Huge Gold News from Russia & China! This Will CHANGE EVERYTHING for Gold & Silver – Andy Schectman

Huge Gold News from Russia & China! This Will CHANGE EVERYTHING for Gold & Silver – Andy Schectman

In 2024, BRICS, spearheaded by China, is intensifying efforts to move away from the US dollar and explore alternative currencies. The entire bloc is focused on de-dollarization, with initiatives such as the development of BRICS and local currencies and expansion contributing to this strategic shift. Notably, China has taken a prominent role in championing the de-dollarization agenda, particularly in early 2024.
Andy Schectman, President and CEO of Miles Franklin, expresses concern over the sustained efforts towards de-dollarization, signaling potential implications for the global economic landscape.
Consistent with the theme that defined the BRICS alliance’s trajectory in the previous year, Russia has underscored that abandoning the US dollar is a top priority for 2024. This commitment was articulated during a recent gathering of BRICS Sherpas and Sous Sherpas held on Monday. The meeting brought together representatives from all BRICS nations, including the five newly expanded countries–Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. Significantly, this gathering marked the first time the expanded countries joined the original alliance members.
Schectman highlights a provocative move by the United Arab Emirates as it openly declares its decision not to trade in dollars. This stance is emphasized through a significant cross-border transaction between BRICS members, the UAE and China. The transaction settled on Monday utilized the new Digital Dirham, effectively sidelining the use of the US dollar. The UAE Central Bank initiated this groundbreaking Digital Dirham payment, amounting to Dh500 million, equivalent to 136 million dollars, with Shaikh Mansour directly conducting the historic transaction to China. Andy Schectman points out China’s strategic acquisition of the London Metals Exchange as part of its broader goal to control global commodities. China aims to register warehouses in the country to store metals traded on the LME, a move aligned with its vision since Hong Kong Exchanges and Clearing bought the LME in 2012 for 2.2 billion dollars.
Andy Schectman emphasizes the importance of the Tier One revision and the off-the-charts accumulation of gold by central banks. This accumulation is a precursor to some form of peg or significance in a new global financial system. The analysts of WGC noted that the People’s Bank of China led central banks in gold purchases last year, buying 225 tonnes in 2023. The National Bank of Poland was the second largest gold buyer last year, purchasing 130 tonnes and increasing its gold holdings by 57%.
Discussing James Rickards’ perspective, Schectman notes the possibility of BRICS nations pegging their currencies to the dollar value of gold. This strategy, seen as advantageous in times of US inflation, doesn’t imply the end of the US dollar. As gold is traded in US dollars, a BRICS currency pegged to gold would remain directly related to the dollar. Rickards suggests that in such a scenario, a rise in gold prices to 3,000 per ounce from 1,900 would represent a 28% gain against the US dollar.

📖 CHAPTERS:

00:00 Intro
00:42 De-dollarization
6:44 Gold Accumulation
7:48 BRICS Currency
11:21 Outro

“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #andyschectman

The bricks Nations will do is just Peg their currency to the dollar price of gold and they’re the ones accumulating all of the gold and and producing it all and so if the United States inflates the dollar goes down the price of gold goes up the bricks win if the United States

Tries to catch up and buy more gold the dollar goes down gold gos up bricks win and his idea is just to Peg it to the dollar value of gold if that happens they win without doing anything whatever it is I do believe that the tier one revision the

Central Bank accumulation off the charts uh I is going to have some form of a peg or or some significance to a new system in 2024 Bricks spearheaded by China is intensifying efforts to move away from the US dollar and explore alternative currencies the entire block is focused on dollarization with initiatives such

As the development of bricks and local currencies and expansion contributing to this strategic shift notably China has taken a prominent role in championing the dollarization agenda particularly in early 2024 Andy sheekman president and CEO of Miles Franklin expresses concern over the sustained efforts towards dollarization signaling potential implications for the global economic

