Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair

The Daniela Cambone Show

Silver has a lot of the same fundamentals that gold has and a few more," says Randy Smallwood, president and CEO of Wheaton Precious Metals. "Silver conducts electricity better than any other metal in the world," he tells Daniela Cambone at GSA Investor Day 2023. "We are seeing increasing investments on silver's side, it continues to grow year after year... The fundamentals are just stronger for silver," Smallwood asserts. "We saw the U.S. dollar weaponized so a lot of central banks around the world made a big swap toward the gold space," he continues. "Gold is apolitical, it's accepted around the world, and it's not subject to the political influence the U.S. dollar has," Smallwood reiterates. "It's very unlikely the world would accept the renminbi as a reserve currency, but they're going to try to get it to the same credibility that the U.S. dollar has," he warns. "We're well down the path of central bank digital currencies already," Smallwood concludes.