Palisades Gold Radio · Thursday, July 9, 2026
Dr. Nomi Prins reports that central banks and Asian countries continue to show strong demand for physical gold, while Western nations are more cautious, favoring ETFs. She notes that while paper trading in gold has contributed to price depression, the underlying physical demand remains robust, with 45% of surveyed central banks intending to buy more gold.
“We still have central banks wanting gold. We still have 45% of them, which is an all-time high of the survey of central banks wanting to buy gold.”
“Central banks want gold. Asian countries want gold. Middle Eastern countries want gold. The real physical gold involved, tucked away for wealth purposes, for sovereign wealth purposes for central banks.”
“The West is a bit more cautious about gold. So they'll go into ETFs and they have ETFs. And therefore when there's a sell-off, those ETFs sell off. That depresses the gold price in general. But it doesn't suppress the demand for gold.”