"Mystery buyers" in developing-world central banks anonymously dumping dollars, buying gold
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- เผยแพร่เมื่อ 12 พ.ค. 2024
- The USD is soaring against other global currencies, because of high inflation and interest rates at home, which draws USD from foreign buyers. This should push down the gold price, and especially demand from foreign buyers.
But foreign central banks in particular are dumping dollars and buying gold. More strangely, developing-market central banks are doing so. Even more interesting is that much of this buying is being done via third-party proxies, to conceal the identify of market participants.
The freezing of assets in the aftermath of the Russia-Ukraine war shocked central bankers around the world, who are moving with new urgency to keep as much of their FX reserves away from banks and institutions that are connected to the SWIFT system. That they are executing so many of these trades anonymously suggests that bank officials may be concerned about being sanctioned personally.
Resources and links:
World gold price
www.nytimes.com/2024/05/05/bu...
Major currencies vs USD, YTD
/ 1784115196165845231
Bloomberg, China Gold Buying Slows as Reserves Grow for 18th Straight Month
www.bloomberg.com/news/articl...
Barron's, Gold Continues to Boom. The Major Buyer: Central Bankers
www.barrons.com/articles/gold... - วิทยาศาสตร์และเทคโนโลยี
Wow! I assume you are writing your own script!! Super professional and super informative!! Appreciate this pure class of a channel!!!
Agree 👍
This guy must have a team working behind him.
@@hpw-ws6bj Whatever it is, pls keep up the magic because it is a very insightful channel without the spin.
It's not only that countries are buying more gold, they want their bricks to be shipped out of the US storage as well. Who knows what the US administration will do to your asset in the future?
China smart love is to have no gold stored in the USA
In the end,
The US must sold the gold to buyback the green dollar.
@@bungkusi2432the problem is U.S gold reserves depleted long ago during Afghanistan occupation.
Exactly right!
@@bungkusi2432why do they do that they print it !?
The big takeaway: *_China isn't buying gold, it's selling dollars._* 👍
But doesn't that effect holding gold longer will make it lose its value .....!?
@@user-ec3rm9wr1n
Buying gold: losing value
Holding dollar: lost all due to theft
@@user-ec3rm9wr1n you be asking, why are central banks still buying then?
China has more gold than what is known.
the empire has way less than what is known. when Germany demanded its gold back, it took more than a year for the Fed to come up with the gold, the serial numbers did not match against German record.
Not just selling dollars with gold - also with their projects. 😊
When a financial system is based on trust and that trust is abused & lost - nobody is going to believe in that system of yours anymore ... 😅
When Congress and the White House are accommodating individuals with mental issues , it becomes clear to any rational observer that it is the decline of U.S. financial dominance.
sleepy dodged a bullet on the Ukrainian gravy train.
Can we trust anything the Bloomberg says ?
I assume that China does not buy. I think that the USA buys with dollars bought from the Chinese. logical.
Not at all!
We can trust them to be 100% facetious.
Excellent question. Apparently not so based on the misinformation and disinformation that it has been disseminating recently.
Proxy through Singapore, HongKong, Thailand.
China most likely accepts gold as collateral for BRI projects.
Gold backed currencies’re coming to replace US dollar.
Everyone should own a little gold. Not to do so is foolish.
Can't afford to buy gold. Banks won't lend me money and I ain't gonna touch the Mafias, the Yakuzas and the Triads 🥶🥶🥶
looks like TEA OVER CAPACITY TOO.
Boston Tea Party 2024??
Don't worry the tea won't get sanctioned anytime soon, americans prefer sodas and obesity over any healthier drinks 😅
😂😂
more sanctions, please. inflation is not high enough.
Once you open the floodgate, there ain't no turning back.
Wow. What a scene - green then huge cliff and mountains.
Barrons, 'invasion' of Ukraine did not cause worry about exposure to USD. US sanctions did it.
America weaponising USD is a fatal self inflicted wound.
Great channel. Straightforward, logical and intelligent, good grammar, and no fumbling around or showing off. Thank you !
