Episode 68: Live From The Vault

Russia Sanctions Backfire. LBMA Banks Take Cover!

In this week’s Live from the Vault, Andrew Maguire unpacks the Bank of Russia’s shocking decree, declaring the bank will accept only gold or gold-pegged Ruble payments for oil, energy, and commodities.

The precious metals expert explains how Russia’s attempts at bypassing recent sanctions could trigger huge arbitrage opportunities, bolstering the Ruble’s value in the process.

Timestamps:

00:00 Start

01:30 Recap on the main market drivers in the past weeks

05:50 The Nuclear Option: Three things forcing the gold revaluation

16:15 How do these developments value gold in the medium term?

25:20 GLD ETF under attack! How Basel III fits into the gold revaluation?

31:40 The connection between the silver and nickel market

40:30 Looking into the 2nd quarter of 2022

Disclaimer: This video is provided for informational purposes only and not offered or intended to be used as legal, tax, investment, financial, or any other advice.