Central Bank Wars: Fortress China Targets LBMA
In this week’s Live from the Vault, Andrew Maguire details how China's launch of the Hong Kong SGE gold gateway marks a historic shift in global gold pricing, as Beijing moves to challenge London and New York's long-held grip on the market.
With the PBOC systematically draining Western gold reserves and central banks accelerating their shift away from dollar holdings, the precious metals expert outlines why he sees a US Treasury gold revaluation as no longer a distant prospect.
Timestamps:
00:00 Start
02:34 Will July 24th mark a turning point for global gold price discovery?
06:11 How China is putting the yuan on a gold standard through Hong Kong
10:01 Why Western traders are misreading the recent gold price weakness
14:19 How China's Fortress strategy is reshaping global gold and silver markets
20:06 Why the $4,000 gold level is a structural bid, not a chart coincidence
25:05 The Enbridge platform and its role in de-dollarising global settlement
30:14 How the Fed's final push against gold is leaving it increasingly exposed
36:40 Silver's setup - why shorts are running out of room
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The opinions, analyses, and predictions expressed by Andrew Maguire and any guests in this content are their 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.