The apocalyptic 8000-tonne gold miscalculation

Live from the Vault: Episode 129.

In this week’s episode of Live from the Vault, Andrew Maguire examines just how close we came to a pivotal black swan event - that could have potentially triggered an irrevocable gold revaluation - amid last week’s tensions in Russia.

The London wholesaler investigates whether the Federal Reserve miscalculated its gold-buying approach and is running out of tools to keep a synthetic cap on prices, as central banks’ massive gold-buying spree takes place around the globe.

 

 

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Timestamps

00:00    Start

01:15    Latest precious metals market update

04:30    How close did we come to a black swan event last weekend?

08:30    The largest central bank buying spree in over 200 years

13:00    Has the Fed miscalculated when buying gold?

16:45    The split in the speculator category

21:30    Stacking? Here’s what you should expect in the short-term

29:30    The strange action happening with Silver

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Authored by By Kinesis Money via ZeroHedge June 30th 2023