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BRICS vs the West: Gold-Silver vs $-Bitcoin-Stablecoin
Paul Buitink talks to Eric Yeung aka KingKong9888, who prefers not to show himself.Eric has very interesting takes on the gold and silver markets, how the bull market has just begun and how BRICS is pivoting towards a commodity based standard. He sees Bitcoin and stablecoins as proxies and conduits for the dollar, not wanted by China, Russia and India.Eric explains the Shanghai Gold Index (SGE), the low free float of silver and how the LBMA may be in for trouble.Follow Eric here:https://x.com/KingKong9888Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:25 Who is Eric Yeung6:00 How much gold does China own8:48 Why China's secrecy on their gold11:28 Gold price manipulation17:36 Global free float of silver19:57 Silver price manipulation25:41 India's gold repatriation26:50 Should Western countries store at SGE?30:30 LBMA gold holdings36:05 Why the bull market for precious metals is not over39:23 Gold versus silver and the ideal form of money44:54 Bitcoin, stable coins and the battle with gold and silver49:06 Outro
Published on 8 hours ago