Dominic Raab: From Illicit Gold to China's Choke Hold, Our Supply Chains Are Broken

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.) 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.