In this week’s Live from the Vault, Andrew Maguire details how China's gold accumulation and the expanding Hong Kong SGE physical corridor are forcing a repricing of gold, while global central bank holdings overtake US Treasury reserves. As the Fed finds itself increasingly trapped between shrinking paper liquidity and rising physical demand, Andrew examines whether Bessant's push for lower yields is a policy error, or a signal that gold revaluation is closer than markets think. Send ...