Fed’s Gold revaluation nightmare begins [Video]

In this week’s Live from the Vault, Andrew Maguire outlines how recent market volatility has masked record central bank accumulation of gold and silver, as governments worldwide accelerate their conversion of dollar reserves into bullion.

With Shanghai premiums hitting their highest level since 2008 and the Fed left as the only central bank still defending the dollar against gold, Andrew makes the case for why a sharp, physically driven rally in both metals is now firmly in place.

Timestamps:

• 00:00 Start
• 02:01 Central banks capitalise on recent volatility to accumulate physical gold
• 05:39 UAE exit from OPEC and what it means for the petrodollar
• 09:47 Gold overtakes US Treasuries as the top central bank reserve asset
• 14:04 Why the Fed is the only central bank still defending the dollar against gold
• 20:34 Chart footprints: where unleveraged physical buying overran leveraged sellers
• 27:08 Shanghai gold premium hits largest level since November 2008
• 32:07 How the Fed used borrowed gold to fuel momentum short selling
• 36:18 No leveraged longs left - what that means for gold and silver