Huge Gold News from BRICS! How Many Ounces Of Gold & Silver Are You HOLDING? – Andy Schectman

Huge Gold News from BRICS! How Many Ounces Of Gold & Silver Are You HOLDING? – Andy Schectman

Gold has outperformed both stocks and bonds since the turn of the century. Gold was among the best-performing assets of 2023. According to an analysis by the World Gold Council, gold outperformed emerging market stocks, US bonds, the US dollar, global treasuries, and commodities in general.
Andy Schectman, President and owner of Miles Franklin Precious Metals, emphasizes that major countries like China, Saudi Arabia, Russia, and India are shifting from bonds to gold. With a robust growth rate of 7.8% annually since 2000, Andy underscores gold’s outperformance compared to both the S&P and bonds.
Over the long term, the S&P 500 outperforms gold. Over shorter terms, particularly during periods of uncertainty, gold may have higher returns than stocks. As of December 2022, US stocks had an average 10-year return rate of 12.44%, while gold only returned 0.92%.
Meanwhile, Andy anticipates gold market changes before October’s “brics meeting,” where nations may discuss a common currency, signaling a shift away from the dollar. Central Bank has sought to stock up on the metal throughout the alliance, with many assuming that it was for an impending BRICS currency announcement. However, Forbes has recently reported that the BRICS bloc is using gold to help shift global demand away from the US dollar.
Envisioning a financial shift, he proposes Bretton Woods 3, a transparent system using commodities, with gold as a key tier-one asset. This system includes diverse commodities like silver and copper for a tangible asset-backed approach.
Andy Schectman predicts gold pegged to a new reserve currency, backed by the Russian Finance Minister and the 2019 reclassification by the Bank of International Settlements. Gold is a great potential alternative because gold remains more stable over time, unlike the US dollar, which has lost 98% of its purchasing power since 1971.
He raises concerns about intentional efforts within the US government to lose world reserve currency status. The US dollar saw an 8% decline in its share of global reserves in 2022, causing many to question since then whether the dollar’s days of dominance are over.
A December Reuters poll of 71 currency strategists showed the dollar is expected to fall against G10 currencies this year, with much of that decline predicted to come in the second half of the year.
Moreover, Andy states risks to the banking sector and massive government debt, suggesting potential consequences for the US global standing.

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China they’re shedding their bonds they own the least amount they have in 15 years Saudi Arabia Russia India they’re all shedding bonds and doing what buying record amount of gold gold is appreciated by 7.8% per year since 2000 that’s better than the S&P and obliterated the bond market and has no

Counterparty liability why do we need treasuries for that have default risk inflation risk and interest rate risk we can just buy gold and get rid of and kill two birds with one stone because they want to break free from the Western Hemy it’s not just the dollar which has

The Supreme sement to Brett Johnson’s point it is still the Supreme settlement currency for now but what they can really affect is the reserve status of the Dollar by shedding bonds and replacing it with gold which has a much longer history in terms of it being wealth gold has outperformed both stocks

And bonds since the turn of the century gold was among the best performing assets of 2023 according to an analysis by the world gold Council gold outperformed emerging market stocks us bonds the US dollar Global treasuries and and commodities in general Andy sheekman president and owner of Miles Franklin precious metals emphasizes that

Major countries like China Saudi Arabia Russia and India are shifting from bonds to gold with a robust growth rate of 7.8% annually since 200 Andy underscores Gold’s outperformance compared to both the S and p500 and bonds over the long term the SNP 500 outperform gold over shorter terms particularly during

Periods of uncertain cty gold may have higher returns than stocks as of December 2022 US Stocks had an average 10-year return rate of 12.44% while gold only returned 0.92% meanwhile Andy anticipates gold market changes before October’s brics meeting where nations may discuss a common currency signaling a shift away

From the Dollar Central Bank has sought to stock up on the metal throughout the alliance with many assuming that it was for an impending bricks currency announcement how however Forbes has recently reported that the brics block is using gold to help shift Global demand away from the US dollar

