Video Length: 00:35:10
I talk to gold refinery expert Corey Keller about the realities of the gold refining sector, including such diverse topics as the Dubai refining sector, the LBMA - COMEX, the London Good Delivery List, and acquisition activity in the gold refining sector.
Topics discussed in the interview are as follows:
0:00 Introduction
02:27 Overcapacity and undercapacity in the gold refining sector
04:03 Volumes and costs in gold refineries
05:38 The LBMA and the representativeness of the Gold Delivery List
09:36 Potential competition to the Good Delivery List
11:37 Protectionism and the complaints of NGOs such as Global Witness
13:25 The drivers of gold inflows into New York’s COMEX during 2020
16:01 COMEX mass approval of LBMA refinery brands during July
17:45 The future home for physical and the potential of Singapore as a refinery hub
22:02 Corey’s views on the work of the Gold Antitrust Action Committee (GATA)
24:34 The dominance of bullion banks – Scotia and JP Morgan
27:04 Acquisition activity in the global gold refining sector
29:59 Gold mining supply and its impact on refineries
31:43 Silver refining requirements versus gold refining
33:30 View on buying and accumulating physical gold
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