Landscape consistent with the theme that defined the brics alliance’s trajectory in the previous year Russia has underscored that abandoning the US dollar is a top priority for 2024 this commitment was articulated during a recent Gathering of bricks Sherpas and Sue Sherpas held on Monday the meeting brought together representatives from All brics Nations

Including the five newly expanded countries Saudi Arabia the United Arab Emirates Iran Egypt and Ethiopia significantly this Gathering marked the first time the expanded countries joined the original alliance members sheckman highlights a provocative move by the United Arab Emirates as it openly declares its decision not to trade in

Dollars this stance is emphasized through a significant crossb transaction between bricks members the UAE and China the transaction settled on Monday utilized the new digital durum effectively sidelining the use of the US dollar the UAE Central Bank initiated this groundbreaking digital Durham payment amounting to 500 million durhams

Equivalent to $136 million with shik Mansour directly conducting the historic transaction to China Andy sheckman points out China’s strategic acquisition of the London Metals exchange as part of its broader goal to control Global Commodities China aims to register warehouses in the country to store Metals traded on the lme a move aligned

With its Vision since Hong Kong exchanges and clearing bought the lme in 2012 for $2.2 billion before diving into Andy Shan’s interview subscribe to our Channel and give this video a big thumbs up I you sophisticated not in terms of the word way we always expect it to me

And I use it in terms of sophisticated in terms of macro events and or let’s just say well people who understand where we are and and there have been some inordinately large deals that we’ve done but the volume is way off and it it’s Eerie it’s quiet and when you look

At what’s happening on the wholesale level when you look at what’s happening in Shanghai and lbma and comx the ETFs all bleeding off product it makes me wonder you know um how many people really understand what’s coming at them and I have this narrative that I continue to talk about that I see

Accelerating faster and faster and faster let’s talk about a few of them add it to what we talk about week after week after week and again look I I don’t I don’t want to say I’m sorry to anybody but I am sorry for being repetitive I am

And I’m not I’m sorry for being repetitive and following a chain of events that I’ve married my ideology to because I do believe it is the most important thing and although there are external factors that we should talk about and I try and touch on them most

Of the periphery is noise to me it’s the big picture that matters and the the dollarization that we continue to see to me is very alarming we talked about how the United barab Emirates made the provocative move of saying they’re not going to trade in dollars when that

Materializes I’m not quite sure and we talked about how they are the seventh largest producer of oil in the world and they are an OPEC member that was just admitted to Bricks here January 1st uh they just yesterday the day before completed the first ever digital transaction made directly to China

Through the mbridge platform we’ve talked about the mbridge plat platform for over a year um and that mbridge platform think of it as a bridge that allows Central Bank digital currencies to trade with one another outside of the Swift system now do you think there’s any coincidence to countries wanting to

Be able to transact with one another outside the Swift system I don’t this is how all of the countries are sanctioned when the West imposes sanctions they are locked out of the Swift system which is the oxygen if you will to be able to transmit money from entity to entity and

These countries are hellbent on finding a way to transact their own currencies their local currencies outside of the Swift system this is the first ever transaction made directly to China from the United Arab Emirates who just said they’re not going to take dollars anymore who was just visited by Putin

Right after they made that announcement who hasn’t left the country but twice in two years because of the sanctions you can see things in every corner if you look closely enough are accelerating and and I think that th this embridge platform is something we’ll hear more

And more and more about as a way for the bricks to end Reliance on the dollar through digital methods um we saw a very interesting article how many people know that the that Hong Kong or that China bought the lme the London Metals exchange a few years ago now they kept

That quiet a lot of people don’t know that but now we’re talking about warehouses in China that are are are going to be holding indust Ral Metals now the article didn’t talk a lot about precious metals I’m sure that’s next but when you talk about Metals store traded

On the lme this has been a very strategic aim of Hong Kong and of China to control all of the world’s Commodities I believe that this is something they have done methodically and they are working on and all of the relationships they’re working on like with the United barab Emirates center

