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.

ความคิดเห็น • 293

  • @fastepo
    @fastepo  หลายเดือนก่อน +23

    BRICS to Leave UN: What Next?
    Watch the full video here
    👇👇👇👇👇👇👇👇👇
    th-cam.com/video/IwccA2r2mHI/w-d-xo.html

    • @ThierryHorel
      @ThierryHorel หลายเดือนก่อน +3

      UN . IMF. WORLD BANK and every things that smell dollar .

    • @Maria-sz1fc
      @Maria-sz1fc หลายเดือนก่อน

      lower music maybe

    • @Nattado365Washington
      @Nattado365Washington 28 วันที่ผ่านมา

      Breaking news Beacon Tracker unjustified by Jamaica, England and America 2024 0

    • @Nattado365Washington
      @Nattado365Washington 28 วันที่ผ่านมา

      Breaking news Beacon Tracker unjustified by Jamaica ,England and America 2024 0

    • @Nattado365Washington
      @Nattado365Washington 28 วันที่ผ่านมา

      Breaking news Beacon Tracker unjustified by Jamaica ,England and America 2024 0

  • @shellylofgren
    @shellylofgren 20 วันที่ผ่านมา +317

    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.

    • @donna_martins
      @donna_martins 20 วันที่ผ่านมา +3

      All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

    • @robert-1miller
      @robert-1miller 20 วันที่ผ่านมา +2

      Iron-ically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Vola-tility goes both ways. The banks are in a big crisis. The mar-ket looks very shaky. The bigger the red candles, the bigger the green ones. I have made over 280k in the last 4 months by invest-ing through my FA

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 20 วันที่ผ่านมา +2

      How can I reach this ad-viser of yours? because I'm seeking for a more effective inves-tment approach on my savings

    • @robert-1miller
      @robert-1miller 20 วันที่ผ่านมา +2

      Finding financial advisors like Vivian Jean Wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 20 วันที่ผ่านมา +1

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @Riggsnic_co
    @Riggsnic_co 16 วันที่ผ่านมา +150

    At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

    • @JacquelinePerrira
      @JacquelinePerrira 16 วันที่ผ่านมา +2

      You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.

    • @Jamessmith-12
      @Jamessmith-12 16 วันที่ผ่านมา +2

      In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

    • @kevinmarten
      @kevinmarten 16 วันที่ผ่านมา +2

      I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

    • @JacquelinePerrira
      @JacquelinePerrira 16 วันที่ผ่านมา +1

      Please can you leave the info of your investment advisor here?

    • @kevinmarten
      @kevinmarten 16 วันที่ผ่านมา +2

      Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @classesanytime
    @classesanytime หลายเดือนก่อน +80

    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!

    • @user-hv7kt9zc3m
      @user-hv7kt9zc3m หลายเดือนก่อน

      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

    • @charleshinton8565
      @charleshinton8565 หลายเดือนก่อน

      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.

    • @classesanytime
      @classesanytime หลายเดือนก่อน

      @@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!

    • @theblackdog2399
      @theblackdog2399 หลายเดือนก่อน

      Neither does the USA. It's a wonderful decision. Too bad there is not remotely enough gold in the world to do it, wingnut.

  • @thewhisper6058
    @thewhisper6058 หลายเดือนก่อน +43

    Switching from dollar to gold is smart chose ✅

    • @LiberTeaBag
      @LiberTeaBag หลายเดือนก่อน

      Does that mean we need to buy groceries in gold 😢 how can we afford gold

    • @theblackdog2399
      @theblackdog2399 หลายเดือนก่อน +1

      Only if there is enough gold and here is not nearly enough gold wingnut.

    • @missbstuurman
      @missbstuurman 29 วันที่ผ่านมา

      @@theblackdog2399 that's what they tell you.

    • @jelmerwalsh8973
      @jelmerwalsh8973 26 วันที่ผ่านมา

      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!

