Kinesis Money, Released on 7/28/23
In this week’s episode of Live from the Vault Andrew Maguire updates us on the UAE-India economic agreement and how this may affect silver demand, along with the Q3/4 developments in the paper vs physical gold battle. As BRICS nations meet to discuss a gold-backed currency and central banks around the world continue their gold-buying sprees, Andrew highlights how traders and investors can protect themselves from the possibility of a US Treasury default. The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
00:00 Start
01:30 Physical gold vs paper battle update
07:10 Fed meeting to discuss BASEL III implementation
13:25 Are the central banks continuing to buy gold?
15:00 Possible gold-backed BRICS currency
17:00 Silver demand from UAE and Indian economic partnership agreement
20:00 What’s coming next and whether investors should pause for thought
31:00 What’s coming next and potential concerns for traders
33:45 How much gold and silver are you holding?
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.