Holding USD is like holding a hot potato. Mystery buyers of gold must be terrified of uncle Sam.
Hello annieT! They keep secret because they know what happened to Gaddafi of Libya? He tried using gold to sell his oil instead of usd and got invaded, with blah blah excuse
It’s MBS
Kevin knows too much：green energy，farming，ship building，currency…… which country has you brimg luck to that country
He has a great broad data base in his mind and his integrity does the rest!!!
Kevin. You had great insights into many issues and best of all you presented it in a way I understand. Tks.
The real question is what is in Ft. Knox where the US stores all their gold, or do they?
@@jameschalkwig787 They cast their silver into the streets, and their gold is like an unclean thing. Their silver and gold are not able to deliver them in the day of the wrath of the Lord. They cannot satisfy their hunger or fill their stomachs with it. For it was the stumbling block of their iniquity. (Ezekiel 7:19 ESV)
Lots of fakes. When was Ft. Knox ever properly audited?
US owing the world $35 Trillion dollars = $35,000,000,000,000
You always get a thumbs up for your bravery to make the effort to stand out in the elements without a hat to make these hard hitting videos . Others just sit behind a blue screen to bash up China .
The sanctions that was meant to destroy Uncle Sam's rivals ended up destroying the dollar; what a brilliant strategy! 😂😂😂😂
Reverse uno.
The mystery buyer could be the Shanghai Gold Exchange stocking up for the BRICS currency, through JP Morgan and other banks.
Yes, that and MBS
It's always a big pleasure to get information from you, Kevin. God bless great China. God bless you.
Every video a gem. Keep up the good work. I like your humour about the tea plantation. ''Not sure where''' haha.
The key phrase is "taking delivery"
Another nice, succinct vid. Love the end shots, btw
I remember wondering about how/when China would make the RMB convertible. That was in 2018, when I was trying to understand the Chinese economy and why the US was so threatened by it. Two bits of info stood out. 1. You need gold to underpin a convertible currency. China's gold reserves hadn't (up to the 90s) been anywhere near enough so the CCP started buying goldmines. Otherwise they would never have been able to buy enough gold. 2. Blockchain technology has been a strategic focus for about 15 years. What I eventually realised was that rather replacing the dollar per se, the Chinese were simply going to provide different options to facilitate trade, bypassing the dollar in the process. Perhaps it's time for the US to get over their sulk that China beat them at their own game after joining the WTO.
China doesn't need the CNY to be convertible. China does just fine with bilateral currency swap lines, and their currency is backed by their industrial economy being able to immediately convert CNY into shiploads of consumer goods at a drop of a hat.
Yes I have to say , I absolutely love this channel, the information bombs he drops are spot on , informative, on point , ahead of the curve , so informative, however as much as I appreciate being one of the few that gets access to this gold mine of information, the subliminal quotes / prays at the end should be either at normal volume, otherwise it could hurt the channels growth due to its covert subliminal message
Personally I’m atheist, however nothing against those who believe , however it shouldn’t be like a hidden message at the end
Anyways not my channel, but just my two cents
Love the channel , it’s now my favourite channel , thanks for making the videos
There are bigots everywhere, including in Atheism. Live and let live. All roads lead to God. Ask the Chinese, what their ancient language concealed to the lay man, about the creation story, and why the Emperors ruled with Mandate from Heaven...whc was accepted by all then.
Wtf are you talking about
I don't think that the foreign buyers of gold bullion are having the US store it securely for them
Haha, yup
Yes, that's why he said they're taking delivery, to ship back home.
Whenever Smart politicians put their hands, in trade, banking systems, supply chain, industry and manufacturing controls, it hurt their corporations, share holders and their economy.
So, the next question needed to be asked is who are the sellers of these gold in exchange for dollars. Why do they want more USD?
They don't want dollar - they need it. Till now it's the main currency. But soon ..
Central banks are buying from the lbma ... From the gold mines dude
Those who want to maintain the illusion that the Dollar Financial System is strong and healthy. Physical gold had been moving from West to East for many years, so the West must be selling and the East buying.
