Jason Burack of Wall St for Main St interviewed returning guest, 2nd generation money manager and the CEO of the McAlvany Group of companies https://mcalvanyica.com/, David McAlvany
McAlvany has been in the precious metals business for 50 years and they also have a money management firm for other assets.
Central banks buy record amount of gold in Q3 and large chunks are from unknown buyers: https://www.kitco.com/news/2022-11-01...
From the article:
"Gold purchases from central banks reached a record during the last quarter, revealed the World Gold Council's quarterly report. But the caveat was that the big players remain anonymous.
A total of nearly 400 tons was bought by central banks in the third quarter, the most on record. This also marked a 300% jump from the same period a year ago, the World Gold Council said in its Gold Demand Trends report released Tuesday.
Year-to-date, central banks bought 673 tons, more than any other annual total since 1967."
[youtube]https://www.youtube.com/watch?v=LT5VZjLQuI8&ab_channel=WallStForMainSt[/youtube]
McAlvany has been in the precious metals business for 50 years and they also have a money management firm for other assets.
Central banks buy record amount of gold in Q3 and large chunks are from unknown buyers: https://www.kitco.com/news/2022-11-01...
From the article:
"Gold purchases from central banks reached a record during the last quarter, revealed the World Gold Council's quarterly report. But the caveat was that the big players remain anonymous.
A total of nearly 400 tons was bought by central banks in the third quarter, the most on record. This also marked a 300% jump from the same period a year ago, the World Gold Council said in its Gold Demand Trends report released Tuesday.
Year-to-date, central banks bought 673 tons, more than any other annual total since 1967."
[youtube]https://www.youtube.com/watch?v=LT5VZjLQuI8&ab_channel=WallStForMainSt[/youtube]