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
So from a base which is already at record highs, the prospects for decent gold price performance over the next
I don't know, six to eighteen months is is pretty good.
And again, as I say, that's from a high base.
Well, you're absolutely right.
Jewelry demand is an important component of gold demand.
Over the last ten years it's averaged about thirty-five percent of annual demand for gold.
Um that's declined this year with record prices, but it's still an important component.
Now, I've mentioned that investment demand drives gold higher.
The role that jewellery demand plays within the market is to cushion the blow from investment selling.
I mentioned before that uh speculators and investors on the Konex futures market and other futures markets have got decent sized long positions at the moment.
Something will happen at some point and that will trigger them to sell some of that gold.
It always does.
Jewelry will be there.
beneath the market to mop up some, maybe all of that selling.
So one of the reasons why gold is
Absolutely.
And and it's one of the really interesting characteristics of the gold market.
It's not like copper, which is a hundred percent industrial demand.
It's not like a crypto asset, which is a hundred percent uh
gambling and speculation.
Showing 301–320 of 553 · page 16 of 28
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