Kinesis Money, Released on 10/6/23

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.

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 behavior 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

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.

  andrew maguire, gold, gold shortage