In this week’s episode of Live from the Vault, Andrew Maguire breaks down the structure behind the new “sanction-proof” BRICS gold-backed world settlement currency, and provides a teaser ahead of the upcoming BRICS Plus summit.
The whistleblower digs deeper into gold’s potential as a first-tier asset class alternative to high counterparty-risk US treasuries, and shares his thoughts on how the Federal Reserve has been so wrong-footed by gold in recent months.
Timestamps
00:00 Start
03:00 An update on short-term price action for gold and silver
06:15 Evidence that gold is being employed as “fire insurance” against risk?
13:52 Gold’s classification as a first-tier asset class
18:05 Speculators being wrong-footed by delayed COMEX reporting
23:13 A teaser ahead of the BRICS summit on 23-25 August
25:56 A new world economic order?
30:30 How did the FED get gold so wrong?
38:12 Are the US being pressured into complying with Basel III NSFR standards?
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