Business and Finance
Business and Finance
Western Markets Losing Their Grip On Gold & Silver | Peter Grandich
- Precious metals expert Peter Grandich warns of Western markets losing their grip on gold and silver, with Asia emerging as the dominant force.
Peter Grandich, a well-known financial commentator, has observed that Western markets are increasingly losing their influence over the pricing and control of gold and silver. In his analysis, Grandich points out that the traditional dominance of Western financial centers like London and New York in setting the prices for precious metals is being challenged by the growing economic power of Eastern markets, particularly China and Russia. These countries are not only increasing their physical holdings of gold and silver but are also developing their own trading platforms and pricing mechanisms, which could eventually lead to a shift in global market dynamics. This shift is driven by geopolitical tensions, a desire for financial independence from Western economic policies, and a strategic move to de-dollarize their economies. Grandich suggests that this trend could have significant implications for investors, potentially leading to a decoupling of precious metal prices from Western financial systems and currencies.
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/western-markets-losing-their-grip-on-gold-silver-peter-grandich/ar-AA1wRlbn ]
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/western-markets-losing-their-grip-on-gold-silver-peter-grandich/ar-AA1wRlbn ]
Contributing Sources