or kill their currencies)
- why the Fed is desperate to keep the price low for as long as possible (and why this suppression will fail)
- why the Eastern attitude towards gold will trump the West's
In regard to the last point, Alasdair pithily summarized a critical dynamic that, in my opinion, is as hugely important as it is under-appreciated:
In the rest of the world and particularly Asia, people do not think like we do.
by davefairtex 
