China’s Gold standard to topple LBMA [Video]
|In this week’s Live from the Vault, Andrew Maguire explains how extreme stress in COMEX´s gold settlement mechanism forced emergency bullion deliveries, exposing the fragility of paper markets and the threat of systemic failure in global gold pricing.
Andrew reveals how Basel III-compliant exchanges across China are replacing the LBMA’s dominance, as global liquidity shifts towards physical settlement, with central banks preparing for a dramatic gold revaluation that could reshape monetary order.
Timestamps:
- 00:00 Start
- 03:02 Nixon Shock anniversary highlights the fragility of fiat money
- 10:30 EFP imbalances show Comex reliability issue, prompting NSFR compliance
- 18:43 COMEX paper market fragility risks triggering systemic failure
- 25:44 Fed prepares US Treasury gold price adjustment amid leadership change
- 30:34 Question from Kerry: Smaller nations adopting silver as reserve asset?
- 32:43 LBMA losing grip, real silver price emerging globally
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