1.4 billion people about to create global gold shortage
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.
Timestamps:
00:00 Start
03:15 Two physical gold drivers: Russian gold for oil and Chinese gold trade
10:15 The…
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