Oil reserve drawdown, gold demand shift

追加: 2026-05-26

[00:00:00]Modi made 11 requests to the public, but two matter more than the rest, oil and gold. Here's what's really going on. JP Morgan shared a private report called Illusion of Plenty. During COVID, when oil demand collapsed, countries built up a global strategic reserve of 9 billion barrels. Now, with war driving consumption, those reserves are being drawn down. Current global stocks, 8.5 billion barrels. By June, 7.6 billion.

[00:00:25]What analysts call the operational stress level. Think of your phone at 20% with no charger in sight. That's where markets will be in June. [music] By September, JP Morgan projects 6.8 billion barrels if things don't get worse.

[00:00:37]>> [music] >> On gold, global jewelry consumption runs 430-450 tons per year. India leads, China follows. In times of crisis, both countries historically move into gold and real estate. Oil is running out faster than people realize. Gold isn't rising without reason. Do you think countries can stabilize reserves before September? Let us know in the comments.