Quentin Webb
speaker
45 appearances
6 recordings
1 series
first heard May 2025
last heard 29 Jan
Quentin Webb’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 Jan 2026 with 1.
Appearances
We've had this long spate of elevated buying by global central banks because in many cases they would like to reduce their dollar dependence and put more of their reserves into another
alternative assets.
So these things are all together combining to help support gold and to create this upward push in gold prices.
In the last few years, we've seen the emergence of gold ETFs, which now manage many billions of dollars.
And you can effectively buy those at the click of a button in your brokerage apps.
So certainly people are not just buying gold bars and stashing them in vaults.
People are increasingly buying gold ETFs or alternatives such as buying shares in gold miners, of course, but that's a less pure exposure to the gold price.
And Quinton says that an unlikely crossover with crypto is adding to gold's luster, too.
Tether has emerged as a significant buyer of gold, partly for a recently launched gold-backed stablecoin that it has.
But also, you know, don't forget that Tether commands a huge sum of assets because of its major stablecoin, which is tied to the dollar.
So that extra buying in the past month is probably another reason that's helping sustain the gold price.
And what that tells us about the economy is that we're in this kind of rather strange period for the labour market where you couldn't say it's falling off a cliff, but at the same time employers are becoming a little bit more reluctant both to hire and to fire.
And so that tends to affect the lower end of the income spectrum more because the best way in many cases for people to get pay rises is to switch jobs.
And when there's less job switching going on, you tend to see fewer pay rises.
One obvious concern is that these assets, by definition, are less liquid than public markets, so it can be hard to sell them in a timely fashion.
Of course, crypto is a new and rather untested boom and bust industry.
So one obvious concern is that these assets by definition are less liquid than public markets, so it can be hard to sell them in a timely fashion.
Often the fees are much higher than those associated with public market.
investments.
And of course, crypto is a new and rather untested boom and bust industry.
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