  • @mauricio-wq5lu
    @mauricio-wq5lu หลายเดือนก่อน +46

    Compare what 1 oz of gold would buy before WW2. Now compare what $35.00 Brenton Woods rate will buy today. Gold always wins.

    • @charleshinton8565
      @charleshinton8565 หลายเดือนก่อน

      Rotfl
      Dow 1980 900
      Gold 1980 800
      Dow 2024 39,000
      Gold 2024 2400
      WHO won?

    • @petersinclair3997
      @petersinclair3997 หลายเดือนก่อน +1

      Gold was confiscated at a lower price, before it was floated at USD 35.

    • @a13xdunlop
      @a13xdunlop หลายเดือนก่อน

      @@charleshinton8565game is a long way from over.

  • @azizyahaya2174
    @azizyahaya2174 หลายเดือนก่อน +58

    What have we learned, dear friends?
    That's right. Uncle Sam can never be trusted to not screw you over.

    • @HadiTamin
      @HadiTamin หลายเดือนก่อน +2

      What happen to libya?

    • @vitisanity
      @vitisanity หลายเดือนก่อน

      Not using USD and your country will be banned or overthrown unless we all join BRICS. Even Thailand can not avoid it.

    • @huemann7637
      @huemann7637 หลายเดือนก่อน +3

      @@HadiTamin Uncle Sam screwed then over.

    • @theblackdog2399
      @theblackdog2399 หลายเดือนก่อน

      And the funny thing about it is there isn't a damn thing you or anyone else can do to stop it.

    • @zainabramli2844
      @zainabramli2844 หลายเดือนก่อน +1

      Uncle Sam very busybody person...always interfear others..acting like kind big brother..

  • @hayd8946
    @hayd8946 หลายเดือนก่อน +19

    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.

    • @alyahamzah1952
      @alyahamzah1952 หลายเดือนก่อน +2

      Uncannily, at the root of the problem you will find a certain tribe of people who are the majority players. Coincidence?

    • @petersinclair3997
      @petersinclair3997 หลายเดือนก่อน

      Too much gold is inflationary, as happened in Spain in sixteen century.

  • @sbludba
    @sbludba หลายเดือนก่อน +24

    Fort Knox is empty. Audit the federal reserve bank now,

    • @theislander-sj1kq
      @theislander-sj1kq หลายเดือนก่อน +2

      Must be a Ron Paul fan.

    • @melvinmolly4151
      @melvinmolly4151 หลายเดือนก่อน

      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

    • @ijatpingrhyb
      @ijatpingrhyb หลายเดือนก่อน

      ​​@@melvinmolly4151does it no one is allowed into check and lots of countries are taking their gold back.

    • @MarianCirciumaru-jl1dy
      @MarianCirciumaru-jl1dy 29 วันที่ผ่านมา

      @@melvinmolly4151 they stole so much from Irak, Libia and we don’t know from the Nazi 🤣🤣🤣

    • @carbonduke01
      @carbonduke01 27 วันที่ผ่านมา

      ​@@melvinmolly4151 Wikipedia?? 😂😂😂

  • @user-me3ug7xs2b
    @user-me3ug7xs2b หลายเดือนก่อน +22

    Tons and TONS and TONS of GOLD from Africa for 400 ? YEARS 😮😢

    • @pab4435
      @pab4435 หลายเดือนก่อน

      And how many African kings were paid for it?

    • @user-me3ug7xs2b
      @user-me3ug7xs2b หลายเดือนก่อน +1

      @@pab4435 The crooked politicians

    • @garyantoni4658
      @garyantoni4658 หลายเดือนก่อน

      ​@@pab4435none

    • @raakmore4443
      @raakmore4443 หลายเดือนก่อน

      If it ain't white it ain't right

    • @abhishankpaul
      @abhishankpaul หลายเดือนก่อน +1

      India and South America too dude

  • @edwardwookw
    @edwardwookw หลายเดือนก่อน +34

    It is so pleasing to see the fall of the nefarious, belligerent and hegemonic west.

