China’s gold holdings are 10x more than it admits, why it's secretly hoarding gold – Dominic Frisby
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dominic Frisby, Founder of https://www.theflyingfrisby.com/, who explains why China is secretly buying gold. Frisby says China’s actual gold holdings are ten times larger than what is officially being reported. He discusses the weaponization of money and says that if China were to admit its real gold stash, it would equate to a declaration of war on the United States. Frisby also weighs in on the chances of a gold-backed currency and gives his price forecasts for gold and Bitcoin.
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Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
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Follow Dominic Frisby on X: @DominicFrisby ( / dominicfrisby )
00:00 - Intro
02:05 - The Cockroach Portfolio
08:26 - Gold outlook & miners
23:24 - Why China's gold holdings are 10 times what it say they are
28:55 - Gold-backed currency
34:20 - Weaponization of money
36:35 - Bitcoin
46:13- Gold & Bitcoin price forecasts
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