[Inside China Business] India and China push gold to record highs, then pull from Western vaults after Russia sanctions

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «Inside China Business» (@Inside_China_Business). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Gold prices are at historic highs, buoyed by India and China central bank buying in OTC markets. Further, all-time high levels of gold repatriation are underway, to vaults in Asia. Industry insiders and market experts are puzzled at the intensity and the timing of the gold buys, which seem divorced from economic fundamentals. But these moves are an essential aspect of the BRICS countries’ de-risking from Western banking systems. Following the sanctions on Russia, whereby billions of dollars of Russian reserves in US and European banks were seized, China and India were strongly motivated to reduce their exposure to Western regulators. China sold off huge portfolios of US Treasury bonds, and both China and India demanded physical deliveries of gold previously held by European custodians. Resources and links: Bloomberg, As the Rich Snap Up Gold Bars, Storage Vaults Brace for Business The Reserve (Singapore) Company page Bloomberg, The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge Reuters, Switzerland sent 524 tonnes of gold to China last year, the most since 2018 Atlantic Council, India outpaces the rest of the G20 in gold purchases India has brought back 1 lakh kg of gold from UK RBI Transfers 102 Tonnes of Gold from UK to India Amid Global Unrest Closing scene, Maiji Mountain, Gansu