NYSEAM:GROY - Post by User
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Betteryear2on May 05, 2024 6:14pm
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China's Buying Frenzy Igniting Gold Rally | David Garofalo
China's Buying Frenzy Igniting Gold Rally | David Garofalo 238 Views May 2, 2024 In this interview, David Garofalo, CEO of Gold Royalty Corp. (NYSE: GROY), discusses the huge buying of gold by China driving up prices as central banks globally diversify away from fiat currencies. He believes de-dollarization is inevitable due to money supply expansion pushing investors towards hard assets like gold. Garofalo provides an update on Gold Royalty's growth to over 240 royalties, including six producing assets, with expected 100% revenue growth this year as they leverage higher gold prices. He sees the smaller company replicating Franco-Nevada's success while offering more growth potential from a lower base, and mentions their exposure to the booming copper market. China's Buying Frenzy Igniting Gold Rally | David Garofalo - Gold Royalty Corp. $GROY [COPPER] (youtube.com)