HUGE Gold News Coming Out of China! This Will Change Everything For Gold & Silver - Alasdair Macleod - Video

While everyone is surprised by gold's recent surge, reaching record highs this week and extending a remarkable March rally, legendary investor Alasdair Macleod raises a significant concern. He notes a conspicuous absence of interest from Western buyers, indicating that traditional markets do not drive the recent surge in gold prices. Much of this lack of interest stems from central banks, which have been on a gold-buying spree. In 2022 and 2023, central banks bought over 1,000 tonnes of gold — more than double their net purchases in 2021, according to the World Gold Council.

The People’s Bank of China led the way last year, accounting for over 20% of central bank net purchases. China's gold consumption rose to 630 tonnes in 2023, surpassing India's, which saw its consumption reduce to 562.3 tonnes. Despite previous knowledge of China and India's gold-buying activities, Alasdair notes that this recent influx of demand has left the market short of physical bullion liquidity.

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