China likely has 20 times the 2,200 tonnes in gold reserves it has officially reported, or 40,000 tonnes, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program, making a weaponized gold price revaluation possible at any time.Meanwhile, Maguire says, heavy demand by central banks is keeping the gold price above $2,000 despite the constant attempts to knock it down in trading on the New York Commodities Exchange.
The program is 41 minutes long and can be viewed at YouTube here: https://www.youtube.com/watch?v=61WwPCSYt18
Just another problem for Monsieur Biden, as 25 US states threaten revolt over the porous southern border, the US may be forced to leave Iraq and Syria over the increasing missile strikes, and the Houthis strike another ship, with the danger of it sinking.
Why turn up for the election, at years end??
40,000 tonnes of gold?
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