BRICS Shocked Dollar by Switching to Gold Reserve: What next?
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- เผยแพร่เมื่อ 27 มิ.ย. 2024
- In this video, we explore the recent global shift toward increasing gold reserves and examine how this trend impacts the relationship between gold prices and the US dollar. We delve into the reasons behind various countries' moves to diversify their reserves away from the US dollar. Additionally, we analyse how gold prices typically respond to fluctuations in the US dollar.
BRICS to Leave UN: What Next?
Watch the full video here
👇👇👇👇👇👇👇👇👇
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UN . IMF. WORLD BANK and every things that smell dollar .
lower music maybe
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Well it's time for the BRICS- New World Order to come up with a default reserve currency or simply go back to gold as the reserve. It will be too chaotic for each country to trade in their respective currencies with the daily change in exchange rates.
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Please can you leave the info of your investment advisor here?
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Gold doesn't bully the world and doesn't go to war, the USD does!
BRICS XL choosing gold above USD is a no-brainer!
It's funny because china and Russia and India are the powerhouses of bricks but India and China are always one bad decision from war china and Russia are collapsing and trying to cover it up NATO is king and bricks is nothing but an alliance for criminals and idiots
Rotfl
Ever hear of the Cavalry of St George.
British gold subsidies supported the war against France .
But remember
Times of no gold is far better than times of no oil.
@@charleshinton8565 We'll soon find out won't we!
The way things are going the US won't have either of them!
Let's see what they prefer to have first!
Neither does the USA. It's a wonderful decision. Too bad there is not remotely enough gold in the world to do it, wingnut.
Switching from dollar to gold is smart chose ✅
Does that mean we need to buy groceries in gold 😢 how can we afford gold
Only if there is enough gold and here is not nearly enough gold wingnut.
@@theblackdog2399 that's what they tell you.
Dumber than the day is long! Doomed 2 fail! The only real currency in BRICS is China's RMB, which if you checked , keeps losing market $value every month! So really $BRICS is really Mr.Xi's propped up Yuan and nothing more!
Compare what 1 oz of gold would buy before WW2. Now compare what $35.00 Brenton Woods rate will buy today. Gold always wins.
Rotfl
Dow 1980 900
Gold 1980 800
Dow 2024 39,000
Gold 2024 2400
WHO won?
Gold was confiscated at a lower price, before it was floated at USD 35.
@@charleshinton8565game is a long way from over.
What have we learned, dear friends?
That's right. Uncle Sam can never be trusted to not screw you over.
What happen to libya?
Not using USD and your country will be banned or overthrown unless we all join BRICS. Even Thailand can not avoid it.
@@HadiTamin Uncle Sam screwed then over.
And the funny thing about it is there isn't a damn thing you or anyone else can do to stop it.
Uncle Sam very busybody person...always interfear others..acting like kind big brother..
The whole world knows the truth about what happened many years ago, especially since the beginning of technology, when merchants controlled the seas, oil, gas, gold, uranium, and many minerals. For this reason, many peoples have become poor in Latin America, Africa, the Middle East, and Asia, as well as Europe, America, and Canada. All of these countries are rich. The problem is that merchants who manipulate people and against people are the basis of greed and selfishness. These are criminals. For this reason, they want to control the Middle East and the Gulf states, and they want to control Nigeria and Niger. There is a lot of gold in these places. This is the reality of the war in the Red Sea, in Yemen and in Gaza.
Uncannily, at the root of the problem you will find a certain tribe of people who are the majority players. Coincidence?
Too much gold is inflationary, as happened in Spain in sixteen century.
Fort Knox is empty. Audit the federal reserve bank now,
Must be a Ron Paul fan.
actually it holds 4580 metric tons of gold.. The US DOES have the most gold on the planet ... en.wikipedia.org/wiki/United_States_Bullion_Depository
@@melvinmolly4151does it no one is allowed into check and lots of countries are taking their gold back.
@@melvinmolly4151 they stole so much from Irak, Libia and we don’t know from the Nazi 🤣🤣🤣
@@melvinmolly4151 Wikipedia?? 😂😂😂
Tons and TONS and TONS of GOLD from Africa for 400 ? YEARS 😮😢
And how many African kings were paid for it?
@@pab4435 The crooked politicians
@@pab4435none
If it ain't white it ain't right
India and South America too dude
It is so pleasing to see the fall of the nefarious, belligerent and hegemonic west.
