Central bank wars: Fortress China targets LBMA [Video]

Samuel Briggs Kinesis Money

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.

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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