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 .
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