Your system is better? Doubtful
@@88gcllc keep doubting
They loved to call others 2nd wotld 3rd world.
What about the people,
@@paulcooverjr.6947the people kept voting for the two party system and since we Americans kept voting for the same 2 parties expecting change we'll get what we deserve for this insanity
All The Best to BRICS
Other than generating clicks, what else is BRICS good for?
@@theblackdog2399 Brics is good for peace. Something the US knows nothing about.
@@theblackdog2399.......Brics is a all rounder block otherwise this year their main focus is to end poverty to all countries who belong under Brics........this Year I had that they would exchange grain and fertilizer at a cheaper reasonable price than the current price that would be a game changer... otherwise the main focus is development without monopoly.......
Welcome brics...👍
For what? Wishful thiniking?
@@theblackdog2399no for the fact that the are helping lifting other countries out of poverty . Mean while US is taking its citizens in poverty😂😂😂
Satan@work👹....
@@mbrinkman1973 you are right the US is s satan at work. Endless wars, destroying people's lives and keeping countries in poverty just for pure greed.
Now i think about it, our country (INDIA) took back 1000kg of gold which was kept in UK banks for any economic issues.
Take back what is yours,better quick than sorry.
@@sarasalleh3442Then whole UK belongs to INDIA for defaulting after WW2 for not paying GOLD and services to NIZAM and INDIAN soldiers.
NIZAMs whole wealth is locked in England bank INCLUDING KOHINOOR and PEACOCK THRONE
USA dollar becoming toilet paper😂
$ is better than whatever you are using currently
Oh Shit!
Not to inside the USA
The USD is trading normally on the DXY against major currencies. Go check.
Just like the German Reichsmark after WWII.
Wow! What a great video. you so well articulated. Monetary and Fiscal policies should work hand in hand to have a full effect, but we live in an era where government just doesn't care, it will spend and double-down and spend more and more.. it just doesn't care, and it would debilitate the monetary policy. The sad outcome will be likely BOTH the transition to a digital dollar CBDC that will give ultimate control to the government thus shrinking even more the independence of the central bank. At some point the central bank will have no actual meaning left. Honestly, it feels we're not too far from it already..... I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading...The only wild card for us investors is to actively engage the market by trading, it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...
Sandy Barclays program is widely available online..
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
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Good analysis and update. Keep it up. Tks 👍
Gold investment is really the main deal and anticipate more block shares partner for joint deals
if the u.s. went to a gold standard it would kill half of its economy. the only good thing about going back too a gold standard at this point would be that it would force everyone to focus on the basics
Next????... Recycle USD to toilet pappers.. save the planet.. green the earth...recycle please.. No waste..hahaha
Go, BRICS!!!!❤❤❤
Russia does not need to extract gold) She seals gold prisks for stock) The Evenki district in the Krasnoyarsk Territory is completely clogged with such prisks and gold mining is not going on) it's for the future as they say)
The United States of America 🇺🇸 must began moving and opening Iron and Steel Industries in many states. We must move Farmlands, Cattle Lands and Fruits to states which have more rain and lower heat patterns. We must replant all lost of Timberland which fire consumed in many states. Also we must breed many types of Fishes in our Seas, Oceans, Lakes and Rivers in every state and off every shore. May our government begins thinking ahead of others since the Gold/Silver and Platinum will soon take over the Markets. If BRICS indeed lead the World Financial System up to a 25 year obligation before being voted upon by other natons. But doing this we will level the playing field with their citizens being able to buy and sell for reasonable results. 😊
no gold = no money.
Lol
With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap
"THE STREETS ARE PAVED WITH PURE GOLD"
Gold from PERU
AZTECs😮
Thank you , Fastepo !
The future of peoples must rely on local, internal industry and agriculture, respect for all national currencies in the world, and equality between currencies in the world. All of humanity has the right to medical care, education, and housing, providing housing for many people who need housing, fighting administrative corruption, and holding all companies that affect the environment accountable. This is the future, the future. It is the construction of the infrastructure for all countries according to an international agreement. The reason for these wars, crime and terrorism are the merchants who ruled the world and the people know this truth.
Thanks to this new Administration- just everything they’ve done -unsmart tactics !