West selling to the East
Great video from Portugal
3:34 As you describe, Bloomberg knows everything. But doesn't know the mystery buyer. Due to Bloomberg's potential discovery, the mystery buyer remains hidden in that manner.
"Those who think they know it all are very annoying to those of us who actually do".
Anunaki buying all the gold.😝😝😝
Very good finance education in real world.more beautiful scenery.
Insurance companies around the world are holdings lots of assets and are key players now.
Major Off market buying in bulk and moving it to buyers location has been going on for approx 5+ years now
Blessed are the poor in spirit, for theirs is the kingdom of heaven.
It isn't a paradox, it is intended for rug pull of economies outside of the G7. Once the pulling is done, their economies fail, dollars go back in to buy the huge dip.
Mystery Gold Buyers and Mystery Tea Plantations.
Got it
About the unexpected surge in Hong Kong stock in recent 4-5 weeks.
Primary funding might be " Middle East Money ". They have done the research and investigation for many months and finally get into action.
Could it be that with de-dollarization, now is a good time to trade their dollars for gold? If BRICS de-dollarizes and a fair number of countries do offshore transactions in their own currencies (maybe backed by gold) to the point that the dollar floating offshore becomes surplus dollars. Why would you buy bonds from a country that is going insolvent? Argentina and Japan are examples of high risk investments in their bonds. Argentina one year bonds yields 40% plus, 4 year bonds yield 49%. Japanese bonds yield close to zip.
World economic financial tectonic plates will be shifted when Glencore and CHICAGO CME will be replaced by a bourse in Beijing or Moscow. ! With contracts settled in gold or currency of mutual trust.
OMG that would be apocalyptic to the US
the world is fleeing us$.
I like that there is a prayer at the end.
Goodbye video look like Wuyi mountain in Fujian province.
Maybe someone here can explaine to me: if US can print dollar at will why skyrocketing debt?
Buy to no end.grown on tree
I know nothing about economy.
One question - when people say US debt, who actually US is indebted to ??
Those that hold US Treasuries….mostly Japan, China and US Institutions
They in debt to the federal reserve and therefore to the IMF
If you buy Treasuries fromYellen, you are expacting to make 5% a year. If the USD depreciates 5%, you make 0%. If the US seizes your Treasuries, you make -100%.
Tea plantation likely from Yunnan.
if US currency is higher, should the price in US be cheaper ?
That is what is odd: Gold AND Dollar rising together. Something is breaking in the system right now
@@dexlab7539 Gold, USD, oil is rising. But one of them is going to fall
Lend someone who can't pay back is foolish.
04:42 -- Gold or 'all the tea in China' ? 😀
Historically, China has always sold goods for gold. It used to be tea and silk for gold.
I am the misterious Gold 🏅 buyer 🤫
Address please LOL
Mystery Buyer: MBS (Saudi Arabia)
An independent senator in Australia was recently enquiring into some monkey biz with gov gold selling but not recording it !
Never give gold to monkeys
who is the mystery "Mover" behind gold price? LOL
You and me la...jumping into the new gold rush, a rush in desperation to preserve real wealth.
@@deepone5005 NO. the empire of lies.
MBS would be an excellent ‘mystery buyer’. Needs gold for BRICS and doesn’t want to piss off US
Still China and rest of the world
May be G7 countries too
Single family offices. 💰
传说中的神秘东方大国
Only a fool would lend money to a known theif.
Let me guess Kevin's developing theory... Oh! I think I may have it...
The US has the largest gold bullion from what I have read. They could switch from the petro-dollar to gold based. Then what?
US Gold hasn’t been audited in decades and is likely re-hypothecated many times over
✌️✌️✌️✌️✌️
That tea plantation slope looks so scary if there is a steep fall on the side of it.
From whom are these Global South central banks buying gold?
From BB Marcos..
Gold is produced globally
CIA?
No, that makes no sense. Most likely a rich BRICS nation that wants a low profile with the US. MSB (Saudi Arabia) fits the bill perfect
Careful with the sun burn on the nose
How do most of you guys still make profit? Even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then, I invested in cryptocurrency and stocks through the assistance of my discretionary fund manager
Hattie Glover.
