US Will Respond to BRICS: Gold hits $20,000 + Silver's Explosive Future Ahead
All Roads Lead to Gold & Silver
The global financial landscape is undergoing a seismic shift as BRICS nations (Brazil, Russia, India, China, and South Africa plus 159 others ?????) increasingly challenge the US dollar's hegemony.
This shift is occurring against the backdrop of the United States' staggering $35 trillion debt and its perceived addiction to war.
BRICS countries are actively selling US Treasury bonds and redirecting their reserves into gold and silver.
This strategic move aims to reduce their dependence on the US dollar and establish a new financial order. In 2023 alone, BRICS offloaded $122.7 billion in US Treasury bonds, with China leading the charge by reducing its holdings by $117.4 billion.
This trend aligns with historical patterns of global reserve currencies transitioning to new powers.
As the US dollar's dominance wanes, BRICS nations are positioning themselves as potential successors. They're developing alternative financial systems, such as the mBridge digital currency platform and exploring the creation of a new BRICS currency potentially backed by gold.
The US dollar, once backed by gold and oil, now relies primarily on faith in the US economy and military might. Critics argue that the dollar's value is artificially propped up by the US's global military presence and its ability to enforce the petrodollar system.
Interestingly, the US economy is increasingly dependent on a handful of tech giants. Companies like Amazon, NVIDIA, Microsoft, Google, Facebook, and Apple have become pillars of the American economy, raising concerns about the concentration of economic power.
The BRICS nations' accumulation of gold and silver is seen as a strategic move to create a more stable alternative to the dollar. Central banks of BRICS and associated countries have significantly increased their gold reserves, potentially surpassing those of the United States
This shift towards precious metals is not just about challenging dollar dominance. It's also a hedge against inflation and economic instability. As the US continues to print money to service its debt, the value of gold and silver as "real" assets becomes more apparent.
The implications of this de-dollarization trend are far-reaching. If successful, it could lead to a multipolar economic world, reducing US global influence. It may also result in increased inflation in the US as more dollars flow back into the domestic economy
In response, the US may need to reconsider its monetary policies and potentially return to some form of gold standard to maintain its economic position.
As we move towards 2025 and 2026, the global financial system stands at a crossroads. The actions of BRICS nations, coupled with the US's economic challenges, could reshape the international monetary landscape. Whether this leads to a more balanced global economy or increased economic tensions remains to be seen.
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Jon Forrest Little explains that US has no choice but to respond to the BRICS Gold Rush with a “if you can’t beat em join em” strategy
and how Gold could hit $20,000 plus (conservatively)
https://www.fishercapitalgroup.com/brics-countries-dump-123-billion-in-u-s-treasuries-in-2023
https://www.nasdaq.com/articles/how-would-new-brics-currency-affect-us-dollar-updated-2024
https://www.jpost.com/business-and-innovation/precious-metals/article-821429
https://www.centarzlata.com/en/brics/
https://gfmag.com/economics-policy-regulation/china-sells-us-treasuries-de-dollarization/
https://www.forbes.com/sites/nathanlewis/2024/01/24/brics-making-good-progress-on-their-golden-path/
https://www.midasgoldgroup.com/news/brics-threat-to-our-financial-system/