Commodities
Dominic Raab: From Illicit Gold to China’s Choke Hold, Our Supply Chains Are Broken
Date: 2025-10-17 19:01:15
The global battle for resources has reached a crisis point. Beijing’s weaponization of its control over critical minerals has sent shockwaves through the markets , while a shadow war is being fought over the illicit gold trade that funds conflict and terrorism. The West is now facing what our guest calls a “choke hold over supply” in a system he declares is a “broken market”.
Kitco News Anchor Jeremy Szafron sits down with Dominic Raab, the former Deputy Prime Minister of the United Kingdom and current Head of Global Affairs at Appian Capital. A year after his explosive “Silence is Golden” report with the World Gold Council, Raab reveals that while “the silence has been broken” on illicit gold, the West must now confront a much larger strategic failure.
In this crucial interview, Raab lays out the blueprint for survival and victory in this new global conflict over metals. He details why the West’s short-term thinking led to this crisis and provides an actionable three-point plan for leaders to build secure supply chains through public-private partnerships, permitting reform, and a “hub and spoke” model of friend-shoring.
(This interview was recorded on October 17, 2025.)
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00:00 – Introduction and Market Overview
01:34 – One Year Later: The “Silence is Golden” Report Update
02:29 – Has the Coalition for Action on Illicit Gold Worked?
03:00 – Central Banks Buying Artisanal Gold to Cut Out Criminals
04:38 – Getting the G7 & G20 to Crack Down on Illicit Gold
06:42 – Brazil’s Success in Formalizing 120,000 Miners
13:08 – The New Global Conflict: A Strategic War for Metals
13:48 – China’s “Choke Hold” on the Critical Minerals Market
14:59 – The Solution: Public-Private Partnerships and “Friend-Shoring”
32:07 – Raab’s 3-Point Action Plan to Secure the West’s Supply Chain
#DominicRaab #CriticalMinerals #Gold #Geopolitics #China #Investing #SupplyChain #Economy #KitcoNews
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