    • @88gcllc
      @88gcllc หลายเดือนก่อน +2

      Your system is better? Doubtful

    • @user-sq4fz1sh2n
      @user-sq4fz1sh2n หลายเดือนก่อน

      @@88gcllc keep doubting

    • @munnashah1195
      @munnashah1195 หลายเดือนก่อน +3

      They loved to call others 2nd wotld 3rd world.

    • @paulcooverjr.6947
      @paulcooverjr.6947 หลายเดือนก่อน

      What about the people,

    • @samuraitadpole5459
      @samuraitadpole5459 29 วันที่ผ่านมา

      ​@@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

  • @user-cj4pe6ls5s
    @user-cj4pe6ls5s หลายเดือนก่อน +42

    All The Best to BRICS

    • @theblackdog2399
      @theblackdog2399 หลายเดือนก่อน

      Other than generating clicks, what else is BRICS good for?

    • @ijatpingrhyb
      @ijatpingrhyb หลายเดือนก่อน

      ​@@theblackdog2399 Brics is good for peace. Something the US knows nothing about.

    • @sivuyilecelu1876
      @sivuyilecelu1876 26 วันที่ผ่านมา

      ​@@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.......

  • @OppoOppo-jr5fl
    @OppoOppo-jr5fl หลายเดือนก่อน +44

    Welcome brics...👍

    • @theblackdog2399
      @theblackdog2399 หลายเดือนก่อน

      For what? Wishful thiniking?

    • @ijatpingrhyb
      @ijatpingrhyb หลายเดือนก่อน

      ​@@theblackdog2399no for the fact that the are helping lifting other countries out of poverty . Mean while US is taking its citizens in poverty😂😂😂

    • @mbrinkman1973
      @mbrinkman1973 หลายเดือนก่อน

      Satan@work👹....

    • @ijatpingrhyb
      @ijatpingrhyb 29 วันที่ผ่านมา

      @@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.

  • @I_havea_Doubt
    @I_havea_Doubt หลายเดือนก่อน +11

    Now i think about it, our country (INDIA) took back 1000kg of gold which was kept in UK banks for any economic issues.

    • @sarasalleh3442
      @sarasalleh3442 หลายเดือนก่อน +3

      Take back what is yours,better quick than sorry.

    • @prabhakar0076
      @prabhakar0076 หลายเดือนก่อน +2

      ​@@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

  • @Dragon3514-m9u
    @Dragon3514-m9u หลายเดือนก่อน +67

    USA dollar becoming toilet paper😂

    • @88gcllc
      @88gcllc หลายเดือนก่อน +2

      $ is better than whatever you are using currently

    • @sbludba
      @sbludba หลายเดือนก่อน

      Oh Shit!

    • @Zindo.Majesty.HisMajesty
      @Zindo.Majesty.HisMajesty หลายเดือนก่อน

      Not to inside the USA

    • @petersinclair3997
      @petersinclair3997 หลายเดือนก่อน

      The USD is trading normally on the DXY against major currencies. Go check.

    • @jumbe
      @jumbe หลายเดือนก่อน

      Just like the German Reichsmark after WWII.

  • @tarastruck
    @tarastruck หลายเดือนก่อน +74

    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...

    • @tarastruck
      @tarastruck หลายเดือนก่อน

      Sandy Barclays program is widely available online..

    • @amirragab-xp6im
      @amirragab-xp6im หลายเดือนก่อน

      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.

    • @RuyVictorio
      @RuyVictorio หลายเดือนก่อน

      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.

    • @Demiray66
      @Demiray66 หลายเดือนก่อน

      Recession are unavailable part of the economic cycle, all you can do is prepared for them and plan accordingly.

    • @JavierJumbo-jn6jg
      @JavierJumbo-jn6jg หลายเดือนก่อน

      Sandy Barclays’s understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. Her siignals are top notch..

