Palisades Gold Radio
Dec 1, 2022
In this two-part presentation, Tom welcomes back Paul from The Sirius Report to finish a discussion on the rapidly evolving multipolar world.
Paul discusses what a BRICS Currency system will look like and why it’s likely to be backed by commodities and likely gold. The ideas behind BRICS are continuing to evolve as more nations join across the world. Soon we could have upwards of thirty countries involved, and they will have to figure out how to weight the system. This is a reality and no longer some sort of fictional idea. It’s now maturing into a proper system with good organization. They are also being cautious and considering the risks of moving too fast.
The West is going to have to radically re-assess every part of the economy, governance and adapt to a much better system. The U.S. believes it can bring it’s industrial base back, but they can’t afford the salaries. Then they will be unable to compete and can only serve the market internally. They will need commodities from the rest of the world.
The U.S. is dependent on the rest of the world for energy, and diesel in particular. There are many concerns about the sustainability of shale gas.
Paper markets for metals are massively manipulated. Markets are driven by algos and high-frequency trading. Markets today often react completely opposite to news.
There is a fundamental different mindset between western and eastern metals markets. You hold gold because it’s a bet against everything. Your other choice is to wait for the collapse, but then you won’t be able to get it.
The East continues to drain the West of metals, but eventually supply will no longer be available. That will mark the end of the paper markets and the beginning of true price discovery.
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