Unearthed, On the Ground: LBMA Conference Unearthed

In this special episode of "Unearthed," hosts John Reade and Joe Cavatoni from the World Gold Council take listeners to the London Bullion Market Association Conference in Barcelona. “On the ground” at the LBMA Conference, they engage with several industry leaders, including Greg Shearer from J.P. Morgan, Nikos Kavalis of Metals Focus, Danielle Oliari of CNT, Ross Norman of Metals Daily, Bimal Das from BMO, and Jim Steel of HSBC. The discussions revolve around two primary questions: the standout aspects of the gold market in 2023 and predictions for its trajectory in 2024. Insights reveal an emerging trend in the market, with experts sharing their unique perspectives and analysis. [2:03] Greg Shearer[6:55] Nikos Kavalis .[11:25 Danielle Oliari  [18:43] Ross Norman[22:18] Bimal Das[29:11] Jim SteelAdditional Resources:More on the LBMA Greg Shearer, Head of Base and Precious Metals Research at J.P. MorganNikos Kavalis, Director at Metals Focus LtdDanielle Oliari, C.O.O. at CNT Depository, Inc. Ross Norman, CEO at Metals DailyEdison Group’s Shades of the 1970s, as referenced by Ross Norman Bimal Das, Managing Director & Global Head, Metals Sales and Structuring at Bank of MontrealJames Steel, Chief Precious Metals Analyst at HSBCEp. 1, Unearthed: Seeing around macroeconomic corners w/ Lori Heinel, State StreetNotable Quotes:“The whole thing about a recession is that it’s a non-linear break, humans think linearly… I think that’s something that our economists are constantly debating amongst themselves.” - Greg Shearer“There is a very strong case for investing in gold or diversifying as a reserve…” - Nikos Kavalis“We are seeing a bit more of the second market coming in, still not as robust as it was pre-covid” -Danielle Oliari“The chances of a rate rise, I think in November now have fallen from about 44% down to 7%. ” - Ross Norman “There’s never the best or right or optimal time to invest, you probably have to take a view that for the longer term, this is an asset where you want to park your money..” -Bimal Das“We are seeing elevated geo political risk, we’ve seen it for several years now compared to the previous 15 years, and that’s going to keep us fairly high.” - Jim SteelAbout World Gold CouncilWe are a membership organization that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market.You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn.Terms & Conditions | World Gold Council