Bullion Bank Insider: This is a 'Different Kind of Rally' for Gold | Bob Gottlieb

Kitco NEWS October 23, 2025
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At Kitco News, we deliver insightful, reliable, comprehensive investment news and analysis. We provide a range of opinions and perspectives allowing our viewers to make informed decisions. Our journalists interview experts, analysts, traders, authors and industry leaders across various sectors, including precious metals, cryptocurrencies, commodities, finance, geopolitics and technology. Stay ahead of the curve with our exclusive event and conference coverage from around the globe. Catering to diverse investment needs, we offer resources to help navigate markets, with insights into commodities, stocks, cryptocurrencies, macroeconomic trends, and global events. We ask the questions you really want answered. Join millions who trust Kitco News and elevate your investment game today! Sign up for the Weekly Rundown for hand-picked content - http://www.kitco.com/services/the-weekly-rundown.html Get markeupdates on the go! Kitco GOLD LIVE! APP - https://applications.kitco.com

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A massive physical drain is accelerating in the silver market, with 29 million ounces leaving the COMEX vaults in just two weeks. At the same time, a new institutional thesis argues for a "structural change" in gold as central banks diversify away from the dollar. Are these events connected? Is the physical market breaking away from the paper price? To get answers, Kitco News Anchor Jeremy Szafron sits down with Bob Gottlieb, a former executive at a major bullion bank and author of the upcoming book "Mastering Gold and Silver Markets." Gottlieb, whose own forensic analysis first detailed the scale of the silver drain, provides an insider's perspective on the stress fractures now appearing in the global delivery system. (Recorded on October 23, 2025) Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 00:00 Intro: Gold's Volatile Week & A Massive Physical Drain 01:57 Why The Market Crashed: A "Healthy" Washout of "Week Longs" 04:45 A "Structural Change": Why Central Banks Are Buying Gold 12:04 The Great Drain: 29 Million Ounces of Silver Leave The COMEX 14:55 The Arbitrage Reversal: How The Silver Squeeze Began 19:53 London's 150 Million Ounce Silver Shortfall 22:00 The Big Question: What The Section 232 Analysis Means for Silver 31:03 A "Dire" Situation?: The Hidden Risk in The Platinum Market 33:40 China's Agenda to Weaken The Dollar & Become The Third Hub 42:07 Bob Gottlieb on His Upcoming Book & Final Thoughts #SilverSqueeze #GoldPrice #Investing #Silver #Gold #Economy __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

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