The ENDGAME Is Here! China’s About to Change Gold and Silver Prices FOREVER - Andy Schectman
Gold raced past the $2,700 mark for the first time on Friday, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S. presidential elections and Middle East conflicts.
Andy Schectman, CEO of Miles Franklin Precious Metals, sees the upcoming BRICS meeting as crucial for the future of gold and silver. The BRICS nations—Brazil, Russia, India, China, and South Africa—are moving away from the US dollar, focusing instead on gold to back their economies. At this meeting, they are expected to provide more details on their plans for using gold in new payment systems like the MBridge digital platform, potentially reducing reliance on the dollar.
Andy points out that BRICS nations have been building their gold reserves, with Russia even adding silver. This shift is driven by distrust in the US dollar due to rising debt and inflation. He believes the meeting will accelerate the move toward a gold-based financial system.
For those looking to protect their wealth, Andy emphasizes the importance of owning physical gold and silver. As BRICS nations shift to real assets, the demand and value of these metals are likely to rise, making them a key part of financial security in a changing global landscape.
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