In this week’s Live from the Vault, Andrew Maguire outlines how recent market volatility has masked record central bank accumulation of gold and silver, as governments worldwide accelerate their conversion of dollar reserves into bullion.With Shanghai premiums hitting their highest level since 2008 and the Fed left as the only central bank still defending the dollar against gold, Andrew makes the case for why a sharp, physically driven rally in both metals is now firmly in place. Timestamps:00:00 Start 02:01 Central banks capitalise on recent volatility to accumulate physical gold 05:39 UAE exit from OPEC and what it means for the petrodollar 09:47 Gold overtakes US Treasuries as the top central bank reserve asset 14:04 Why the Fed is the only central bank still defending the dollar against gold 20:34 Chart footprints: where unleveraged physical buying overran leveraged sellers 27:08 Shanghai gold premium hits largest level since November 2008 32:07 How the Fed used borrowed gold to fuel momentum short selling 36:18 No leveraged longs left - what that means for gold and silverSign up for Kinesis: https://kms.kinesis.money/signup Visit the Kinesis website: https://kinesis.money/Make sure you catch the next episode of Live from the Vault: SubscribeThe opinions, analyses, and predictions expressed by Andrew Maguire and any guests in this content are their own and do not necessarily reflect the views, positions, or official policies of Kinesis.This information is provided for informational purposes only and should not be considered financial advice. Kinesis assumes no responsibility for any investment or financial decisions made based on the information provided. Please consult with a qualified financial advisor for personalised guidance.Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.Loading...