Transcript
Transcript
Transcript
Is there anything that you’re kind of watching and that has your attention that maybe he’s not related to the war and the Fed? What what is what is something maybe in that could impact the gold and silver market that is kind of getting buried in in the headline noise? Well, there’s lots of things going on in the background, one element which is intriguing me at the moment. I couldn’t go to the London Bullion Market Association annual conference this year because I’ve had an accident and couldn’t get out of the house looking out the country, which which is a shame. But, but the reason I mentioned that is that I was at the Asia Pacific Precious Metal Conference, which is Singapore in June. And at the moment we’ve got. Singapore and Hong Kong. Both vying for pull position as the Asian hub for the precious metals markets. Now the interesting thing about that and why I mentioned the the APEC conference is that one of the recurring themes at a PMC was the moaning of the fragmentation of the market. And I was thinking to myself, well, hang on a minute, this isn’t making any sense because you got Hong Kong on one hand or Singapore on the other. I’ve I’ve I’m told that at the LBMA conference they were they were all lovey dovey and saying it could all work together blah blah blah. So I’m not necessarily espousing this particular view, I’m quoting somebody else. In Singapore, who referred to the unseen hand behind Hong Kong? So there’s obviously concerns about whether China is exerting too much influence. Singapore is obviously much more of a free trade position or free trade posts and so on and so forth. If it’s handled properly, they can probably bring complementary. Expertise and resources to the table and work hand in hand. Whether that whether that will actually happen come a bit of a skeptic about human nature of one or other is going to want supremacy I suspect and Asia obviously is very important for the for the physical gold market has has been for years. So it’s a question of expediting flows and. Not going for supremacy, but trying to make it holistic. And I’ve, I’ve, it’s, it’s been on the horizon for, for quite some time, but it’s, it’s now starting to make, make the, the specialist headlines at any rate. So that that I think is probably one of the most important things about how the markets evolve and, and maintain their fluidity. Yeah, it’ll be very interesting. I’ve been writing quite a bit about just the kind of nuts and bolts of, of what’s going on a lot of additional vaulting space, new products. So it is interesting and it’ll be interesting to see how it kind of plays out and integrates.