Around trading in local currencies ultimately maybe in a bricks currency but has to do with commodities they bought the London Metals exchange and now they’re going to be warehousing metals that are trading on the lme in China little by little by little by little logarithmic Decay the infrastructure as being is being put

Into place Andy sheckman emphasizes the importance of the Tier 1 revision and the off-the-charts accumulation of gold by central banks this accumulation is a precursor to some form of Peg or significance in a new Global Financial system the analysts of WG C noted that the People’s Bank of China LED central

Banks in Gold purchases last year buying 225 tons in 2023 the National Bank of Poland was the second largest gold buyer last year purchasing 130 tons and increasing its gold Holdings by 57% discussing James ricks’s perspective sheckman notes the possibility of brics Nations pegging their currencies to the

Dollar value of gold this strategy seen as advantageous in times of US inflation doesn’t imply the end of the US dollar as gold is traded in US Dollars a bricks currency pegged to Gold would remain directly related to the dollar Rickard suggests that in such a scenario a rise

In gold prices to $3,000 per ounce from $1900 would represent a 28% gain against the US dollar let’s get back to the interview now you have the speaker of the house and the Biden Administration along with the European Union talking about not just freezing and sanctioning

But to confiscate to use to pay uh for the war because of congressional Appropriations drying up and so all of these things everything you just laid out so beautifully and articulately um these are all and that’s that’s what I see I put them all together and in and

Of themselves they have significance put them together and they have tremendous significance and this is the rallying cry the only way that I see this working is if they come back and Peg some form of a currency to something stable now I wanted just mention one other thing

Because I had lunch with someone who I respect a lot Mark moss and we talked a lot about my ideas and he he more or less echoed he agreed with everything I said his one takeaway you know he’s someone who believes a little bit more in Bitcoin than he does in in Precious

Metals but believes everything I said up until the point where I say they will take gold which is a tier one asset and Peg it to a distributed Ledger for the world to see and and and the immutability of it and the veracity of it and and you know I said it’s going

That’s the way it’ll work he says well a distributed Ledger if it’s not decentralized is just a a ledger is just a something that can be altered and changed and it’s the decentralization that keeps that from happening and I agree with that I mean the the urge to

Change and manipulate would be strong I first of all I don’t think any decentralized currency will ever exist in this current system um certainly not as as a government backed because how can you do something decentralized and still maintain control you can’t so if indeed the central planners stay in

Control my idea would have been to or is to what I think they will do is use blockchain to show the veracity of what’s PL pegged to it and have it independently audited I don’t know another way to do it without making it convertible and as gresham’s law says

Bad money chases out uh the good I just don’t see that that happening there’s not enough gold prices would have to go too high but using blockchain using gold at a much higher level pegging a percentage to it I think is what they plan on doing now one other thing I’d

Like to say you know you got James Rickards who has another take to it and his take is that what the bricks Nations will do is just Peg um their currency to the dollar price of gold and they’re the ones accumulating all of the gold and

And producing it all and so if the United States inflates the dollar goes down the price of gold goes up the bricks win if the United States tries to catch up and buy more gold the dollar goes down gold goes up bricks win and

His idea is just to Peg it to the dollar value of gold and if that happens they win without doing anything whatever it is I do believe that the tier one revision the Central Bank accumulation off the charts is going to have some form of a peg or or some significance to

A new system and that’s why I talk about people doing this the importance of it because a lot of people say we had no warning how did this happen and and I if you aren’t seeing this it it’s I can’t believe it I mean it’s just it’s all

Around us so I will continue down this road and and I think something will show Itself by or before October of this year Goldman Sachs predicts that the brics alliance comprising the original member nations and their expanding influence is set to dominate global GDP by 2050 the anticipated Ascent in GDP emphasizes the

Substantial economic power and influence that the brics nations are expected to wield over the coming decades solidifying their position on the global stage what potential implications and challenges might arise in the evolving landscape of the world economy and how could this shift impact geopolitical Dynamics share your thoughts in the

Comments section if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community