Envisioning a financial shift he proposes Breton Woods 3 a transparent system using Commodities with gold as a key tier one asset this system includes diverse Commodities like silver and copper for a tangible asset-backed approach now we present the clips of Andy sheekman insights from his recent interview with investing news before we

Continue to delve into this discussion please subscribe to our Channel and activate the Bell icon for timely updates in October you have the bricks meeting where they are going to announce which countries have been admitted and maybe even a commonly back currency which is one month before the election

That will reshape the world and I would say to you the likelihood of seeing something happen with gold Grows by the day as we get closer to these two very very Landmark pivotal decisions uh and meetings and outcomes since 2000 which is is is 25 years ago 24 years ago uh

Gold has outpaced the S&P and it’s outpaced the bond market you see the the countries that used to accumulate our our debt as an asset which has a very short limited time frame in historical sense of accepting a country’s debt as wealth as an asset you look at China

They’re shedding their bonds they own the least amount they have in 15 years Saudi Arabia Russia India they’re all shedding bonds and doing what buying record amount of gold gold is appreciated by 7.8% per year since 2000 that’s better than the S&P and obliterated the bond market and has no

Counterparty liability so the world is saying it what do we need treasuries for that have default risk inflation risk and interest rate risk we can just buy gold and get rid of and kill two birds with one stone because they want to break free from the Western hemony it’s

Not just the dollar which has the Supreme settlements to Brett Johnson’s point it is still the Supreme settlement currency for now but what they can really affect is the reserve status of the Dollar by shedding bonds and replacing it with gold which has a much much longer history in terms of it being

Wealth and if you go back for the last cent for last 25 years it’s outperform the bond market handily and the stock market so it acts the same way and when you see the the central banks which are the most well-informed Traders on the globe not just the wealthiest most well

Informed something tells me that gold will do very well when the when the switch is flipped but Charlotte I think it happens on a Monday morning you know and the little by little by little by little by little that’s what people should be paying attention to brettonwoods too Loosely would be when

We faulted on that we closed the gold window and then 3 years later 50 years ago struck an arrangement with the Saudi Kingdom hey will we will protect you that was the P dollar and he’s saying Breton Woods 3 is a system now that will be denoted or or or described through

Transparency like blockchain technology and commodities like gold so that’s why I think what is gold the only other tier one asset so how do you inspire confidence people say who’s going to trust China and Russia who the hell trusts the United States anymore so instead you create a system that is

Trustless you have a blockchain that the whole world can see and you Peg a commodity to it now doesn’t have to be one to one because you see the go people get hung up on the on the the backing of gold for two reasons one the gal from France proved that convertible

Currencies convert and he tried to take all the gold away from us that’s so he closed the gold window because if if you’re not going to be true to the system we’ll call it on you and say give us the gold and he drained almost half

The gold from the treasury and so that’s why Nixon closed the gold window and they also say there’s no way that the FED would allow a onetoone pegging because they wouldn’t have the monetary ability to to do things expand the money supply or whatever so how do you fix

That one blockchain technology takes the pa the place of convertible in other words the immutability is there for everyone to see and audited by the independent Auditors that will come in and say yeah it’s there each country has this amount there it’s there and the way

To do it is to Peg maybe 5 or 10% of each currency unit so only five or 10% is pegged that gives you 90 or 95% monetary latitude they can do what they need to do but still be Tethered to the fact that instead of being able to

Copiously create money out of nowhere and destroy the currency no you can’t do that anymore and for the whole world to see in a in a in a blockchain so you have immutability you have Commodities to me it’s a system that will be backed by Commodities and it’s not just gold it

Could be silver could be copper it could be anything Farmland anything that you consider important in in a world of Commodities natural gas oil anything Andy sheckman predicts gold pegged to a new Reserve currency backed by the Russian Finance Minister and the 2019 reclassification by the bank of international settlements gold is a

Great potential alternative because gold remains more stable over time unlike the US dollar which has lost 98% of its purchasing power since 1971 he raises concerns about intentional efforts within the US government to lose World Reserve currency status the US dollar saw an 8% decline in its share of global reserves

