Kinesis Money, Released on 2/28/25

In this week’s Live from the Vault, Andrew Maguire sits down with renowned economist Daniel Lacalle to dissect the shifting global financial landscape, from the erosion of trust in political institutions to the rise of gold as a preferred reserve asset. As resistance grows against mainstream narratives, political and economic turns in Europe, the US, and beyond are driving demand for gold, whilst central banks are reducing reliance on sovereign debt, signaling significant market changes ahead.

00:00 Start
02:22 JD Vance on EU and UK freedom of expression issues
05:10 Could DOGE cuts impact Davos agenda funding?
08:15 UK Labour’s restrictive civil liberty policies
13:45 US wasteful government spending
17:15 Healthy criticism of the EU amid its rapid decline
25:00 Daniel on economic stagnation and persistent inflation
27:50 Aftermath of BIS making gold a first-tier asset
33:00 Why government bonds are no longer a reserve asset
35:20 Trump explores monetising US Treasury gold
37:10 Can Trump audit the Federal Reserve?
42:10 Musk’s DOGE shows how fast frauds can be exposed
46:05 China’s National Regulatory Administration opens gold buying to insurers
52:35 Gold as the ultimate wealth protection
55:40 Daniel on silver’s role in an investment portfolio

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.

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, Audit the Fed, Daniel Lacalle, economy, gold, Trump