LBMA blindsided by Russia buying physical gold [Video]

Samuel Briggs Kinesis Money

In the first Live from the Vault of 2023, Andrew Maguire reports on Russia’s Sberbank issuing its first gold-based blockchain asset in a game-changing manoeuvre that might instigate further de-dollarization of commodity trading.

The precious metals expert provides an in-depth commentary on the LBMA’s recent presentation on physical silver, which has indeliberately exposed some of the market's price-setting machinations.

Timestamps

00:00 – Start.

01:45 – Picking up the last year’s thread & entering 2023.

04:25 – LBMA’s webinar on silver. Is TD Bank short-selling gold?

10:45 – The real problem with paper-to-physical-silver leverage.

16:15 – Russian Sberbank is tokenizing physical gold!

27:30 – The question of seasonality and what to expect in 2023?

28:15 – Fresh insight on the COT report - is it worth looking at?

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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