China's Vault Network and the Return of the Retail Buyer

In this appearance on the Flyover Conservatives podcast, Dr. Kirk Elliott makes the case that following gold is the clearest way to see where financial power is moving. He describes gold as tangible wealth that has held its role across history, and points to its treatment as a tier one asset under the Basel III framework and as a high-quality liquid asset in China. Much of the conversation centers on China's expanding network of gold vaults, from Shanghai to Dubai, which he reads as an effort to settle and store outside London and New York, alongside the BRICS nations and the Project mBridge settlement system, with Germany signaling interest. He explains the underlying logic simply: banks lend against collateral, and where currencies have lost that quality, gold retains it. He also notes that retail buyers appear to be joining institutions, citing Fidelity's decision to double its gold holdings, and observes that silver carries an added layer of industrial and manufacturing demand. He frames physical gold and silver as tangible assets individuals may want to consider, and invites viewers to schedule a consultation with the KEPM team.