Authored by GoldFix
In today’s GoldFix Market Rundown, Vince Lanci asks whether Trump is Nixon 2.0 for gold. He sets this week’s midterm sweep against 1974: a repudiated administration, weakened presidential authority and an energy crisis, the mix that set the table for gold’s 1970s run, and why the election alone is no price forecast.
Then the gold war in Asia. Hong Kong is challenging Singapore’s hold on physical bullion liquidity with vaults, tax incentives and yuan settlement, and JP Morgan and the bullion banks are playing both sides. Plus China’s first yuan sovereign bond in Canada, at America’s back door.
0:00 Two stories: the Hong Kong/LBMA gold war and the yuan in Canada
0:49 The midterms, as they relate to gold
2:20 The 1974 Nixon comparison
4:01 The potentially bullish parallel for gold
4:25 What gold did in 1974
4:50 The energy crisis they call an affordability crisis
6:05 Hong Kong/LBMA gold wars heat up
6:36 Singapore: Asia's OTC gold liquidity pool
7:24 Hong Kong the upstart
9:03 Tokenized gold vs. the incumbent
9:26 China is seeding the world with yuan
10:33 The winner: JP Morgan and the bullion banks
11:55 China's first yuan sovereign bond, in Canada