  • @ongyenher548
    @ongyenher548 หลายเดือนก่อน +8

    Good analysis and update. Keep it up. Tks 👍

  • @LuckasJackson
    @LuckasJackson หลายเดือนก่อน +8

    Gold investment is really the main deal and anticipate more block shares partner for joint deals

  • @BookerT1
    @BookerT1 หลายเดือนก่อน +3

    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

  • @HamzahZai-ff7tm
    @HamzahZai-ff7tm หลายเดือนก่อน +28

    Next????... Recycle USD to toilet pappers.. save the planet.. green the earth...recycle please.. No waste..hahaha

  • @nickpope8056
    @nickpope8056 หลายเดือนก่อน +5

    Go, BRICS!!!!❤❤❤

  • @sherstovir
    @sherstovir หลายเดือนก่อน +12

    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)

    • @user-rc7rn8zr3s
      @user-rc7rn8zr3s หลายเดือนก่อน

      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. 😊

  • @koojaba5911
    @koojaba5911 หลายเดือนก่อน +12

    no gold = no money.

    • @88gcllc
      @88gcllc หลายเดือนก่อน

      Lol

  • @sarahkhan2310
    @sarahkhan2310 หลายเดือนก่อน +3

    With a massive 35 trillion debt everything in the u s is collapsing. Holding on to the dollar and bond is a death trap

  • @brendafulmernickel1218
    @brendafulmernickel1218 หลายเดือนก่อน +4

    "THE STREETS ARE PAVED WITH PURE GOLD"

  • @user-me3ug7xs2b
    @user-me3ug7xs2b หลายเดือนก่อน +10

    Gold from PERU
    AZTECs😮

  • @suhandiwijaya9304
    @suhandiwijaya9304 หลายเดือนก่อน +4

    Thank you , Fastepo !

  • @hayd8946
    @hayd8946 หลายเดือนก่อน +5

    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.

  • @christinabernard5708
    @christinabernard5708 26 วันที่ผ่านมา

    Thanks to this new Administration- just everything they’ve done -unsmart tactics !

    • @brycelynch2306
      @brycelynch2306 24 วันที่ผ่านมา

      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.

  • @user-pm4fp6re2t
    @user-pm4fp6re2t หลายเดือนก่อน +2

    It takes time to digest the parametric value assessments portrayed .

  • @jeffreymortag52
    @jeffreymortag52 หลายเดือนก่อน +6

    Always appreciate your presentations 🙂

    • @fastepo
      @fastepo  หลายเดือนก่อน

      So nice of you

  • @user-me3ug7xs2b
    @user-me3ug7xs2b หลายเดือนก่อน +7

    Exactly

  • @Mer-t9j
    @Mer-t9j หลายเดือนก่อน +2

    Very helpful video! !!!

  • @phongy45
    @phongy45 หลายเดือนก่อน +17

    Many still don't understand why the USA weaponised USD? ....when the World using USD... USA earned tons of money !!!

    • @prabhakar0076
      @prabhakar0076 หลายเดือนก่อน +1

      Not after 2008 reckless recession

    • @michanel888
      @michanel888 หลายเดือนก่อน

      How? Explained? And is there an alternative that is as trustworthy?

    • @junkycable3
      @junkycable3 28 วันที่ผ่านมา

      gold​@@michanel888

  • @SenatorArmstrong-c9c
    @SenatorArmstrong-c9c หลายเดือนก่อน +6

    The answer is easy we dig up our gold and use it lol

  • @AbramTaylor-pw9gs
    @AbramTaylor-pw9gs หลายเดือนก่อน +4

    America needs to switch to the Goldback.

  • @user-rj8ln5qj2u
    @user-rj8ln5qj2u หลายเดือนก่อน +1

    Good informative video 👍👍👍

  • @PKarri
    @PKarri หลายเดือนก่อน

    Pleas show the very latest figures of top ten countries with highest govt gold reserves.

