37 min listen
1.4 billion people about to create global gold shortage
FromKinesis Money
ratings:
Length:
38 minutes
Released:
Oct 6, 2023
Format:
Podcast episode
Description
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 trade10:15 The impact of Chinese Citizen’s buying behaviour on global gold supply 18:15 How the PBOC is managing the RMB price of gold25:00 China’s other moves: Sanction-proofing and preparing for war27:10 Paper Vs Physical in the short-term32:40 Andrew’s thoughts on the latest COMEX CME report Learn more about Kinesis by visiting our website: https://kinesis.money/Twitter: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Telegram: https://t.me/kinesismoneyReddit: https://www.reddit.com/r/Kinesis_money/Kinesis Forum: https://forum.kinesis.money/
Released:
Oct 6, 2023
Format:
Podcast episode
Titles in the series (100)
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