BRICS Basket to Blow the Roof Off Silver Market

In this week’s Live from the Vault, Andrew Maguire takes a closer look at the newly determined BRICS currency basket, assessing the likely price revaluation of its top three commodities: gold, silver, and oil. 

With the current geopolitical escalation impacting the physical gold market, the precious metal expert explains the possible repercussions of China’s de-dollarisation for the global financial system.

Timestamps

00:00 Start

01:40 Summing-up past two weeks in gold and silver

07:45 About automated paper gold and silver algorithms

15:40 Assessing the current short-term action in the wholesale market

22:45 Bullish market drivers for physical gold

29:50 Silver price update for the community

35:00 Some good context to Andy’s very short-term assessment

Related:  Market Talk - July 13, 2022

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