BIS cave to Russia’s gold-buying pressure

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by Kinesis Money
Friday, Jun 04, 2021 - 7:31

Make sure you catch the next episode of Live from the Vault, where Andrew Maguire shares insights and analysis on the gold and silver markets. Subscribe.

This week, Andrew Maguire reveals that Russia is joining China in building huge, undisclosed physical gold reserves. The precious metals expert explains the resulting pressure piled on the BIS and the significant threat posed to dollar hegemony.

As Basel III draws ever closer, Andrew Maguire reveals the BIS is ramping up competitive gold buying ahead of the June 28th implementation date.

A week on, the long-time wholesaler reviews last Friday’s BIS Options Expiry, where the gold price reacted exactly as forecasted in the previous episode.

About Kinesis 
Kinesis is a revolutionary monetary system, based 1:1 on allocated physical gold and silver. Through blockchain technology, Kinesis enables the global community to instantly purchase, trade, send and spend physical precious metals. The Kinesis Money platform is bringing back a true store of value to the global economy while rewarding all who participate with a series of yields.

In case you missed it, in last week's Live from the Vault, Andrew Maguire broke down CME's seemingly counterintuitive move to raise margins into a rising gold price. Watch here