Why Governments Are Buying Gold While Prices Consolidate

In this appearance on the Flyover Conservatives podcast, Dr. Kirk Elliott explains why he watches what governments, central banks, and large institutions do with precious metals rather than what individual investors do. He notes that China added 23 tons of gold in September and that Russia has signaled plans to increase its gold purchases fivefold, and he describes this buying during a sideways market as a sign that these institutions view the consolidation as an opportunity. He explains why periods of consolidation are a normal, healthy part of a long-term bull market, walks through Jesse Colombo's research on metals testing support levels, and challenges the idea that rising interest rates help most households, since far more Americans carry debt than hold meaningful savings. He also discusses what legal and financial strain on London's LBMA could mean for physical supply, the growth of depositories in Shanghai, Hong Kong, and Dubai, and silver's role in energy storage, technology, and AI. He frames gold and silver as assets investors may want to consider and invites viewers to schedule a consultation with the KEPM team.