Russia to price Silver in Gold grams? [Video]
|In this week’s Live from the Vault, Andrew Maguire reports on the accelerating adoption of a gold benchmark price for silver and commodity trades between nations, while examining the main drivers behind the current gold price rally.
The lifelong wholesaler reflects on the global implications of Russia’s plan to launch its own gold-pegged stablecoin, evaluating its potential to undermine the role of fiat currencies in foreign trade transactions.
Timestamps
-
00:00 Start.
-
00:25 Find out why gold ETFs are NOT what they seem.
-
05:30 Bullish developments as Russia & China weaponise gold.
-
15:30 Silver to enormously benefit from the gold benchmark adoption.
-
21:55 The larger picture: de-dollarisation of commodities, Basel III.
-
30:50 The real scale of gold tokenisation and the oil-for-gold trade globally.
-
34:55 How the physical silver market has become so tight.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.