1.4 billion people about to create global Gold shortage [Video]
![1.4 billion people about to create global Gold shortage [Video]](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacks-of-gold-bars-19033163_XtraLarge.jpg)
In this week’s episode of Live from the Vault, Andrew Maguire delves into the major drivers of gold in the world today: Russian oil trading and the Chinese push for all 1.4 billion citizens to regularly purchase gold through the People’s Bank of China.
The precious metals expert uncovers the impending supply demand imbalance, explaining how soon one third of global gold resources could quickly be consumed by even a small percentage of Chinese citizens purchasing a gram each month.
Timestamps
00:00 Start.
03:15 Two physical gold drivers: Russian gold for oil and Chinese gold trade.
10:15 The impact of Chinese Citizen’s buying behaviour on global gold supply.
18:15 How the PBOC is managing the RMB price of gold.
25:00 China’s other moves: Sanction-proofing and preparing for war.
27:10 Paper Vs Physical in the short-term.
32:40 Andrew’s thoughts on the latest COMEX CME report .
Author

Samuel Briggs
Kinesis Money
Samuel holds a deep understanding of the precious metals markets, and as an in-house journalist for 1:1 gold and silver-backed monetary system, Kinesis, he is chiefly responsible for updating the community with insights and analys

















