Comments by "D W" (@DW-op7ly) on "Russia, China, India, Turkiye, and the UAE are driving gold markets higher, while draining supply" video.

  1. Not so great for Argentina with the west looking for Argentina to increase supply, and with lithium prices already dropping these days? They will go down even further than they have recently As there will be pressure from the USA and EU, for Argentina to drop prices even more. Because of how much they will have to spend to be able to refine the lithium 👇 Bottleneck at the lithium refining stage Despite being extracted globally, the process of refining lithium into battery-grade lithium hydroxide is mostly concentrated in China. This causes a significant bottleneck for lithium supplies at the refining stage. In order to overcome this bottleneck, a Benchmark Minerals analysis projects that the lithium industry will need a $42 billion investment in order to meet the projected demands for battery-grade lithium in 2030. This equates to $7.2 billion/year between now and 2028 needed to accommodate the demands for the growing EV and renewable energy market – especially as Europe and North America move to reduce their reliance on foreign supplies. Mangrove lithium
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  2. You can attribute much of that to stock buybacks to get those high stock prices
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  3. Why would you think the Chinese are looking to be trading in Gold? they are buying Gold not to trade… but to stockpile at this point in time Instead of buying US Sovereign Debt 👇 China’s Gold Reserves Unveiled: Investigating Claims of Secret Hoarding and the Alleged Discrepancy JANUARY 9, 2024 Based on these calculations, Frisby estimates that China has at around 33,000 tons of gold, with at least half being state-owned. That state-owned portion (16,500 tons) is double what the U.S. holds. If China admits to the U.S., “We got twice as much gold as you,’ that’s tantamount to a declaration of war,” according to Frisby. The yuan would become more valuable, gold would become more valuable, and China would become the leader of both of these assets. OxfordGoldGroup
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  4.  @tomsawyer4857 why buy mining stock when you can buy gold Especially if you are buying those mining stocks in USD and the economy crashes
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