West misses China’s Gold bullet train [Video]

Samuel Briggs Kinesis Money

In this week’s Live from the Vault, Andrew Maguire takes calls from the community, answering pressing questions about gold’s rally driven by strong Asian and BRICS demand amid limited Western speculative activity, and other key topics.

Andrew also discusses the impact of Basel III regulations starting 1st of July, which are accelerating physical gold repatriation, alongside China’s expanding global gold settlement system — signalling a major shift in gold ownership and pricing.

Timestamps:

00:00 Start
03:03 Why gold continues to rally without speculative interest from the West
07:04 Physical gold sets the price as COMEX loses its grip on market control
15:40 Lawrence asks about the Basel III effects on the COMEX, LBMA and gold
25:28 Mitchell asks about China’s gold vault in Saudi Arabia and its impact globally
33:57 Lawrence asks how far big players can drive silver lower on the COMEX

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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