Interesting, please, how can i get more information? i don't want to remain out of ignorance.
Crypto and NFTs are bringing a different revolution in the world economy. People are optimistic investors who earn consistently. Others will just sit and watch.
This is correct, Hattie's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
You got it wrong
Dollars don’t go to the United States-especially when they are fake dollars foreign entities created outside the United States. 😂 The real reason U.S. Dollars become more and more valuable is because fake dollars are being destroyed. Those who buy gold are only praying that gold can still worth something to a Dollar, once more and more people realize that there are really not that many Dollars in the World.
Yeah, you tell 'em, boyo. That clarity and usable information you gave is everything the Internet was built for.
typical comment by the less educated: without any explanation.
Farting opinions is free indeed
You guys just have fun staying poor
Please speak out loud at the end of your videos, if you ate going to pray or something do ut out loud xause you could be saying ahything
Turning the volume up works
@alanc457 you are a genius, adjusting the sound in production so it matches works. I listen to this in my morning drive, I can't spare the attention off the road, I just realise midway oh he is still talking was that a verse or a prayer. If you are gonna pray own it. I'll still listen.
@@playingserious9108 he gives a verbal cue to indicate he has stopped his presentation on every video. He names the location of the scenery before the prayer. At that point you might want to focus on the driving
the inaudible guy talking at the end is just a gimmick, you're not supposed to understand it at all. it is just part of his "signing off" shtick. I'm surprised you haven't worked it out, everyine else did.
@@rap3208 Well, you know, there are two kinds of people: those who can extrapolate incomplete data.
As usual a lot of half truths and opinion consistent with CCP policy in this video
In no particular order, just some of the points...
Any gold buying by the developing world generally would be for their own reasons and I suspect a leading reason might be any trade with China. If China is trying to divest itself of Dollars then an alternative currency has to be used and no one wants to be holding on to RMB which have no practical use other than settling transactions with China..
Because of the Dollar's strength, unless anyone believes the US Federal Reserve is going to do something that might decrease the Dollar's value it's actually incredibly stupid for any Central Banker to store their country's wealth in anything other than the Dollar right now. Despite a very surprising recent recent report that private gold transactions in China suddenly froze over the May holidays in China, right now the price of gold is probably highly over priced due to the Chinese Central Bank's sustained purchase of gold for at least 7 years. When or if China stops or slows purchasing gold on the open markets, it's almost a certainty that the price of gold would plummet until the markets regain equilibrium. Who knows, maybe someone in China suddenly got smart and realized China's excessive gold buying has cause China itself to be paying an artificial premium due to the shortage China itself is causing and thought that's pretty stupid to be hurting oneself.
Getting back to gold buying by the developing world, because they individually account for such a minuscule amount of international trade and are typically the definition of impoverishment, it probably doesn't matter much to the global economy as a whole what their decisions are to others.
The global financial community probably doesn't care much if any country settles their transactions in a currency other than the Dollar, either. At some point every nation probably has to deal with another nation using the Dollar and at that point the party that doesn't have Dollars will probably have to convert their currency. Even China can't avoid the Dollar, the RMB accounts for less than 3% of all international global trading and is mostly responsible for what exists.
The problem for China and its BRICS cohorts is that it's not easy to persuade other nations to join policies that turn their backs on the traditional global financial system. Every time a transaction doesn't pass though SWIFT, there's the possibility of extra complications and risk that transactions will fail or take longeer to complete and that alone can have enormous consequences affecting the value of currencies. It's one thing to persuade another nation or individual to join in a political policy but when talking about money, I doubt very many can be persuaded to risk the possible loss of a few million or trillion of any currency. due to a simple snafu
Keep doubting 😂
he is from taiwan. the world is changing and no longer wants USD
Fentanyl sure gud for you , RMB worthless? Endian ropees A gem?
Haha ... A whole lot of nothing
Who the f doesn't want rmb? Saudi UAE Iran are selling their oil to China and loves to get rmb. Farting opinions is free I know.
USA is overcapacity on printing dollars