In 2022 causing many to question since then whether the Dollar’s days of dominance are over a December Reuters poll of 71 currency strategists showed the dollar is expected to fall against G10 currencies this year with much of that decline predicted to come in the second half of the Year moreover Andy

States risks to the banking sector and massive government debt suggesting potential consequences for the US Global standing let’s get back to the interview you cross a whole different line when you do that as the world Reserve currency little by little suppression coercion sanctioning confiscation all of these things instead of

Cooperation is the rallying cry and the glue that will make it stick will be the fact that gold I believe 100% will be pegged to a new Reserve currency using blockchain technology or a new settlement currency now two reasons I say that one we were told by the Russian

Finance min two years ago that it will be a basket of Commodities especially gold two what did the bank of international settlements do in 2019 they reclassify gold is the world’s only other tier one Reserve asset and if you look at the amount of gold that these countries have bought two years running

It’s world record most gold ever bought ever by the central banks over the last two years most of them those countries what I try to do is look at all the facts put them together and guess I mean that’s what it is I mean it’s it’s aam’s

Razer the most logical all right so there’s a man named Jared Bernstein he’s the lead economic adviser of the United States government look him up he has a degree in music and a master’s degree in social work and he’s the lead economic adviser of the United States government

His he advocates for the immediate loss of the world Reserve status he wrote a report called Dethrone King Dollar that was picked up by the New York Times and when Trump slapped tariffs on China when he was president he said great maybe this will break the dollar Reserve

Status this is a man who was advocating for the loss of the reserve status now think about that take a step back and say hm if I want to lose the reserve status what two things could I do more to piss off the world than to weaponize

It out and then tell the the Lynch pin of the hegemony OPEC hey thanks we’re going green so now you have and then at the same time inflate your currency and part of the Petro dollar status was taking the excess that you you get from selling your oil in dollars and

Reinvesting it into treasuries well how’s that worked over the last couple of years as the treasury market has been obliterated and then you look at what’s happened happening here it’s all divided and divisive and and screwed up right and the Open Cities and the the the lawlessness and the open BS all this

Stuff they’re looking at what the hell is going on in the United States now what I’m getting at is this is this too stupid to be stupid or could this be planned why would they do it but why would they do it is the question everyone’s going to be thinking why

Would they do it by the way before I answer that the number two economic advisor of the United States government is a lady named L Brainard who worked at the treasury then worked at the FED while at the FED working with MI it in development of the new Central Bank

Digital currency that Biden fast-tracked in an executive order just ran point for fed now that just came out a few months ago which is like venmo and zel on steroids back by the FED which will probably be um offered by in the place of checks and wires within a year point

I’m getting at is one’s a mod they’re both modered monetary theorists one wants to see a culling of the banks one wants to lose the reserve status when you look at all the things that we have done and you look at the banks that are on Razor’s Edge they jack up interest

Rates so fast after incentivizing these Banks to load up on treasuries when the reserve requirement was Zero at covid the banks are on razer’s edge well what’s the better best way to blow up the banks let rates go to the Moon how do you incentivize that to happen

Without falling on the sword what I’m basically getting at is this my mentor was a man named Richard Russell God Rest his soul the best newsletter writer the smartest man and he said back then almost 20 years ago the FED is has created so much debt it can never be

Repaid there are two options either inflate or default and I think there’s option number three and option number three is to find a villain it’s those bastards xinping and Putin and OPEC they did it to us how could they do it to us but look at what we’ve done to shed and

Instead of clinging to the to the The Prestige and the value and the exorbitant privilege of being the world Reserve currency we are doing everything we can to lose it weaponizing the dollar going green and letting everyone around the world and even in the United States

Say what the hell is happening to this country and it doesn’t Inspire the confidence that it once did and you know we have a155 trillion in debt by the government’s own admission some experts recommend allocating 5% to 10% of your portfolio to Gold to ensure stability during Market volatility and hedge

Against inflation ultimately how much of your portfolio you allocate to Gold depends on your short and long-term financial goals and risk tolerance what role will gold play in navigating the evolving dynamics of global Finance share your thoughts thoughts in the comment section below if you find this video informative don’t forget to

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