Actually every time republicans get control they lower taxes for the wealthy and cut death taxes and want to axe social security and Medicare. So unless you make over a million a year and have a million in savings basically they are screwing your and your family lmao at how this country has become.
It takes time to digest the parametric value assessments portrayed .
Always appreciate your presentations 🙂
So nice of you
Exactly
Very helpful video! !!!
Many still don't understand why the USA weaponised USD? ....when the World using USD... USA earned tons of money !!!
Not after 2008 reckless recession
How? Explained? And is there an alternative that is as trustworthy?
gold@@michanel888
The answer is easy we dig up our gold and use it lol
America needs to switch to the Goldback.
It’s markets are too large.
Good informative video 👍👍👍
Pleas show the very latest figures of top ten countries with highest govt gold reserves.
Does the US buy it’s gold by printing more money or do they actually pay for it???
Us was directly equivalent to gold, but now no currency is . How much gold government buy is irrelevant,That is different
Gold only 😂
Let's see the changes
Watching from denver colorado freedoms worldwide freedoms freedoms.
SCO countries are dumping dollars too. ASEAN countries are dumping dollars too. 😮
What is the dollar fixed to now? Tungsten?
wood hehe
It's totally fiat currency now, the US Government says it has value.
thin air
But BRICS must remember one thing that, The valuation of gold is determined by the LME
If people like may agree, but we decide our gold price SPECIALLY by MINES or their controlling Govt
Not anymore
You can’t use a resource that is wildly limited to expand an economy this one of the biggest flaws in gold standard.
Kings&Queens Currencies!😊👍
It’s only a shock to those who haven’t been paying attention. To those who have its business as usual.
The music is distracting
I am all for using physical precious metal that is limited.. for currency. Not something virtual like Bitcoin or something humans can Manufacture.. like Paper Bills.
At least you cant Manufacture Gold..
Not even paper anymore, they just typed whatever numbers they want to loan and demand hard currency as pay back plus interest. This according to a finance scholar.
Someone needs to check Fort Knox. Those gold bars are probably lead center.
The value of the fiat USD has lost more than 96% of its purchasing power since the creation of the Federal Reserve in 1913.
Consumer prices have gone up more than 24 times since 1913, meaning that $1 Billion fiat USD's from 1913 would have less than "4 cents" in purchasing power today, where as $1 Billion in GOLD would be worth $30.7 TRILLION fiat USD's.
This is the result of USA just printing off more fiat USD’s to cover their debt (which they never pay off, they just print more fiat USD’s). This would not happen with Gold.
For example, in 1978 an Oz GOLD was worth $35.00 and in 2023 an Oz GOLD is worth $2,000.00, an INCREASE of 5700%. Similarly, from 1978 to 2023, $35.00 fiat USD has a buying power of "19 cents", a DEVALUATION of over 5500%.
This is crazy! So basically the dollar is done?
Very well explained it just devalues constantly while gold increases in value overtime
"ended this convertibility" is a funny way of saying "stole all the money in the world".
I wonder how much Gold reserve does South Africa has since all the gold mines belongs to private overseas campanies
The total value of gold reserves in the World is equivalent to USD 37 trillion. Each of the global bond currency and equities markets is worth over the equivalent to USD one trillion. Gold is merely a sector. The US does not trade gold, yet holds an official 8,333 tonnes gold. BRICS countries holding gold might to some extent support the usually weak currencies. The ability to trade in reserve currencies is more important. The global trade currencies are the USD, Euro, Yen, GBP, AUD, CND and CHF (Swiss Franc).
Not for long. The west is collapsing
I am SATISFIED with the USD DOLLAR...hell and high water... already a thing...
❤😂👀👂👂✨❤️
US has no gold reserves.
There was no value in paper money,,, elektronik money etc,,,, it's always gold and silver which have value through era,,, this is called real Money
Where they get All that gold? That's sounding like a lie. What they reported. Who sold that much?
Exactly, shenanigans will persist
@@88gcllcTONS and TONS more than 1000 Tons of Gold looted from INDIA to UK and then to USA. UK defaulted on that GOLD to INDIA and it's still in circulation.
Without a central point that can infuse gold during times of deflation, the odds of a global depression ever happening has increased.
Want to win, build things again and EXPORT,
Brics isn't based off of gold it was purchased with gold big difference.
Why is the percentage of trades using USD actually gone up if there is a so-called dildollarization?