  • @roberttoynton9781
    @roberttoynton9781 หลายเดือนก่อน +2

    Does the US buy it’s gold by printing more money or do they actually pay for it???

  • @vicchris3943
    @vicchris3943 หลายเดือนก่อน +1

    Us was directly equivalent to gold, but now no currency is . How much gold government buy is irrelevant,That is different

  • @user-vy2se7yu2r
    @user-vy2se7yu2r หลายเดือนก่อน +11

    Gold only 😂

  • @jeannierosegafate4933
    @jeannierosegafate4933 29 วันที่ผ่านมา

    Let's see the changes

  • @OkhoOloneAjake
    @OkhoOloneAjake หลายเดือนก่อน +4

    Watching from denver colorado freedoms worldwide freedoms freedoms.

  • @DumpTheDollar
    @DumpTheDollar 23 วันที่ผ่านมา

    SCO countries are dumping dollars too. ASEAN countries are dumping dollars too. 😮

  • @Cooee1961
    @Cooee1961 หลายเดือนก่อน +2

    What is the dollar fixed to now? Tungsten?

    • @programmerx7
      @programmerx7 หลายเดือนก่อน

      wood hehe

    • @justinweaver7428
      @justinweaver7428 หลายเดือนก่อน +1

      It's totally fiat currency now, the US Government says it has value.

    • @nanan75
      @nanan75 หลายเดือนก่อน +1

      thin air

  • @RuwanJayasekara-ng7vz
    @RuwanJayasekara-ng7vz หลายเดือนก่อน +1

    But BRICS must remember one thing that, The valuation of gold is determined by the LME

    • @prabhakar0076
      @prabhakar0076 หลายเดือนก่อน

      If people like may agree, but we decide our gold price SPECIALLY by MINES or their controlling Govt

    • @ijatpingrhyb
      @ijatpingrhyb หลายเดือนก่อน

      Not anymore

  • @dreadscott78
    @dreadscott78 หลายเดือนก่อน

    You can’t use a resource that is wildly limited to expand an economy this one of the biggest flaws in gold standard.

  • @user-mr1ny4ez4t
    @user-mr1ny4ez4t หลายเดือนก่อน +2

    Kings&Queens Currencies!😊👍

  • @ace9840
    @ace9840 หลายเดือนก่อน

    It’s only a shock to those who haven’t been paying attention. To those who have its business as usual.

  • @JamesSmith-bo3po
    @JamesSmith-bo3po หลายเดือนก่อน +2

    The music is distracting

  • @lingth
    @lingth หลายเดือนก่อน +1

    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..

    • @kyleanuar9090
      @kyleanuar9090 หลายเดือนก่อน

      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.

  • @darkcloud5830
    @darkcloud5830 29 วันที่ผ่านมา

    Someone needs to check Fort Knox. Those gold bars are probably lead center.

  • @dranzacspartan8002
    @dranzacspartan8002 หลายเดือนก่อน +1

    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%.

    • @user-cf6ix9uw8h
      @user-cf6ix9uw8h หลายเดือนก่อน +1

      This is crazy! So basically the dollar is done?

    • @jarrodwilson2382
      @jarrodwilson2382 หลายเดือนก่อน +1

      Very well explained it just devalues constantly while gold increases in value overtime

  • @quantumangel
    @quantumangel หลายเดือนก่อน

    "ended this convertibility" is a funny way of saying "stole all the money in the world".

  • @sivuyilecelu1876
    @sivuyilecelu1876 26 วันที่ผ่านมา

    I wonder how much Gold reserve does South Africa has since all the gold mines belongs to private overseas campanies

  • @petersinclair3997
    @petersinclair3997 หลายเดือนก่อน

    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).

