Gold-Backed BRICS Currency Not on Agenda, De-Dollarization to Accelerate

1 year ago
668

In this exclusive interview, Lobo Tiggre, Editor of The Independent Speculator, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to analyze the potential for a gold-backed BRICS currency and its implications for the U.S. dollar. They delve into the timeline for a possible Fed pivot, the significance of Saudi Arabia and Turkey joining BRICS, and the immediate risks facing gold and the U.S. economy. Don't miss this insightful discussion!

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Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Follow Lobo Tiggre on Twitter: @duediligenceguy (https://twitter.com/duediligenceguy)

0:00 - Gold-backed BRICS currency reports
3:26 - Mixed messages from BRICS members
5:50 - Gold backing makes sense
8:08 - India is the roadblock to BRICS currency
12:50 - Reasons why BRICS currency isn't happening
16:30 - USD weaponization makes it more likely
17:31 - Gold price non-reaction to BRICS news
25:24 - Serious headwinds for gold
28:59 - Growing interest in joining BRICS
31:49 - Saudi Arabia in BRICS ends petrodollar
33:44 - Turkey would be big for BRICS
35:27 - Near-term bearish on gold
41:24 - Fed pivot calculations
46:38 - Invest in uranium today
49:57 - BlackRock and ESG

#gold #federalreserve #brics
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