Russia and China Raid Gold Amid Basel III Scramble

Kinesis Money's Photo
by Kinesis Money
Sunday, Oct 10, 2021 - 12:12

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.

As the scramble to unwind allocated positions ahead of Basel III continues, Andrew Maguire reveals that Russia and China are seizing the opportunity to grow their already substantial physical gold reserves.

With Options Expiry price-capping playing out exactly as predicted, the long-time wholesaler explains why he believes gold is coiled to break through crucial resistance and silver is extremely structurally bullish. 

Shifting to the COMEX, Andrew Maguire crunches the numbers on the tonnes of gold and silver demanded for delivery into the illiquid October contract.

About Kinesis Money 
Kinesis Money is a revolutionary monetary system, based 1:1 on allocated physical gold and silver. 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. On 6th October 2021, Kinesis paid out $2.84 million dollars to Kinesis users, simply for holding their metals with Kinesis, free of charge.