    • @ijatpingrhyb
      @ijatpingrhyb หลายเดือนก่อน

      Not for long. The west is collapsing

  • @donnahall-kumar333
    @donnahall-kumar333 หลายเดือนก่อน

    I am SATISFIED with the USD DOLLAR...hell and high water... already a thing...
    ❤😂👀👂👂✨❤️

  • @fernan5320
    @fernan5320 หลายเดือนก่อน +1

    US has no gold reserves.

  • @HariYanto-448
    @HariYanto-448 หลายเดือนก่อน +1

    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

  • @869handyman
    @869handyman หลายเดือนก่อน +2

    Where they get All that gold? That's sounding like a lie. What they reported. Who sold that much?

    • @88gcllc
      @88gcllc หลายเดือนก่อน +1

      Exactly, shenanigans will persist

    • @prabhakar0076
      @prabhakar0076 หลายเดือนก่อน

      ​@@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.

  • @Tonyrg1988
    @Tonyrg1988 หลายเดือนก่อน

    Without a central point that can infuse gold during times of deflation, the odds of a global depression ever happening has increased.

  • @julieannspas518
    @julieannspas518 หลายเดือนก่อน +2

    Want to win, build things again and EXPORT,

  • @cheshirekittinz17
    @cheshirekittinz17 หลายเดือนก่อน

    Brics isn't based off of gold it was purchased with gold big difference.

  • @nigelbaldwin2515
    @nigelbaldwin2515 หลายเดือนก่อน

    Why is the percentage of trades using USD actually gone up if there is a so-called dildollarization?

  • @Gummypuss
    @Gummypuss หลายเดือนก่อน

    Why does this video feel like it's repeating itself am I going insane.

  • @martinriding3592
    @martinriding3592 หลายเดือนก่อน

    I hope it goes to gold it might make a better world

  • @charleshinton8565
    @charleshinton8565 หลายเดือนก่อน

    What’s more vital?
    Gold or Oil?
    The U.S. is the worlds largest oil producer.
    China needs gold to buy oil.

  • @praveenspike
    @praveenspike หลายเดือนก่อน +2

    BRICS have never supported bitcoin as it doesn't hold a real value

    • @88gcllc
      @88gcllc หลายเดือนก่อน

      We shall see, my bet is on BTC vs shiny rocks

    • @ishaks8152
      @ishaks8152 หลายเดือนก่อน

      Fake moony.

    • @peterburke8650
      @peterburke8650 หลายเดือนก่อน

      Bitcorn.

  • @xavier-ge5iz
    @xavier-ge5iz หลายเดือนก่อน +4

    Please eliminate that terrible music.👃

    • @JamesSmith-bo3po
      @JamesSmith-bo3po หลายเดือนก่อน

      I just made a comment on the music. It is terrible and distracting.

  • @karlpetzing525
    @karlpetzing525 หลายเดือนก่อน

    We should have voted for smarter leaders

  • @harryzero1566
    @harryzero1566 หลายเดือนก่อน

    Gold prices shift up and down to create margins for paper traders.

    • @ace9840
      @ace9840 หลายเดือนก่อน

      True, but since the 90's it's been gong up from $300 to $400. Today its around $2400.

  • @justaman-km1hl
    @justaman-km1hl หลายเดือนก่อน +3

    Stop comparing Troy ounces of gold bullion to fiat dollars. The buying power of gold hasn’t changed in 2,000 years.

  • @barrybrand2970
    @barrybrand2970 29 วันที่ผ่านมา

    THE WEST WILL ALWAYS STAND BY THE US DOLLAR BECAUSE WE TRADE WITH PEOPLE WE TRUST.

  • @ediddysmith2500
    @ediddysmith2500 หลายเดือนก่อน +1

    Maybe Canada will buy a oz , lol

  • @Adrianiq1551
    @Adrianiq1551 27 วันที่ผ่านมา

    All came from nature. LOL, I'm thinking too far. Well hopefully it'll balance the economy entirely.

  • @sandponics
    @sandponics หลายเดือนก่อน +1

    Can you eat it?