Why does this video feel like it's repeating itself am I going insane.
I hope it goes to gold it might make a better world
What’s more vital?
Gold or Oil?
The U.S. is the worlds largest oil producer.
China needs gold to buy oil.
BRICS have never supported bitcoin as it doesn't hold a real value
We shall see, my bet is on BTC vs shiny rocks
Fake moony.
Bitcorn.
Please eliminate that terrible music.👃
I just made a comment on the music. It is terrible and distracting.
We should have voted for smarter leaders
Gold prices shift up and down to create margins for paper traders.
True, but since the 90's it's been gong up from $300 to $400. Today its around $2400.
Stop comparing Troy ounces of gold bullion to fiat dollars. The buying power of gold hasn’t changed in 2,000 years.
THE WEST WILL ALWAYS STAND BY THE US DOLLAR BECAUSE WE TRADE WITH PEOPLE WE TRUST.
Maybe Canada will buy a oz , lol
All came from nature. LOL, I'm thinking too far. Well hopefully it'll balance the economy entirely.
Can you eat it?
Please remove the music
BRICS ---
BRICS Double + ... G7 Double -
I thought Putin connected the roebel to gold few years ago already
There will be no gold reserve for the BRICS currency. A unit will just equal a weight of gold. That is it.
Some years ago, before BRICS, I said the balance of power would change as soon as China and other nations question current valuation backed by fiat. I’m no prophet, but I can see sh!t coming decades away. It’s sound logic to question faith in an unbanked currency when you’re doing all the work but not living like you are.
Bismillah. . . . . ! Nations must Unite and Obey (God) Allah SWT in His Command to Rule and Govern their earthly temporal life by the Quran Alone, using Gold and Silver as His authorized medium of exchange, Islam as His Only authorized Religion to ensure their Heavenly Life Forever, (not to Hellfire Life). Mash'Allah! Allahu'akbar!
BETTER FOR THE BRICS TO LEAVE UN AND DO NOT USED DOLLAR AND EU CURRENCY USED GOLD .
the lesson here is keep the 'money hoarders' out of your temple
The world has entered the 6G era. But the Brics group will bring it back to the 2G era. Wow, awesome. Don't you ever think of more innovation?
USA is barely on 5G. China is entering 6G. /s
Regardless, USA works with the G7. BRICS+ works with 9 currently and soon to go to 49.
Also 157 Countries (out of 197 Countries in the World) have joined China's Global Trading Network with BRI AI Satellite Robotic Trading Ports (land, air and/or sea).
King Solomon Gold is the GOAT🤗
I wonder who holds the most gold reserves in the world, let me think, oh yeah the United States
It is tricky to know . I think they may have given it away to the federal bank as part of the arrangement to print as much as it wants and cheat with USD.
All countries use dollar-toilet paper ,so are we idiots,yes we don't deserve better
HeHe!😁
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But the dollar is backed by massive debt. Why wouldn't other countries find that attractive? That crazy getting in a life boat as the ship sinks. Downright un American.
dont throw dollar away
you always need bog roll
Hopefully this will bring back manufacturing and buy American again. If we made our own goods and stop buying cheap overseas crap we can go back to a great America.
👋👋👋👋👋
The United States is in trouble
When Really Dollar Down, the third world war is not far away..
💟BRICS+ Nations!
Central banks of leading countries are hoarding US dollars and gold and not the Chinese yuan. Reserve bank managers are accumulating the US dollar for its high yields as Chinese yuan interests have declined. The development bolsters the US dollar at a time when BRICS is looking to uproot it as the world’s reserve currency.
BRICS was using the Chinese yuan ahead of the US dollar for trade among member nations and other developing countries. Now that central banks of various countries are distancing themselves from the yuan, the US dollar is gaining prominence. The high-yielding U.S. dollar is the only currency that outperforms all other local currencies in the market.
Recent data published by the Official Monetary and Financial Institutions Forum sheds light that BRICS’ idea of de-dollarization is not working. Central banks of many countries are hoarding the US dollar and gold more than the Chinese yuan. The survey shows that a net 18% of reserve managers intend to increase their US dollar purchases.
Dang fr? so they did the opposite of what they wanted?
Cope
@@azizyahaya2174 that's not cope if it's an actuall fact
This is old news…..
Gold up and down......