GoldSeek Radio Nugget - Peter Grandich: Gold's Shift to Asia, Silver's Rising Importance

Peter Grandich, former Wall Street analyst, analyzes the epic gold market rally

- Peter is wildly bullish on silver, a market he chose to ignore for years!

- The next bullish wave in the gold market could catapult shares higher.

Well, I think what's important is that, unlike previous times when gold has had a major move, the inability for the bears to really bite their teeth into it, take it down, and keep it down is part of the dramatic changes in the physical market. Now, since it's moved to Asia and isn't controlled so much out of London and New York, I think that's one of the first positives.

I think the other, and we’re certainly going to learn by late fall, is how much of a role gold is playing in the development of the BRICS and where they're going. The combination of these factors supports what normally tends to be a seasonally weaker period for gold. It used to be that jewelry fabrication had so much dominance over the price of gold that we slowed in June and July into early August until the fabricators returned to work on their Christmas orders, which tend to be the biggest time of gold usage. But that seasonal influence isn't really significant anymore.

And I think the third factor is the politics both here in the U.S. and geopolitics worldwide, which are also underlying support mechanisms for both gold and silver. Let me add this, because you're not used to hearing me say this: I really rate silver now at the same level as gold. I think they equally deserve weight and can perform well in the same manner.

- Will domestic political drama continue to support a higher gold price?
- Is the EU on the verge of dissolution and if so what are the implications?
- The BRICS nations may be prepparing to release a gold-backed currency to compete, toe-to-toe with the global reserve currency.
- US real estate continues to defy gravity as investors expect the rate-hike trend to subside.

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