  • @JulianOtis-qw9md
    @JulianOtis-qw9md หลายเดือนก่อน +3

    Please remove the music

  • @ZoraDrinic
    @ZoraDrinic หลายเดือนก่อน +2

    BRICS ---

  • @margueritebeson8498
    @margueritebeson8498 หลายเดือนก่อน

    I thought Putin connected the roebel to gold few years ago already

  • @philschiavone101
    @philschiavone101 หลายเดือนก่อน +1

    There will be no gold reserve for the BRICS currency. A unit will just equal a weight of gold. That is it.

  • @Angeprof
    @Angeprof 28 วันที่ผ่านมา

    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.

  • @user-cx3mq1wc2z
    @user-cx3mq1wc2z หลายเดือนก่อน +4

    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!

  • @omarmacadato3942
    @omarmacadato3942 หลายเดือนก่อน

    BETTER FOR THE BRICS TO LEAVE UN AND DO NOT USED DOLLAR AND EU CURRENCY USED GOLD .

  • @martiansurgery
    @martiansurgery หลายเดือนก่อน

    the lesson here is keep the 'money hoarders' out of your temple

  • @user-vl5ze8bw2i
    @user-vl5ze8bw2i หลายเดือนก่อน

    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?

    • @dranzacspartan8002
      @dranzacspartan8002 หลายเดือนก่อน +1

      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).

  • @alonzolobaton4631
    @alonzolobaton4631 หลายเดือนก่อน +1

    King Solomon Gold is the GOAT🤗

  • @Zindo.Majesty.HisMajesty
    @Zindo.Majesty.HisMajesty หลายเดือนก่อน +1

    I wonder who holds the most gold reserves in the world, let me think, oh yeah the United States

    • @queensgambit4982
      @queensgambit4982 หลายเดือนก่อน

      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.

  • @zixon1347
    @zixon1347 หลายเดือนก่อน +1

    All countries use dollar-toilet paper ,so are we idiots,yes we don't deserve better

  • @MonsterHummerH3-zx1no
    @MonsterHummerH3-zx1no หลายเดือนก่อน +1

    HeHe!😁

  • @Nattado365Washington
    @Nattado365Washington 28 วันที่ผ่านมา

    Breaking news Beacon Tracker unjustified by Jamaica, England and America 2024 0

  • @michaellalanae7228
    @michaellalanae7228 หลายเดือนก่อน

    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.

  • @absaly
    @absaly หลายเดือนก่อน

    dont throw dollar away
    you always need bog roll

  • @paulcooverjr.6947
    @paulcooverjr.6947 หลายเดือนก่อน

    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.

  • @margaretswoma4951
    @margaretswoma4951 หลายเดือนก่อน

    👋👋👋👋👋

  • @richardward9582
    @richardward9582 หลายเดือนก่อน

    The United States is in trouble

  • @Ksr_Ksr1
    @Ksr_Ksr1 หลายเดือนก่อน

    When Really Dollar Down, the third world war is not far away..

  • @HappyPandaBear73
    @HappyPandaBear73 หลายเดือนก่อน

    💟BRICS+ Nations!

  • @jdaavent7724
    @jdaavent7724 หลายเดือนก่อน

    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.

    • @SenatorArmstrong-c9c
      @SenatorArmstrong-c9c หลายเดือนก่อน

      Dang fr? so they did the opposite of what they wanted?

    • @azizyahaya2174
      @azizyahaya2174 หลายเดือนก่อน

      Cope

    • @SenatorArmstrong-c9c
      @SenatorArmstrong-c9c หลายเดือนก่อน

      @@azizyahaya2174 that's not cope if it's an actuall fact

  • @atn2666
    @atn2666 หลายเดือนก่อน

    This is old news…..

  • @user-yy3vd9vx7y
    @user-yy3vd9vx7y หลายเดือนก่อน

    Gold up and down......