John Reade
speaker
553 appearances
2 recordings
1 series
first heard Oct 2024
last heard 10 Oct
John Reade’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.
Appearances
People are still buying jewelry, they've still got appetite for buying jewelry, they're just buying smaller pieces, lighter pieces, maybe lower carotage pieces.
So the jewelry market's really healthy.
Uh China is a particular area of weakness this year, and I think we may get to the stage where the Indian m gold market is bigger in
twenty twenty five um than in China, which as I say, can happen but is quite rare and it probably shows tells you more about the weakness um in the Chinese economy um rather than the uh the the s the strength in in India.
You need to see you need to see credit growth to for a healthy economy.
Um, one of the things that you can you can demonstrate quite well is that when credit growth is much faster than potential or actual nominal GDP growth, then you often get a uh a a big market or an economic correction a couple of years down the line.
Now, I don't know how many people un understand that relationship and have studied, you know, the history, but I do think that there is a feeling uh amongst people that there's you know, there is there is too much debt, there's too many deficits, there's too much money around and and and and gold is benefiting as a consequence.
It's interesting though, if you think about the US dollar from a an American perspective.
Most Americans don't think about the value of the US dollar.
They don't think about exchange rates because they're, you know, quite parochial in a way.
They they they earn their money in dollars, they spend their money in dollars, and they they they pay the prices in the shops um and and just you know grumble when the prices go up.
So most people don't think about most Americans, I think, don't think about weakening of the US dollar.
They're more worried about inflation, particularly after the scars that they bore uh immediately up following COVID when inflation went up a lot.
And if you look at social media, um, you will see an enormous amount of grumbling going on about the cost of everything and how everything's gone up in price.
And I and I think it's that underlying concern which is being reflected by uh by many people.
It's more about inflation rather than than uh the expectation.
expectations about um the long-term future of the dollar.
So I th then that's why I think we're seeing uh institutional investors probably more active in gold than retail.
One of the themes that we've seen in the last f well probably the last two or three years has been a slowdown in Western physical buying of gold.
So buying gold coins, buying gold bars.
Showing 181–200 of 553 · page 10 of 28
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