Is the Physical Gold Market Breaking Away From Paper? A Mint Founder's Urgent Warning

Описание: A historic decoupling is underway. The physical precious metals market is showing signs of breaking away from the paper price, and the consequences could be permanent. In this exclusive, all-encompassing interview, Kitco News Anchor Jeremy Szafron sits down with Scottsdale Mint Founder and CEO Josh Phair, who, in his last appearance in February, correctly predicted that tariffs would be the next major story to rock the physical market.

Now, with the market still reeling from the chaos of a surprise U.S. Customs ruling that threatened Swiss gold with a 39% tariff, Josh Phair returns to provide the ground truth. He reveals how the tariff threat caused a "freeze" across trading desks and has "permanently changed how people source their metal".

Phair gives a stunning critique of the Western gold market, arguing London is "no longer the top jurisdiction to hold your metal in anymore" as physical gold migrates East to meet demand. He also provides a new, powerful thesis for silver, explaining how its role as a "critical mineral" for military and industrial use has created a new, non-discretionary demand floor. This is a masterclass on the fragility and radical restructuring of the global bullion market that every serious investor needs to see.

Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Josh Phair on X: @JoshPhilipPhair ( / joshphilipphair )

00:00 Introduction
00:37 Impact of US Customs Ruling on Gold Market
00:56 Regulatory Uncertainty and Market Reactions
05:21 East-West Dynamics in the Gold Market
10:19 Silver Market Trends and Industrial Demand
22:42 Platinum's Rising Demand and Market Dynamics
25:11 Vietnam's Gold Market and Global Implications
33:30 Retail Investment Strategies in Precious Metals
35:44 Conclusion

#gold #silver #investing #economy #preciousmetals #marketupdate #supplychain #geopolitics #centralbanks #JoshPhair
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.