BRICS Move to Gold August 22, 2023

Precious Metals Market Update

In this video, the speaker discusses the recent sell-offs in precious metals and the mixed response from market participants. They also provide insights into why they chose to purchase silver and platinum bullion despite ongoing re-evaluations for physical precious metals.

Factors Contributing to Silver Bullion Purchase

• Some market participants are looking to add to their bullion positions due to low price points, while others are tired of fundamental realities not being reflected in ongoing re-evaluations.

• The Comics silver Futures Market has historically low inventory levels, including registered or up for delivery or paper warrant swap categories and comics eligible pile.

• Nearly half of the silver supposedly sitting in London is unsecured SLV silver ETF Holdings that sit with JP Morgan.

• India has been completely amiss and gone from the silver bullion buying Market thus far in the year.

• Reports out of China show that solar demand there is exploding, and silver input loads per panel are ramping up for better efficiency in new solar panels being manufactured all for critical future energy needs of that large economy.

• SRS Rocco reports point out that silver solar demand is on pace to potentially double by 2025.

Reasons for Buying Bullion Now

• Product availability at the moment is robust, and there is near immediate delivery in most bullying products as well price premiums relative to ongoing spot prices have slimmed down considerably over the last few months.

• When you get silver bullion near the cost of production, especially with all these other contributing factors at hand many that we've talked about on this channel for years well you just Pony up and pull the trigger adding to your prudent positions.

• Our Reckless leadership and imagine what they will have done by the time we get to the year 2025 after all there is no debt ceiling cap from here to however much higher there will eventually become uh personally I'm not waiting for that nosebleed number to come out I rather just got my bullying now at these relatively low price points while they last.

SD Bullion Giveaway

• The video ends with a reminder about an ongoing giveaway of 500 American Silver Eagle coins.

Gold and Precious Metals Market Update

This transcript provides an update on the gold and precious metals market, including news on the spot gold-silver ratio, Australian Perth Mint's record-sized silver and gold bullion sales, US banks' precious metal derivative holdings, and a potential currency trade settlement linked to gold by the BRICS plus countries.

Spot Gold-Silver Ratio Balloons to 85

• The spot gold-silver ratio has ballooned to 85.

• Gold is expected to lead as secular bull markets go to their next level.

• Waiting for eventual breakout of gold price.

• Looking forward to seeing $2000 and $2100 announced for gold.

Australian Perth Mint Scandals

• The Australian Senate is about to make further public inquiry into recent scandals at the Australian Perth Mint regarding lackluster anti-money laundering and KYC compliance.

• Issues regarding alleged impure gold bars sold into the Shanghai Gold Exchange Chinese market.

• Despite these supposed scandals, the Perth Mint has been enjoying record-sized silver and gold bullion sales over the last three-plus years.

US Banks' Precious Metal Derivative Holdings

• The Office of Comptroller of Currency or OCC report this past week that precious metals derivatives held by some of the largest U.S banks grew larger since their last update.

• Specifically, JP Morgan and Bank of America's precious metals derivative book blew out relatively larger in proportion than relative silver and gold spot price action moved over that three-month time frame.

• Nearly 90% of all exotic derivatives traded in the United States by banks are traded by four Mega Banks.

• Most derivative contract holdings expire within a one-year time frame.

Potential Currency Trade Settlement Linked to Gold by BRICS Plus Countries

• U.S Treasury Secretary Janet Yellen is over in Paris, France, admitting that more regional bank failures or consolidations are coming.

• She's also continually pumping for more balance sheet expansions for both the IMF and World Bank ahead of the next global crisis to come.

• Best-selling author James Rickards has been making major headlines by flat out declaring that the BRICS plus contingent will be moving toward a currency trade settlement linked to gold by the end of August of this summer.

• The new BRICS plus currency will be linked to a weight of gold, which plays to the strengths of BRICS members Russia and China.

The Role of Gold in the BRICS Currency

This section discusses the role of gold in the BRICS currency and how it affects the value of the dollar.

The Dollar Price of Gold

• The dollar price of gold affects the value of bricks one against the dollar.

• If a country is a BRICS member, they might want the dollar price of gold to go up so they can buy U.S goods and services on the cheap.

• Conversely, if a country is a BRICS member and a commodity exporter, they might want the dollar price of gold to go down so parties with dollars will buy more commodities.

China and Russia's Influence

• China and Russia are likely to call the shots regarding gold prices.

• They will want a high dollar price for gold to make the BRICS currency more valuable.

• This policy backed up by physical gold purchases could drive the dollar price of gold to 3,000 per ounce or higher very quickly.

Collapse of Dollar

• If gold goes to 3,000 per ounce, we are actually witnessing the collapse of the dollar.

• The whole idea behind this policy is to destroy confidence in fiat US dollars.

• Moving money to stocks, bonds or savings accounts won't protect you because they're all denominated in Fiat US Dollars.

Solution: Buy Gold Bullion

• A simple solution to this coming currency crisis is just buying gold bullion that will preserve wealth and protect from inflation.

• You can always sell it globally if you need US Dollar Cash. It's just that you'll get more cash than what you used to buy bullion in first place.

Hop on Bricks Bandwagon with Gold Bullion

• Time to hop on the BRICS bandwagon with gold bullion.

• Some might understandably scoff at Jim Rickards' latest writings and declarations, but it takes a lot of nerve to make a claim that large with an explicit date attached.

Take Advantage of Summer Spot Price Lulls

• Take full advantage of these summer spot price lulls.

• In a few years from now, we'll look back on them and wish we could get bullion anywhere near these current spot price points.

Conclusion

• The video concludes by encouraging viewers to hit the like button, share the video with loved ones, subscribe to their channel, and hit the alert button so they know when new bullion market updates are published.