$6trillion-45,000 tonne PetroGold rush begins [Video]

Samuel Briggs Kinesis Money

In this week’s Live from the Vault, Andrew Maguire explains how the UAE's exit from OPEC is accelerating the shift away from oil-backed dollar demand, and why he believes gold is the only asset capable of filling that role as the petrodollar weakens.

With central banks quietly converting dollars into physical gold at every dip, and silver set to reflect real demand for the first time in decades, the London whistleblower warns the biggest transfer of gold and silver in history is already underway.

Timestamps:

00:00 Start
03:04 UAE exits OPEC and what it means for oil priced in dollars
08:39 How much gold it would take to back the global oil market
14:41 Why silver is set to outperform gold as de-dollarisation accelerates
22:01 COMEX May silver deliveries and the growing gap between paper and physical
31:15 Short-term market footprints - what the charts are showing right now
45:11 India raises gold import duties and what it means for physical demand
51:40 The largest transfer of physical gold and silver ever recorded

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

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