00:00 Are there any reasons, as you mentioned a few,
00:04 are there any reasons why gold and silver prices are so fast?
00:09 Because this fast pace will continue.
00:11 Yes, as I said, we have seen with COVID that the dependency on the dollar,
00:18 the countries around the world want to reduce their dependency on the dollar.
00:23 Because we are seeing that the US debt is increasing continuously.
00:27 The uncertainty about the dollar is created in the global economy.
00:33 Because of this, the global central banks are shifting the dollar reserves to gold reserves.
00:38 And this will continue.
00:40 Secondly, we are seeing that the geopolitical tensions are constantly created.
00:45 We saw Russia and Ukraine, then we saw Israel and Hamas,
00:48 recently we saw Israel and Iran.
00:51 Many times we see that there are tensions between China and Taiwan.
00:54 So, we are seeing that the global tensions are increasing.
00:57 So, we are seeing gold investment as a safe haven demand.
01:02 Another important thing is that, as we have been saying,
01:06 the US Federal Reserve can start a shortfall in interest rates in the second half of this year.
01:11 So, when the world's central banks start shortfalling in interest rates,
01:16 then liquidity will be infused in the global economy.
01:20 Because of this, gold and silver prices will continue to support each other.
01:25 If we talk about silver, then we are seeing that there is an industrial demand for green energy.
01:30 We are seeing that there is a lot of investment in solar.
01:35 We are seeing that there is a lot of investment in the electronic vehicle industry.
01:39 Because of all these things, there is a lot of demand for silver in the industrial market.
01:44 And we saw that in 2023, India's silver record reached this level.
01:51 So, because of all these things, the fundamentals for gold and silver are positive.
01:57 And we are seeing that they are supporting each other.
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