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In this week’s Live from the Vault, Andrew Maguire details China consolidating its position as the global physical hub, leaving Western gold and silver markets fractured and increasingly irrelevant as physical bullion flows into Beijing-aligned channels.
The London wholesaler comments on market backwardations and forced sell-downs as silver emerges as a critical pressure point in global bullion flows, with strong physical demand from major institutions steadily pushing prices higher.
This video, featuring precious metals expert Andrew Maguire on the show "Live from the Vault," discusses the current state of the gold and silver markets, asserting that the Western-based pricing system is fractured and nearing collapse due to a battle between paper and physical assets. Maguire discusses the historical manipulation by Western actors, the "cartel," is failing, as institutional and central bank buyers are moving to "BRICS-facing exchanges" like the Shanghai Gold Exchange (SGE) for physically settled trading, which is driving up real prices. He highlights the unprecedented backwardations in the COMEX futures market as evidence of non-deliverable, synthetically leveraged contracts trading at a deep discount to the spot price, which savvy buyers are exploiting to acquire physical bullion. Maguire reiterates bullish price projections of $4,500-$5,000 for gold and $80-$200 for silver in the shorter term, driven by inelastic central bank demand and insufficient above-ground physical supply to meet the rising demand for wealth protection against aggressively debasing fiat currencies.
00:00 Start
02:48 Western Gold Cracks: Why Traders Are Fleeing to BRICS Exchanges
05:30 The COMEX Trap: Paper Gold vs Real Physical Demand
10:36 $8,000 Gold and $80 Silver? The Supply Shock Nobody Talks About
15:37 How Big Buyers Exploit Western Mispricing
22:04 Physically underpinned gold and silver ETFs force a new higher rally point
29:33 PBOC consolidates control over global physical gold markets.
36:25 Silver shortages and backwardations signal a major rally incoming
40:28 Fed cannot source enough silver, highlighting a supply crisis
Source - Kinesis Money YouTube: https://www.youtube.com/watch?v=zcB5QisCz2A
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.
