Commodity Culture Who Dropped $1B on Gold in a Single Trade? 'Something Big is Coming': Eric Yeung
Aug 29, 2025
In this engaging discussion, Eric Yeung, aka KingKong9888, shares his insights on the resurgent role of gold and silver in global finance. He highlights a monumental $1 billion gold trade that signals big investments in precious metals. Yeung emphasizes the Saudi central bank's surprising stake in silver, reshaping central bank strategies. He also delves into China's aggressive push for gold investments and strategic acquisitions of silver, indicating a significant shift in global commodity dynamics.
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Supply Chains Shift Raises Silver's Strategic Role
- China benefited from a long period of low silver prices tied to globalized manufacturing and cheap supply chains.
- Eric Yeung argues the US shifting to reshore manufacturing removes that incentive and raises silver's strategic importance.
Saudi SLV Buy Signals Offshore Gold Strategy
- Saudi Central Bank buying SLV could functionally allow vault withdrawals because large SLV holders can be authorized participants.
- Yeung links this to China's offshore SGE vault strategy and possible Saudi cooperation to settle trade with gold.
Huge GLD Block Trade Hints At Remonetization
- A $1 billion dark-pool GLD block trade is unprecedented and may indicate large actors preparing for a remonetization of gold.
- Yeung sees parallel moves (Vietnam loosening gold rules, rising Chinese Hong Kong imports) as symptoms of gold re-entering reserve use.