West Misses China’s Gold Bullet Train
In this week’s Live from the Vault, Andrew Maguire takes calls from the community, answering pressing questions about gold’s rally driven by strong Asian and BRICS demand amid limited Western speculative activity, and other key topics.
Andrew also discusses the impact of Basel III regulations starting 1st of July, which are accelerating physical gold repatriation, alongside China’s expanding global gold settlement system — signalling a major shift in gold ownership and pricing.
Timestamps:
00:00 Start
03:03 Why gold continues to rally without speculative interest from the West
07:04 Physical gold sets the price as COMEX loses its grip on market control
15:40 Lawrence asks about the Basel III effects on the COMEX, LBMA and gold
25:28 Mitchell asks about China’s gold vault in Saudi Arabia and its impact globally
33:57 Lawrence asks how far big players can drive silver lower on the COMEX
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The opinions, analyses, and predictions expressed by Andrew Maguire in this content are his own and do not necessarily reflect the views, positions, or official policies of Kinesis.
This information is provided for informational purposes only and should not be considered financial advice. Kinesis assumes no responsibility for any investment or financial decisions made based on the information provided. Please consult with a qualified financial advisor for personalised guidance.